the rennie review - May 2022

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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