new w estm inster CONDO -SEPTEMBER 202
SALES TO LISTINGSRATIO 30% SELLERS'M ARKET
▶ MARKETSUMMARY Therewere171 condolistingsin N ew W estm insterin Septem ber,4% aboveAugustand 29% lowerthan Septem ber2021. Septem bercondo salesincreased by 6% m onth-over-m onth,to51,and were51% below Septem ber2021. Thesales-to-listing ratio forcondosin N ew W estm inster, at30% ,reflected aselers'm arket. Thecondom edian pricein Septem berwas$575,000,a 5% decreasefrom Augustand 2% aboveSeptem ber2021. Theaveragesold pricewas$595,893,1.1% below last m onth;theaveragePSF salepricewas$706,up 4% to lastm onth.
AVERAGEPRICE
AVERAGE PSF PRICE ▲ 7% VS 2021
MEDIAN PRICE
TOTALLISTINGS
SALES
▲ 0.7% VS 2021
▲ 2% VS 2021
▼ 29% VS 2021
▼ 51% VS 2021
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No. 43% 104 241
% Change
No.
% Change
TOTALLISTINGS TOTALSALES
$706 $595,893 $575,000 30% 51 171
7% 0.7% 2% -31% -51% -29%
$682 $602,650 $602,400 29% 48 165
3% 6% 4%
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF
4% -1.1% -5%
$659 $591,946 $563,500
▶ AVG PRICEPERSQUAREFOOT
▶ RECENTTRENDS
● SEP 2021 ● SEP 202
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
241
209
179
175
171
149
161 161 165
129
18
10
104
133
104
19
80
81
102
96
95
82
73
51
62
48
$641K $675K
$630K $630K
$590K $562K $602K $575K
$570K $614K
$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
80
70
4+ bdrms
1
60
50
3
3 bdrms
40
14
50%
46%
30
33%
28
20
21%
2 bdrms
18%
109
10
0
20
<$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
8 4 50%
57 26 46%
75 16 21%
22 4 18%
4 0 n/a
3 1 33%
1 0 n/a
1 0 n/a
47
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