new w estm inster TOWNHOME-JUNE 2023
SALES TO LISTINGSRATIO 59% SELLERS'M ARKET
▶ MARKETSUMMARY
AVERAGEPRICE
AVERAGE PSF PRICE ▼ 5% VS 2022
MEDIAN PRICE
TOTALLISTINGS
SALES
▼ 2% VS 2022
▼ 7% VS 2022
▼ 9% VS 2022
▲ 13% VS 2022
Therewere29 townhom elistingsin N ew W estm insterin June,12% aboveM ayand 9% lowerthan June2022. Junetownhom esalesincreased by70% m onth-over-m onth,to17,and were13% aboveJune 2022. Thesales-to-listing ratio fortow nhom esin N ew W estm inster,at59% ,reflected aselers'm arket. Thetownhom em edian pricein Junewas$905,000,a9% decreasefrom M ayand 7% below June2022. Theaveragesold pricewas$929,271,0.8% below last m onth;theaveragePSF salepricewas$706,up 3% to lastm onth.
THISMONTH No.
PREVIOUSMONTH
PREVIOUSYEAR
No.
% Change
No.
% Change
TOTALLISTINGS TOTALSALES
17 29
15 32
-5% -2% -7% 25% 13% -9%
10 26
52% 70% 12%
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF
$706 $929,271 $905,000 59%
$741 $951,140 $970,000 47%
$689 $936,850 $990,000 38%
3% -0.8% -9%
▶ AVG PRICEPERSQUAREFOOT
▶ RECENTTRENDS
● JUN 202 ● JUN 2023
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
31
32
29
28
28
29
26
25
22
23
19
17
15
19
18
13
7
10
8
7
3
2
5
4 4
$1.03M
$970K $1.00M
$950K
$925K $958K $970K $995K $930K $990K
$905K
$863K
$822K
NEW W ESTMINSTER REBGV
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21% +
BALANCED 12 - 20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-L RATIO
14
2
100% 100%
4+ bdrms
12
8
82%
10
7
3 bdrms
8
16
6
7
4
21%
2 bdrms
4
2
0
1 1
<2 bdrms
<$400K $400-599K $600-799K $800-999K $1.0M -1.24M $1.25M -1.49M $1.5M -1.99M $2M +
S-L RATIO SALES INVENTORY
1 1 100%
2 2 100%
11 9 82%
14 3 21%
0 2 n/a
1 0 n/a
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