newwestminster DETACHED-APRIL 202
SALESTO LISTINGSRATIO 27% SELLERS'MARKET
▶ MARKETSUMMARY
AVERAGEPRICE
MEDIANPRICE
SALES
TOTALLISTINGS
▲ 32% VS2021
▲ 27% VS2021
▼ 13% VS2021
▼ 36% VS2021
Therewere84detachedlistingsinNewWestminsterin April,24%aboveMarchand13%lowerthanApril2021. Aprildetachedhomesalesdecreasedby21% month-over-month,to23,andwere36%belowApril 2021. Thesales-to-listingratiofordetachedinNew Westminster,at27%,reflectedaselers'market.
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No.
%Change
No.
%Change
TOTALLISTINGS TOTALSALES
23 84
36 96
32% 27% -27% -36% -13%
29 68
-0.9% 4% -36% -21% 24%
ThedetachedmedianpriceinAprilwas$1,703,000,a4% increasefromMarchand27%aboveApril2021.
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE
$1,839,863 $1,703,000 27%
$1,856,647 $1,640,000 43%
$1,396,219 $1,344,000 38%
Theaveragesoldpricewas$1,839,863,0.9%belowlast monthandup32%toApril2021.
▶ RATIOOFMEDIANPRICES
▶ RECENTTRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTALINVENTORY ● MEDIANPRICE
96
84
94
78
1.72
68
75
1.62
1.591.53
1.57
1.54
56
67
63
60
48
45
44
32
36
29
41 21
29
28
29
23
23
21
18
14
$1.70M
$1.70M
$1.64M $1.68M
$1.61M
$1.60M
$1.50M
$1.40M
$1.36M
$1.35M
$1.34M
$1.33M
$1.33M
Apr-21
Mar-22
Apr-22
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELERS'MARKET 21%+
BALANCED 12-20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY ● S-LRATIO
30
100%
25
20
15
50%
33%
10
23%
5
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
1 0 n/a
2 2 100%
22 5 23%
30 10 33%
18 2 11%
8 4 50%
3 0 n/a
Copyright©May5,202renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofMay5,202.AldatafromRealEstateBoardof GreaterVancouverandFraserValey&Renie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.reniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipient oftheinformationshouldtakestepsastherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtained fromarennieandasociatesadvisor.Alinformationissubjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromrenniegroupofcompanies.E.&O.E.
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