new w estm inster CONDO -JUNE 2023
SALES TO LISTINGSRATIO 55% SELLERS'M ARKET
▶ MARKETSUMMARY
AVERAGEPRICE
AVERAGE PSF PRICE ▲ 1.1% VS 2022
MEDIAN PRICE
TOTALLISTINGS
SALES
▲ 5% VS 2022
▲ 4% VS 2022
▼ 8% VS 2022
▲ 1.2% VS 2022
Therewere148 condolistingsin N ew W estm insterin June,14% aboveM ayand 8% lowerthan June2022.
Junecondo salesdecreased by15% m onth-over-m onth, to82,and were1.2% aboveJune2022.
THISMONTH No.
PREVIOUSMONTH
PREVIOUSYEAR
No.
% Change
No.
% Change
Thesales-to-listing ratio forcondosin N ew W estm inster, at55% ,reflected aselers'm arket.
TOTALLISTINGS TOTALSALES
$715 $638,074 $612,500 55% 82 148
$707 $607,912 $590,000 50% 81 161
1.1% 5% 4% 10% 1.2% -8%
$722 $667,771 $649,000 75% 97 130
-26% -15% 14%
Thecondom edian pricein Junewas$612,500,a6% decreasefrom M ayand 4% aboveJune2022. Theaveragesold pricewas$638,074,4% below last m onth;theaveragePSF salepricewas$715,down 1.0% tolastm onth.
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF
-1% -4% -6%
▶ AVG PRICEPERSQUAREFOOT
▶ RECENTTRENDS
● JUN 202 ● JUN 2023
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
161
171
171
168
165
161
148
130
128
127
122
121
19
97
76
82
81
59
72
62
36
52
51
48
44
26
$649K $613K
$631K
$598K $602K $586K
$590K $562K $602K
$583K $610K
$575K $555K
NEW W ESTMINSTER REBGV
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21% +
BALANCED 12 - 20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-L RATIO
60
50
4+ bdrms
1
40
73%
64%
5
3 bdrms
30
13
20
33%
33%
47
2 bdrms
88
10
11%
0
30
<$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
6 2 33%
49 36 73%
56 36 64%
21 7 33%
5 0 n/a
9 1 11%
1 0 n/a
1 0 n/a
46
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