new w estm inster DETACHED -JUNE 2023
SALES TO LISTINGSRATIO 19% BALANCEDMARKET
▶ MARKETSUMMARY
AVERAGEPRICE
MEDIAN PRICE
TOTALLISTINGS
SALES
▲ 29% VS 2022
▲ 29% VS 2022
▲ 10% VS 2022
▲ 46% VS 2022
Therew ere 99 detached listingsin N ew W estm insterin June,16% aboveM ayand 10% higherthan June2022. Junedetached hom esalesdecreased by37% m onth-over-m onth,to19,and were46% aboveJune 2022. Thesales-to-listing ratio fordetached in N ew W estm inster,at19% ,reflected abalanced m arket.
THISMONTH No.
PREVIOUSMONTH
PREVIOUSYEAR
No.
% Change 29% 29% 33% 46% 10%
No.
% Change
TOTALLISTINGS TOTALSALES
19 99
13 90
30 85
10% 4% -46% -37% 16%
Thedetachedm edian pricein Junewas$1,730,000,a4% increasefrom M ayand 29% aboveJune2022.
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE
$1,897,421 $1,730,000 19%
$1,723,963 $1,665,000 35%
$1,472,654 $1,341,000 14%
Theaveragesold pricewas$1,897,421,10% abovelast m onth and up 29% toJune2022.
▶ RATIO OFMEDIAN PRICES
▶ RECENTTRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
99
89
88
90
76
87
1.91
85
84
63
74
1.68
1.64
63
63
59
1.53
1.48
1.38
30
17
16
19
12
1
9 9
9
13
19
1
1
$1.67M $1.73M
$1.52M
$1.47M $1.55M
$1.47M $1.55M
$1.37M $1.32M $1.37M
$1.34M
$1.24M $1.23M
22-Jun
23-M ay 23-Jun
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21% +
BALANCED 12 - 20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY ● S-L RATIO
35
30
25
20
15
44%
10
28%
17%
12%
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
3 0 n/a
3 0 n/a
24 4 17%
32 9 28%
17 2 12%
9 4 44%
10 0 n/a
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