newwestminster TOWNHOME-MARCH 202
SALESTO LISTINGSRATIO 167% SELLERS'MARKET
▶ MARKETSUMMARY Therewere15townhomelistingsinNewWestminsterin March,35%belowFebruaryand6%lowerthanMarch 2021. Marchtownhomesalesincreasedby39% month-over-month,to25,andwerethesameinMarch 2021. Thesales-to-listingratiofortownhomesinNew Westminster,at167%,reflectedaselers'market. ThetownhomemedianpriceinMarchwas$1,030,000,a 5%increasefromFebruaryand34%aboveMarch2021. Theaveragesoldpricewas$1,032,960,5%abovelast month;theaveragePSFsalepricewas$713,down3%to lastmonth.
AVERAGEPRICE
AVERAGE PSFPRICE ▲ 22% VS2021
MEDIANPRICE
TOTALLISTINGS
SALES
▲ 32% VS2021
▲ 34% VS2021
▼ 6% VS2021
- VS2021
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No.
%Change
No.
%Change
TOTALLISTINGS TOTALSALES
25 15
25 16
22% 32% 34% 7% 0% -6%
18 23
-3% 5% 5% 113% 39% -35%
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF
$713 $1,032,960 $1,030,000 167%
$586 $783,108 $767,900 156%
$739 $980,161 $983,750 78%
▶ AVGPRICEPERSQUAREFOOT
▶ RECENTTRENDS
● MAR 2021 ● MAR 202
● SALES ● TOTALINVENTORY ● MEDIANPRICE
40
36
30
25
25
23
23
25
21 21
20
19
19
17 17
21
19
16
18
18
16
15
14
9
7
5
$1.03M $984K
$960K
$930K
$897K
$880K
$875K
$865K
$842K
$851K
$830K
$828K
$768K
NEWWESTMINSTER REBGV
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELERS'MARKET 21%+
BALANCED 12-20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-LRATIO
12
3
100%
100%+
100%
4+bdrms
10
2
8
17
3bdrms
10
6
4
3 3
2bdrms
2
0
2
<$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 3 n/a
7 7 100%
5 12 240%
3 3 100%
Copyright©April7,202renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionofthereniegroupofcompanies.CurentasofApril7,202.AldatafromRealEstateBoardofGreaterVancouverand FraserValey&Renie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.reniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipientoftheinformationshouldtakestepsas therecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfromarennieandasociatesadvisor.Alinformationis subjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromreniegroupofcompanies.E.&O.E. 27 ●
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