the rennie review - May 2022

newwestminster TOWNHOME-APRIL 202

SALESTO LISTINGSRATIO 39% SELLERS'MARKET

▶ MARKETSUMMARY

AVERAGEPRICE

AVERAGE PSFPRICE ▲ 23% VS2021

TOTALLISTINGS

MEDIANPRICE

SALES

▲ 30% VS2021

▲ 31% VS2021

▼ 14% VS2021

▼ 67% VS2021

Therewere18townhomelistingsinNewWestminsterin April,20%aboveMarchand14%lowerthanApril2021. Apriltownhomesalesdecreasedby72% month-over-month,to7,andwere67%belowApril 2021. Thesales-to-listingratiofortownhomesinNew Westminster,at39%,reflectedaselers'market. ThetownhomemedianpriceinAprilwas$1,085,000,a 5%increasefromMarchand31%aboveApril2021. Theaveragesoldpricewas$1,040,786,0.8%abovelast month;theaveragePSFsalepricewas$723,up1.4%to lastmonth.

THISMONTH No. $723 $1,040,786 $1,085,000 39% 7 18

PREVIOUSYEAR

PREVIOUSMONTH

No.

%Change

No.

%Change

TOTALLISTINGS TOTALSALES

21 21

23% 30% 31% -61% -67% -14%

25 15

1.4% 0.8% 5% -77% -72% 20%

SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF

$587 $801,233 $830,000 100%

$713 $1,032,960 $1,030,000 167%

▶ AVGPRICEPERSQUAREFOOT

▶ RECENTTRENDS

● APR 2021 ● APR 202

● SALES ● TOTALINVENTORY ● MEDIANPRICE

40

36

30

25

25

23

23

21 21

20

19

19

17

17

21

18

19

18

18

16

15

14

9

7

7

5

$1.09M

$1.03M

$984K

$960K

$930K

$897K

$875K

$880K

$865K

$851K

$842K

$830K

$828K

NEWWESTMINSTER REBGV

▶ NUMBEROFBEDROOMS

▶ TOTALLISTINGS&SALESBYPRICERANGE

SELERS'MARKET 21%+

BALANCED 12-20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY

● SALES ● TOTALINVENTORY ● S-LRATIO

8

4+bdrms

2

6

67%

6

3bdrms

12

50%

4

2bdrms

2

4

11%

0

1

<$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

0 1 n/a

1 0 n/a

9 1 11%

6 4 67%

2 1 50%

Copyright©May5,202renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofMay5,202.AldatafromRealEstateBoardofGreaterVancouverand FraserValey&Rennie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipientoftheinformationshouldtakestepsas therecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfromarennieandasociatesadvisor.Alinformationis subjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromrenniegroupofcompanies.E.&O.E. 27 ●

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