new w estm inster CONDO -AUGUST 2023
SALES TO LISTINGSRATIO 36% SELLERS'M ARKET
▶ MARKETSUMMARY
AVERAGEPRICE
AVERAGE PSF PRICE ▲ 7% VS 2022
MEDIAN PRICE
TOTALLISTINGS
SALES
▲ 7% VS 2022
▲ 8% VS 2022
▲ 4% VS 2022
▲ 29% VS 2022
Therewere172 condolistingsin N ew W estm insterin August,5% below Julyand 4% higherthan August2022. Augustcondosalesdecreased by21% m onth-over-m onth,to62,and were29% aboveAugust 2022. Thesales-to-listing ratio forcondosin N ew W estm inster, at36% ,reflected aselers'm arket. Thecondom edian pricein Augustwas$647,900,a3% increasefrom Julyand 8% aboveAugust2022. Theaveragesold pricewas$642,112,0.3% abovelast m onth;theaveragePSF salepricewas$730,up 1.1% to lastm onth.
THISMONTH No.
PREVIOUSMONTH
PREVIOUSYEAR
No.
% Change
No.
% Change
TOTALLISTINGS TOTALSALES
$730 $642,112 $647,900 36% 62 172
$682 $602,650 $602,400 29% 48 165
24% 29% 4%
$722 $640,351 $628,500 43% 78 181
1.1% 0.3% 3% -16% -21% -5%
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF
7% 7% 8%
▶ AVG PRICEPERSQUAREFOOT
▶ RECENTTRENDS
● AUG 202 ● AUG 2023
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
171
171
181
172
165
168
130
128
127
148
122
121
19
96
78
76
59
82
62
72
48
36
52
51
44
26
$631K
$610K $650K $613K $629K $648K
$602K $575K
$602K $586K
$583K
$555K $598K
NEW W ESTMINSTER REBGV
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21% +
BALANCED 12 - 20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-L RATIO
70
60
4+ bdrms
2
50
67%
2
40
3 bdrms
53%
16
30
33%
20
39
23%
2 bdrms
101
10
0
21
<$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
3 2 67%
54 18 33%
66 35 53%
31 7 23%
11 0 n/a
6 0 n/a
1 0 n/a
53
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