newwestminster DETACHED-OCTOBER 2021
SALESTO LISTINGSRATIO 47% SELLERS'MARKET
▶ MARKETSUMMARY Therewere60detachedlistingsinNewWestminsterin October,23%belowSeptemberand37%lowerthan October2020. Octoberdetachedhomesalesincreasedby100% month-over-month,to28,andwere22%belowOctober 2020. Thesales-to-listingratiofordetachedinNew Westminster,at47%,reflectedaselers'market. ThedetachedmedianpriceinOctoberwas$1,404,000,a 4%increasefromSeptemberand15%aboveOctober 2020. Theaveragesoldpricewas$1,469,179,10%abovelast monthandup18%toOctober2020.
AVERAGEPRICE
MEDIANPRICE
TOTALLISTINGS
SALES
▲ 18% VS2020
▲ 15% VS2020
▼ 37% VS2020
▼ 22% VS2020
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No.
%Change
No.
%Change
TOTALLISTINGS TOTALSALES
28 60
36 95
18% 15% 23% -22% -37%
14 78
160% 100% -23%
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE
$1,469,179 $1,404,000 47%
$1,333,614 $1,353,500 18%
$1,248,133 $1,216,000 38%
10% 4%
▶ RATIOOFMEDIANPRICES
▶ RECENTTRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTALINVENTORY ● MEDIANPRICE
95
96
94
81
78
75
1.65
1.64
1.65
75
1.52
1.46
67
1.42
63
60
46
44
53
48
36
29
28
37
36
31
29
29
24
21
21
14
$1.61M
$1.40M
$1.36M
$1.35M
$1.35M $1.31M
$1.34M
$1.33M
$1.33M
$1.27M
$1.22M
$1.15M
$1.14M
Oct-20
Sep-21
Oct-21
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELERS'MARKET 21%+
BALANCED 12-20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY ● S-LRATIO
15
87%
67%
10
44%
38%
5
17%
11%
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
3 2 67%
8 3 38%
15 13 87%
18 8 44%
9 1 11%
6 1 17%
1 0 n/a
Copyright©November8,2021renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofNovember8,2021.AldatafromRealEstate BoardofGreaterVancouverandFraserValey&Rennie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycanotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.The recipientoftheinformationshouldtakestepsastherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbe obtainedfromarennieandasociatesadvisor.Alinformationissubjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromrenniegroupofcompanies.E.&O.E.
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