new w estm inster DETACHED -NOVEMBER 202
SALES TO LISTINGSRATIO 22% SELLERS'M ARKET
▶ MARKETSUMMARY Therew ere 76 detached listingsin N ew W estm insterin N ovem ber,15% below O ctoberand 36% higherthan N ovem ber2021. N ovem berdetached hom esalesincreased by89% m onth-over-m onth,to17,and were26% below N ovem ber2021. Thesales-to-listing ratio fordetached in N ew W estm inster,at22% ,reflected aselers'm arket. Thedetached m edian pricein N ovem berwas $1,372,500,a4% increasefrom O ctoberand 9% below N ovem ber2021. Theaveragesold pricewas$1,448,406,8% abovelast m onth and down 6% toN ovem ber2021.
AVERAGEPRICE
MEDIAN PRICE
TOTALLISTINGS
SALES
▼ 6% VS 2021
▼ 9% VS 2021
▲ 36% VS 2021
▼ 26% VS 2021
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No.
% Change
No.
% Change
TOTALLISTINGS TOTALSALES
17 76
23 56
-46% -26% 36%
$1,344,556 $1,320,000 10% 9 89
8% 4% 121% 89% -15%
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE
$1,448,406 $1,372,500 22%
$1,537,474 $1,500,000 41%
-6% -9%
▶ RATIO OFMEDIAN PRICES
▶ RECENTTRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
84
90
89
88
88
87
84
1.81
68
76
1.71
1.67
56
48
1.48
45
1.39
1.38
32
41 21
29
20
23
23
12
17
18
13
1
9 9
$1.60M $1.70M $1.68M $1.64M $1.70M
$1.50M
$1.48M
$1.47M $1.55M
$1.37M $1.32M $1.37M
$1.34M
Nov-21
Oct-22
Nov-22
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21% +
BALANCED 12 - 20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY ● S-L RATIO
20
15
67%
10
27%
24%
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+
S-L RATIO SALES INVENTORY
1 0 n/a
9 6 67%
21 5 24%
22 6 27%
15 0 n/a
4 0 n/a
4 0 n/a
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