new w estm inster DETACHED -SEPTEMBER 202
SALES TO LISTINGSRATIO 10% BUYERS'M ARKET
▶ MARKETSUMMARY
AVERAGEPRICE
MEDIAN PRICE
TOTALLISTINGS
SALES
▲ 15% VS 2021
▲ 1.5% VS 2021
▲ 13% VS 2021
▼ 36% VS 2021
Therew ere 88 detached listingsin N ew W estm insterin Septem ber,5% aboveAugustand 13% higherthan Septem ber2021. Septem berdetached hom esalesdecreased by 25% m onth-over-m onth,to 9,and were36% below Septem ber 2021. Thesales-to-listing ratio fordetached in N ew W estm inster,at10% ,reflected abuyers'm arket. Thedetached m edian pricein Septem berwas $1,374,000,a11% decreasefrom Augustand 1.5% above Septem ber2021. Theaveragesold pricewas$1,539,222,1.3% below last m onth and up 15% toSeptem ber2021.
THISMONTH No. $1,539,222 $1,374,000 10% 9 88
PREVIOUSYEAR
PREVIOUSMONTH
No.
% Change
No.
% Change
TOTALLISTINGS TOTALSALES
14 78
15% 1.5% -43% -36% 13%
12 84
-1.3% -11% -28% -25% 5%
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE
$1,558,917 $1,550,000 14%
$1,333,614 $1,353,500 18%
▶ RATIO OFMEDIAN PRICES
▶ RECENTTRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
84
88
90
78
88
87
84
1.80
1.79
68
1.65
56
60
48
1.46
1.43
45
1.33
32
41 21
29
28
20
23
23
12
18
14
9
13 1
$1.60M $1.70M $1.68M $1.64M $1.70M
$1.48M
$1.47M $1.55M
$1.40M $1.50M
$1.37M
$1.35M
$1.34M
Sep-21
Aug-22
Sep-22
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21% +
BALANCED 12 - 20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY ● S-L RATIO
100%
30
67%
20
10
20%
8%
6%
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
1 1 100%
3 2 67%
24 2 8%
36 2 6%
10 2 20%
8 0 n/a
6 0 n/a
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