newwestminster CONDO-OCTOBER 2021
SALESTO LISTINGSRATIO 56% SELLERS'MARKET
▶ MARKETSUMMARY Therewere209condolistingsinNewWestminsterin October,13%belowSeptemberand41%lowerthan October2020. Octobercondosalesincreasedby12% month-over-month,to118,andwere7%aboveOctober 2020. Thesales-to-listingratioforcondosinNewWestminster, at56%,reflectedaselers'market. ThecondomedianpriceinOctoberwas$560,500,a0.8% decreasefromSeptemberand8%aboveOctober2020. Theaveragesoldpricewas$588,237,0.7%belowlast month;theaveragePSFsalepricewas$636,down3%to lastmonth.
AVERAGEPRICE
AVERAGE PSFPRICE ▲ 5% VS2020
MEDIANPRICE
TOTALLISTINGS
SALES
▲ 8% VS2020
▲ 8% VS2020
▼ 41% VS2020
▲ 7% VS2020
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No. 31% 110 353
%Change
No. 44% 105 241
%Change
TOTALLISTINGS TOTALSALES
56% 118 209
5% 8% 8% 81% 7% -41%
-3% -0.7% -0.8% 30% 12% -13%
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF
$636 $588,237 $560,500
$658 $592,166 $565,000
$604 $543,135 $519,375
▶ AVGPRICEPERSQUAREFOOT
▶ RECENTTRENDS
● OCT 2020 ● OCT 2021
● SALES ● TOTALINVENTORY ● MEDIANPRICE
353
329
248
243
241
239
235
227
236
209
228
225
225
174
129
112
103
18
136
10
11
106
105
102
79
66
$572K
$565K
$561K
$550K
$555K
$550K
$538K
$540K
$538K
$519K
$516K
$519K
$495K
NEWWESTMINSTER REBGV
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELERS'MARKET 21%+
BALANCED 12-20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-LRATIO
100
100%+
100%
4+bdrms
80
1
66% 63%
60
9
3bdrms
22
40
75
2bdrms
20
15%
139
0
34
<$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
12 15 125%
94 62 66%
52 33 63%
39 6 15%
6 0 n/a
5 0 n/a
1 1 100%
0 1 n/a
47
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