newwestminster DETACHED-MARCH 202
SALESTO LISTINGSRATIO 43% SELLERS'MARKET
▶ MARKETSUMMARY Therewere68detachedlistingsinNewWestminsterin March,42%aboveFebruaryand16%lowerthanMarch 2021. Marchdetachedhomesalesdecreasedby9% month-over-month,to29,andwere37%belowMarch 2021. Thesales-to-listingratiofordetachedinNew Westminster,at43%,reflectedaselers'market.
AVERAGEPRICE
MEDIANPRICE
TOTALLISTINGS
SALES
▲ 28% VS2021
▲ 21% VS2021
▼ 16% VS2021
▼ 37% VS2021
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No.
%Change
%Change
No.
TOTALLISTINGS TOTALSALES
29 68
46 81
29% 21% -25% -37% -16%
8% -3% -36% -9% 42%
32 48
ThedetachedmedianpriceinMarchwas$1,640,000,a 3%decreasefromFebruaryand21%aboveMarch2021.
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE
$1,719,875 $1,683,000 67%
$1,856,647 $1,640,000 43%
$1,443,319 $1,350,000 57%
Theaveragesoldpricewas$1,856,647,8%abovelast monthandup29%toMarch2021.
▶ RATIOOFMEDIANPRICES
▶ RECENTTRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTALINVENTORY ● MEDIANPRICE
96
94
78
1.76
81
68
1.71
75
1.59
56
67
1.54
1.53
63
48
60
45
44
46
1.34
32
29
41 21
28
36
29
29
23
21
18
14
$1.70M
$1.64M $1.68M
$1.60M
$1.61M
$1.50M
$1.40M
$1.35M
$1.36M
$1.35M
$1.34M
$1.33M
$1.33M
Mar-21
Feb-22
Mar-22
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELERS'MARKET 21%+
BALANCED 12-20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY ● S-LRATIO
30
100%
25
20
67%
62%
15
36%
10
33%
20%
5
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+ 1 1 100%
S-LRATIO SALES INVENTORY
5 1 20%
13 8 62%
28 10 36%
15 5 33%
6 4 67%
Copyright©April7,202renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionofthereniegroupofcompanies.CurentasofApril7,202.AldatafromRealEstateBoardof GreaterVancouverandFraserValey&Renie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycanotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipient oftheinformationshouldtakestepsastherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtained fromarennieandasociatesadvisor.Alinformationissubjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromrenniegroupofcompanies.E.&O.E.
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