newwestminster CONDO-FEBRUARY 202
SALESTO LISTINGSRATIO 109% SELLERS'MARKET
▶ MARKETSUMMARY Therewere95condolistingsinNewWestminsterin February,19%aboveJanuaryand61%lowerthan February2021. Februarycondosalesincreasedby42% month-over-month,to104,andwere6%belowFebruary 2021. Thesales-to-listingratioforcondosinNewWestminster, at109%,reflectedaselers'market. ThecondomedianpriceinFebruarywas$640,500,a4% increasefromJanuaryand19%aboveFebruary2021. Theaveragesoldpricewas$645,833,2%abovelast month;theaveragePSFsalepricewas$724,up6%to lastmonth.
AVERAGEPRICE
AVERAGE PSFPRICE ▲ 22% VS2021
MEDIANPRICE
TOTALLISTINGS
SALES
▲ 18% VS2021
▲ 19% VS2021
▼ 61% VS2021
▼ 6% VS2021
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No. 46% 111 243
%Change
No.
%Change
TOTALLISTINGS TOTALSALES
$724 $645,833 $640,500 109% 104 95
22% 18% 19% 140% -6% -61%
73 80
20% 42% 19%
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF
$680 $630,474 $613,777 91%
6% 2% 4%
$594 $546,696 $540,000
▶ AVGPRICEPERSQUAREFOOT
▶ RECENTTRENDS
● FEB 2021 ● FEB 202
● SALES ● TOTALINVENTORY ● MEDIANPRICE
241
243
239
235
228
174 227
225
225
209 179
129
129
18
12
10
136
104
11
80
95
106
104
102
96
73
$641K
$614K
$572K
$570K
$564K
$555K
$561K
$558K
$550K
$550K
$540K
$538K
$519K
NEWWESTMINSTER REBGV
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELERS'MARKET 21%+
BALANCED 12-20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-LRATIO
50
100%+ 100%+
100%
4+bdrms
92%
1
40
80%
4
30
3bdrms
10
20
69
2bdrms
10
61
0
31
<$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
5 4 80%
33 35 106%
37 52 141%
12 11 92%
2 2 100%
4 0 n/a
2 0 n/a
23
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