new w estm inster TOWNHOME-AUGUST 2023
SALES TO LISTINGSRATIO 24% SELLERS'M ARKET
▶ MARKETSUMMARY Therewere29 townhom elistingsin N ew W estm insterin August,21% aboveJulyand 61% higherthan August 2022. Augusttownhom esalesdecreased by59% m onth-over-m onth,to 7,and were46% below August 2022. Thesales-to-listing ratio fortow nhom esin N ew W estm inster,at24% ,reflected aselers'm arket. Thetownhom em edian pricein Augustwas$900,000,a 10% decreasefrom Julyand 4% aboveAugust2022. Theaveragesold pricewas$968,278,4% below last m onth;theaveragePSF salepricewas$683,down 5% to lastm onth.
AVERAGEPRICE
AVERAGE PSF PRICE ▲ 8% VS 2022
MEDIAN PRICE
TOTALLISTINGS
SALES
▲ 11% VS 2022
▲ 4% VS 2022
▲ 61% VS 2022
▼ 46% VS 2022
THISMONTH No.
PREVIOUSMONTH
PREVIOUSYEAR
No.
% Change
No.
% Change
TOTALLISTINGS TOTALSALES
$683 $968,278 $900,000 24% 7 29
13 18
8% 11% 4% -67% -46% 61%
17 24
-10% -66% -59% 21%
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF
$635 $869,062 $863,000 72%
$715 $1,007,359 $995,000 71%
-5% -4%
▶ AVG PRICEPERSQUAREFOOT
▶ RECENTTRENDS
● AUG 202 ● AUG 2023
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
31
29
29
29
28
26
25
22
24
23
19
17 17
19
18
13
7
10
7
7
2
5
4 4
3
$1.03M
$995K
$950K
$925K $958K $970K $995K $930K $990K
$905K
$900K
$863K
$822K
NEW W ESTMINSTER REBGV
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21% +
BALANCED 12 - 20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-L RATIO
12
1
100%
10
4+ bdrms
3
8
5
3 bdrms
6
17
36%
33%
4
1
2 bdrms
8
2
9%
0
<2 bdrms
<$400K $400-599K $600-799K $800-999K $1.0M -1.24M $1.25M -1.49M $1.5M -1.99M $2M +
1
S-L RATIO SALES INVENTORY
1 0 n/a
3 1 33%
11 4 36%
11 1 9%
1 1 100%
2 0 n/a
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