newwestminster TOWNHOME-OCTOBER 2021
SALESTO LISTINGSRATIO 68% SELLERS'MARKET
▶ MARKETSUMMARY
AVERAGEPRICE
AVERAGE PSFPRICE ▲ 15% VS2020
MEDIANPRICE
TOTALLISTINGS
SALES
▲ 24% VS2020
▲ 15% VS2020
▼ 54% VS2020
▼ 19% VS2020
Therewere25townhomelistingsinNewWestminsterin October,19%aboveSeptemberand54%lowerthan October2020. Octobertownhomesalesincreasedby89% month-over-month,to17,andwere19%belowOctober 2020. Thesales-to-listingratiofortownhomesinNew Westminster,at68%,reflectedaselers'market. ThetownhomemedianpriceinOctoberwas$851,000,a 8%decreasefromSeptemberand15%aboveOctober 2020. Theaveragesoldpricewas$866,022,2%abovelast month;theaveragePSFsalepricewas$659,up2%to lastmonth.
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No.
%Change
No.
%Change
TOTALLISTINGS TOTALSALES
17 25
21 54
15% 24% 15% 75% -19% -54%
$645 $846,167 $929,900 43% 9 21
2% 2% -8% 59% 89% 19%
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF
$659 $866,022 $851,000 68%
$573 $696,937 $739,900 39%
▶ AVGPRICEPERSQUAREFOOT
▶ RECENTTRENDS
● OCT 2020 ● OCT 2021
● SALES ● TOTALINVENTORY ● MEDIANPRICE
54
40
43
36
31
30
33 21
25
24
25
21
21
19
19
21
17
21
21
19
19
18
16
16
13
9
$930K
$875K
$880K
$865K
$851K
$842K
$830K
$768K
$750K
$740K
$730K
$722K
$688K
NEWWESTMINSTER REBGV
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELERS'MARKET 21%+
BALANCED 12-20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-LRATIO
10
2
100%+
4+bdrms
4
8
7
6
3bdrms
11
50%
50%
4
8
2bdrms
2
9
0
<$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 0 n/a
10 5 50%
6 10 167%
4 2 50%
4 0 n/a
1
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