new w estm inster DETACHED -JUNE 202
SALES TO LISTINGSRATIO 14% BALANCEDMARKET
▶ MARKETSUMMARY
AVERAGEPRICE
MEDIAN PRICE
TOTALLISTINGS
SALES
▲ 5% VS 2021
▲ 0.8% VS 2021
▲ 20% VS 2021
▼ 55% VS 2021
Therew ere 90 detached listingsin N ew W estm insterin June,2% aboveM ayand 20% higherthan June2021. Junedetached hom esalesdecreased by35% m onth-over-m onth,to13,and were55% below June 2021. Thesales-to-listing ratio fordetached in N ew W estm inster,at14% ,reflected abalanced m arket.
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No.
% Change
No.
% Change
TOTALLISTINGS TOTALSALES
13 90
29 75
5% 0.8% -63% -55% 20%
20 88
-5% -10% -36% -35% 2%
Thedetachedm edian pricein Junewas$1,341,000,a 10% decreasefrom M ayand 0.8% aboveJune2021.
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE
$1,472,654 $1,341,000 14%
$1,553,325 $1,482,500 23%
$1,400,957 $1,330,000 39%
Theaveragesold pricewas$1,472,654,5% below last m onth and up 5% toJune2021.
▶ RATIO OFMEDIAN PRICES
▶ RECENTTRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
90
84
78
88
75
68
1.64
1.60
1.581.53
67
56
1.47
63
60
48
1.38
45
32
41 21
29
29
28
29
20
23
23
21
13
18
14
$1.61M
$1.60M $1.70M $1.68M $1.64M $1.70M
$1.48M
$1.40M $1.50M
$1.35M
$1.34M
$1.33M $1.36M
Jun-21
May-22
Jun-22
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21% +
BALANCED 12 - 20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY ● S-L RATIO
40
30
50%
20
35%
10
13%
7%
0
<$600K
$600-799K
$800-999K
$1.0M -1.24M $1.25M -1.49M $1.5M -1.99M
$2.0M -2.49M
$2.5M -2.99M
$3M+
S-L RATIO SALES INVENTORY
0 2 n/a
2 1 50%
17 6 35%
42 3 7%
16 0 n/a
8 1 13%
5 0 n/a
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