newwestminster TOWNHOME-FEBRUARY 202
SALESTO LISTINGSRATIO 78% SELLERS'MARKET
▶ MARKETSUMMARY
AVERAGEPRICE
AVERAGE PSFPRICE ▲ 37% VS2021
MEDIANPRICE
TOTALLISTINGS
SALES
▲ 28% VS2021
▲ 31% VS2021
▲ 21% VS2021
▼ 14% VS2021
Therewere23townhomelistingsinNewWestminsterin February,64%aboveJanuaryand21%higherthan February2021. Februarytownhomesalesincreasedby260% month-over-month,to18,andwere14%belowFebruary 2021. Thesales-to-listingratiofortownhomesinNew Westminster,at78%,reflectedaselers'market. ThetownhomemedianpriceinFebruarywas$983,750,a 2%increasefromJanuaryand31%aboveFebruary2021. Theaveragesoldpricewas$980,161,0.6%belowlast month;theaveragePSFsalepricewas$739,down0.2% tolastmonth.
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No.
%Change
No.
%Change
TOTALLISTINGS TOTALSALES
18 23
21 19
37% 28% 31% -29% -14% 21%
$740 $985,980 $960,000 36% 5 14
-0.2% -0.6% 2% 119% 260% 64%
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF
$739 $980,161 $983,750 78%
$541 $768,124 $750,000 111%
▶ AVGPRICEPERSQUAREFOOT
▶ RECENTTRENDS
● FEB 2021 ● FEB 202
● SALES ● TOTALINVENTORY ● MEDIANPRICE
40
36
30
25
25
23
23
21
21
20
19
19
18
17
17
19
21
21
19
18
16
16
14
9
7
5
$984K
$960K
$930K
$897K
$875K
$880K
$865K
$851K
$842K
$830K
$828K
$768K
$750K
NEWWESTMINSTER REBGV
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELERS'MARKET 21%+
BALANCED 12-20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-LRATIO
14
2 2
100%
100%+
12
4+bdrms
10
69%
8
8
3bdrms
10
6
4
7
2bdrms
20%
10
2
0
1 1
<$400K $400-599K $600-799K $800-999K $1.0M-1.24M $1.25M-1.49M $1.5M-1.99M $2M+
<2bdrms
S-LRATIO SALES INVENTORY
1 1 100%
5 1 20%
13 9 69%
4 7 175%
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