newwestminster CONDO-MARCH 202
SALESTO LISTINGSRATIO 125% SELLERS'MARKET
▶ MARKETSUMMARY Therewere119condolistingsinNewWestminsterin March,25%aboveFebruaryand48%lowerthanMarch 2021. Marchcondosalesincreasedby43%month-over-month, to149,andwere14%belowMarch2021.
AVERAGEPRICE
AVERAGE PSFPRICE ▲ 20% VS2021
MEDIANPRICE
TOTALLISTINGS
SALES
▲ 14% VS2021
▲ 18% VS2021
▼ 48% VS2021
▼ 14% VS2021
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No. 77% 174 227
%Change
No.
%Change
Thesales-to-listingratioforcondosinNewWestminster, at125%,reflectedaselers'market.
TOTALLISTINGS TOTALSALES
149 119
20% 14% 18% 63% -14% -48%
$724 $645,833 $640,500 109% 104 95
14% 43% 25%
ThecondomedianpriceinMarchwas$675,000,a5% increasefromFebruaryand18%aboveMarch2021. Theaveragesoldpricewas$663,882,3%abovelast month;theaveragePSFsalepricewas$754,up4%to lastmonth.
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF
$754 $663,882 $675,000 125%
4% 3% 5%
$627 $580,927 $572,450
▶ AVGPRICEPERSQUAREFOOT
▶ RECENTTRENDS
● MAR 2021 ● MAR 202
● SALES ● TOTALINVENTORY ● MEDIANPRICE
241
227
239
235
228
225
225
209
179
174
149
129
129
18
12
10
136
19
104
80
106
104
102
96
95
73
$675K
$641K
$614K
$572K
$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
70
100%+ 100%+ 100%+ 100%
60
4+bdrms
1
50
67%
11
40
3bdrms
13
30
20
88
2bdrms
70
10
0
50
<$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
6 4 67%
43 50 116%
50 67 134%
10 25 250%
3 3 100%
5 0 n/a
2 0 n/a
35
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