new westminster TOWNHOME - MARCH 2 0 2 4
SALES TO LISTINGS RATIO 29% SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▼ 0.7% VS 2023
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 21% VS 2023
▲ 100% VS 2023
▼ 0.8% VS 2023
▼ 0.6% VS 2023
There were 35 townhome listings in New Westminster in March, 25% above February and 21% higher than March 2023. March townhome sales increased by 100% month-over-month, to 10, and were 100% above March 2023. The sales-to-listing ratio for townhomes in New Westminster, at 29%, reflected a sellers' market. The townhome median price in March was $989,000, a 3% decrease from February and 0.6% below March 2023. The average sold price was $954,200, 7% below last month; the average PSF sale price was $658, up 2.0% to last month.
THIS MONTH No.
PREVIOUS MONTH
PREVIOUS YEAR
No.
% Change
No.
% Change
TOTAL INVENTORY TOTAL SALES SALES-LISTINGS RATIO MEDIAN SOLD PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
10 35
$663 $961,900 $995,000 17% 5 29
-0.7% -0.8% -0.6% 66% 100% 21%
$646 $1,020,600 $1,015,000 18% 5 28
2% -7% -3% 60% 100% 25%
$658 $954,200 $989,000 29%
▶ AVG PRICE PER SQUARE FOOT
▶ RECENT TRENDS
● MAR 2023 ● MAR 2024
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
35
29
29
29
26
26
25
28
24
19
17
21
21
20
17
10
6
10
5
3
3
7
6
5
5
$1.01M
$1.00M
$995K
$990K
$995K
$989K
$968K
$955K
$945K
$930K
$905K
$900K
$811K
NEW WESTMINSTER
REBGV
▶ NUMBER OF BEDROOMS
▶ TOTAL LISTINGS & SALES BY PRICE RANGE
SELLERS' MARKET 21% +
BALANCED 12 - 20%
BUYERS' MARKET <12%
● SALES ● TOTAL INVENTORY
● SALES ● TOTAL INVENTORY ● S-L RATIO
16
100%
3
14
4+ bdrms
4
12
10
4
3 bdrms
8
21
6
33%
27% 25%
2
4
2 bdrms
9
2
0
1 1
<2 bdrms
<$600K $600K-799K $800K-999K $1.0M-1.24M $1.25M-1.49M $1.5M-1.99M $2.0M-2.49M $2.5M+
S-L RATIO SALES INVENTORY
2 2 100%
3 0 n/a
9 3 33%
15 4 27%
4 1 25%
2 0 n/a
Copyright © 2024 rennie group of companies. All rights reserved. This material may not be reproduced or distributed, in whole or in part, without the prior written permission of the rennie group of companies. Current as of April 10, 2024. All data from Greater Vancouver REALTORS®, Fraser Valley Real Estate Board, Whistler Listings System, and rennie. While the information and data contained herein has been obtained from sources deemed reliable, accuracy cannot be guaranteed. rennie group of companies does not assume responsibility or liability for any inaccuracies. The recipient of the information should take steps as the recipient may deem necessary to verify the information prior to placing any reliance upon the information. The information contained within this report should not be used as an opinion of value, such opinions should and can be obtained from a rennie and associates advisor. All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies. E.&O.E. 30 ●
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