new w estm inster CONDO -NOVEMBER 202
SALES TO LISTINGSRATIO 26% SELLERS'M ARKET
▶ MARKETSUMMARY Therewere171 condolistingsin N ew W estm insterin N ovem ber,1.8% aboveO ctoberand 4% lowerthan N ovem ber2021. N ovem bercondosalesdecreased by25% m onth-over-m onth,to44,and were66% below N ovem ber2021. Thesales-to-listing ratio forcondosin N ew W estm inster, at26% ,reflected aselers'm arket. Thecondom edian pricein N ovem berwas$597,500,a 8% increasefrom O ctoberand 7% aboveN ovem ber2021. Theaveragesold pricewas$597,394,4% abovelast m onth;theaveragePSF salepricewas$652,down 3% to lastm onth.
AVERAGEPRICE
AVERAGE PSF PRICE ▲ 0.6% VS 2021
MEDIAN PRICE
TOTALLISTINGS
SALES
▲ 3% VS 2021
▲ 7% VS 2021
▼ 4% VS 2021
▼ 66% VS 2021
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No. 72% 129 179
% Change
No.
% Change
TOTALLISTINGS TOTALSALES
$652 $597,394 $597,500 26% 44 171
0.6% 3% 7% -64% -66% -4%
$672 $576,912 $555,000 35% 59 168
-27% -25% 1.8%
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF
-3% 4% 8%
$648 $581,155 $558,000
▶ AVG PRICEPERSQUAREFOOT
▶ RECENTTRENDS
● NOV 2021 ● NOV 202
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
171
175
179
171
149
168
165
161 161
129
19
10
133
104
81
80
102
96
95
82
59
72
62
44
51
48
$641K $675K
$630K $630K
$602K $575K
$590K $562K
$570K $614K
$558K
$555K $598K
NEW W ESTMINSTER REBGV
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21% +
BALANCED 12 - 20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-L RATIO
70
60
4+ bdrms
1
50
4
40
60%
3 bdrms
18
30
33% 31%
20
27
25%
2 bdrms
96
10
3%
0
13
<$400K $400-599K $600-799K $800-999K $1.0M -1.24M $1.25M -1.49M $1.5M -1.99M $2M +
<2 bdrms
S-L RATIO SALES INVENTORY
5 3 60%
57 19 33%
65 20 31%
3%
4 1 25%
5 0 n/a
1 0 n/a
3 0 n/a
56
31 1
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