newwestminster DETACHED-FEBRUARY 202
SALESTO LISTINGSRATIO 67% SELLERS'MARKET
▶ MARKETSUMMARY Therewere48detachedlistingsinNewWestminsterin February,7%aboveJanuaryand9%lowerthanFebruary 2021. Februarydetachedhomesalesincreasedby78% month-over-month,to32,andwere3%aboveFebruary 2021. Thesales-to-listingratiofordetachedinNew Westminster,at67%,reflectedaselers'market. ThedetachedmedianpriceinFebruarywas$1,683,000, a0.7%decreasefromJanuaryand28%aboveFebruary 2021. Theaveragesoldpricewas$1,719,875,3%belowlast monthandup24%toFebruary2021.
AVERAGEPRICE
MEDIANPRICE
TOTALLISTINGS
SALES
▲ 24% VS2021
▲ 28% VS2021
▼ 9% VS2021
▲ 3% VS2021
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No.
%Change
No.
%Change
TOTALLISTINGS TOTALSALES
32 48
31 53
24% 28% 14% 3% -9%
18 45
67% 78% 7%
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE
$1,719,875 $1,683,000 67%
$1,767,264 $1,695,000 40%
$1,382,187 $1,310,000 58%
-3% -0.7%
▶ RATIOOFMEDIANPRICES
▶ RECENTTRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTALINVENTORY ● MEDIANPRICE
96
94
81
78
1.77
1.75
1.71
75
56
1.56
67 63
1.54
60
46
45
44
1.39
48
53
32
29
41 21
28
36
31
29
23
21
18
14
$1.70M
$1.68M
$1.61M
$1.60M
$1.50M
$1.40M
$1.35M $1.31M
$1.36M
$1.35M
$1.34M
$1.33M
$1.33M
Feb-21
Jan-22
Feb-22
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELERS'MARKET 21%+
BALANCED 12-20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY ● S-LRATIO
20
100%+
15
10
40%
40%
40%
25%
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-LRATIO SALES INVENTORY
1 0 n/a
5 2 40%
10 4 40%
17 21 124%
10 4 40%
4 1 25%
1 0 n/a
Copyright©March7,202reniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofMarch7,202.AldatafromRealEstateBoardof GreaterVancouverandFraserValey&Rennie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipient oftheinformationshouldtakestepsastherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtained fromarenieandasociatesadvisor.Alinformationissubjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromrenniegroupofcompanies.E.&O.E.
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