new w estm inster CONDO -JUNE 202
SALES TO LISTINGSRATIO 50% SELLERS'M ARKET
▶ MARKETSUMMARY
AVERAGEPRICE
AVERAGE PSF PRICE ▲ 12% VS 2021
MEDIAN PRICE
TOTALLISTINGS
SALES
▲ 9% VS 2021
▲ 7% VS 2021
▼ 33% VS 2021
▼ 24% VS 2021
Therewere161 condolistingsin N ew W estm insterin June,8% below M ayand 33% lowerthan June2021.
Junecondo salesdecreased by1.2% m onth-over-m onth, to81,and were24% below June2021. Thesales-to-listing ratio forcondosin N ew W estm inster, at50% ,reflected aselers'm arket. Thecondom edian pricein Junewas$590,000,a6% decreasefrom M ayand 7% aboveJune2021. Theaveragesold pricewas$607,912,5% below last m onth;theaveragePSF salepricewas$707,down 2.0% tolastm onth.
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No. 44% 106 239
% Change
No.
% Change
TOTALLISTINGS TOTALSALES
$707 $607,912 $590,000 50% 81 161
12% 9% 7% 13% -24% -33%
$721 $640,984 $630,000 47% 82 175
-2% -5% -6% 7% -1.2% -8%
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF
$631 $560,183 $549,950
▶ AVG PRICEPERSQUAREFOOT
▶ RECENTTRENDS
● JUN 2021 ● JUN 202
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
241
239
235
225
209
179
175
149
161
129
18
12
10
104
133
106
19
80
104
102
102
96
95
81
82
73
$641K $675K
$630K $630K $590K
$570K $614K
$550K $555K $550K $564K $561K $558K
NEW W ESTMINSTER REBGV
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21% +
BALANCED 12 - 20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-L RATIO
70
100%+
4+ bdrms
60
50
2
62%
40
3 bdrms
13
46%
30
31% 33%
52
20
2 bdrms
97
10
0
27
<$400K $400-599K $600-799K $800-999K $1.0M -1.24M $1.25M -1.49M $1.5M -1.99M $2M +
<2 bdrms
S-L RATIO SALES INVENTORY
5 6 120%
60 37 62%
70 32 46%
16 5 31%
3 1 33%
6 0 n/a
1 0 n/a
51
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