new w estm inster DETACHED -AUGUST 2023
SALES TO LISTINGSRATIO 23% SELLERS'M ARKET
▶ MARKETSUMMARY
AVERAGEPRICE
MEDIAN PRICE
TOTALLISTINGS
SALES
▲ 16% VS 2022
▲ 5% VS 2022
▼ 4% VS 2022
▲ 58% VS 2022
Therew ere 81 detached listingsin N ew W estm insterin August,1.2% below Julyand 4% lowerthan August2022. Augustdetached hom esalesdecreased by24% m onth-over-m onth,to19,and were58% aboveAugust 2022. Thesales-to-listing ratio fordetached in N ew W estm inster,at23% ,reflected aselers'm arket.
THISMONTH No.
PREVIOUSMONTH
PREVIOUSYEAR
No.
% Change
No.
% Change
TOTALLISTINGS TOTALSALES
19 81
12 84
16% 5% 64% 58% -4%
25 82
13% 1.6% -23% -24% -1.2%
Thedetachedm edian pricein Augustwas$1,625,000,a 1.6% increasefrom Julyand 5% aboveAugust2022.
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE
$1,812,993 $1,625,000 23%
$1,597,836 $1,600,000 30%
$1,558,917 $1,550,000 14%
Theaveragesold pricewas$1,812,993,13% abovelast m onth and up 16% toAugust2022.
▶ RATIO OFMEDIAN PRICES
▶ RECENTTRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
99
88 89
84
76
81
1.81
85
1.80
82
63
74
1.611.58
63
63
59
1.43
1.39
30
25
17
16
19
1
9 9
9
19
12
18
1
$1.67M $1.73M
$1.60M $1.63M
$1.55M
$1.52M
$1.47M $1.53M
$1.37M $1.32M $1.37M
$1.24M $1.23M
22-Aug
23-Jul 23-Aug
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21% +
BALANCED 12 - 20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY ● S-L RATIO
30
25
20
15
42%
40%
10
26%
18%
14%
14%
5
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
3 0 n/a
5 2 40%
19 5 26%
28 5 18%
12 5 42%
7 1 14%
7 1 14%
Copyright© Septem ber5,2023renniegroupofcom panies.Alrightsreserved.Thism aterialm aynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenperm is ionoftherenniegroupofcom panies.CurentasofSeptem ber5,2023.Aldatafrom RealEstate BoardofGreaterVancouverandFraserValey& Rennie.W hiletheinform ationanddatacontainedhereinhasbe nobtainedfrom sourcesde m edreliable,ac uracycan otbeguarante d.renniegroupofcom paniesdoesnotas um eresponsibiltyorliabiltyforanyinac uracies.The recipientoftheinform ationshouldtakestepsastherecipientm ayde m neces arytoverifytheinform ationpriortoplacinganyrelianceupontheinform ation.Theinform ationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbe obtainedfrom arennieandas ociatesadvisor.Alinform ationissubjecttochangeandanypropertym aybewithdrawnfrom them arketatanytim ewithoutnoticeorobligationtotherecipientfrom renniegroupofcom panies.E.&O.E.
●
29
Made with FlippingBook - professional solution for displaying marketing and sales documents online