the rennie review | September 2023

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%

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