newwestminster CONDO-APRIL 202
SALESTO LISTINGSRATIO 77% SELLERS'MARKET
▶ MARKETSUMMARY
AVERAGEPRICE
AVERAGE PSFPRICE ▲ 24% VS2021
TOTALLISTINGS
MEDIANPRICE
SALES
▲ 19% VS2021
▲ 17% VS2021
▼ 41% VS2021
▼ 25% VS2021
Therewere133condolistingsinNewWestminsterin April,12%aboveMarchand41%lowerthanApril2021.
Aprilcondosalesdecreasedby32%month-over-month, to102,andwere25%belowApril2021.
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No. 60% 136 225
%Change
No. 149 119
%Change
Thesales-to-listingratioforcondosinNewWestminster, at77%,reflectedaselers'market.
TOTALLISTINGS TOTALSALES
77% 102 133
24% 19% 17% 27% -25% -41%
0.7% -0.2% -7% -39% -32% 12%
ThecondomedianpriceinAprilwas$630,000,a7% decreasefromMarchand17%aboveApril2021. Theaveragesoldpricewas$662,877,0.2%belowlast month;theaveragePSFsalepricewas$760,up0.7%to lastmonth.
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF
$754 $663,882 $675,000 125%
$760 $662,877 $630,000
$613 $556,409 $537,750
▶ AVGPRICEPERSQUAREFOOT
▶ RECENTTRENDS
● APR 2021 ● APR 202
● SALES ● TOTALINVENTORY ● MEDIANPRICE
241
225
239
235
228
225
209
179
149
129
129
136
18
133
12
10
104
19
80
106
104
102
102
96
95
73
$675K
$641K
$630K
$614K
$570K
$564K
$561K
$555K
$558K
$550K
$550K
$538K
$519K
NEWWESTMINSTER REBGV
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELERS'MARKET 21%+
BALANCED 12-20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-LRATIO
60
1
100%+
100%+
100%
4+bdrms
89%
50
40
67%
63%
6
3bdrms
14
30
20
57
2bdrms
17%
92
10
0
38
<$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
1 2 200%
46 41 89%
60 38 63%
16 17 106%
3 2 67%
6 1 17%
1 1 100%
27
Copyright©May5,202renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofMay5,202.AldatafromRealEstateBoardofGreaterVancouverand FraserValey&Rennie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipientoftheinformationshouldtakestepsas therecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfromarennieandasociatesadvisor.Alinformationis subjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromrenniegroupofcompanies.E.&O.E. 28 ●
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