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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