newwestminster DETACHED-NOVEMBER 2021
SALESTO LISTINGSRATIO 41% SELLERS'MARKET
▶ MARKETSUMMARY
AVERAGEPRICE
MEDIANPRICE
TOTALLISTINGS
SALES
▲ 22% VS2020
▲ 31% VS2020
▼ 25% VS2020
▼ 21% VS2020
Therewere56detachedlistingsinNewWestminsterin November,7%belowOctoberand25%lowerthan November2020. Novemberdetachedhomesalesdecreasedby18% month-over-month,to23,andwere21%below November2020. Thesales-to-listingratiofordetachedinNew Westminster,at41%,reflectedaselers'market. ThedetachedmedianpriceinNovemberwas $1,500,000,a7%increasefromOctoberand31%above November2020. Theaveragesoldpricewas$1,537,474,5%abovelast monthandup22%toNovember2020.
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No.
%Change
No.
%Change
TOTALLISTINGS TOTALSALES
23 56
29 75
22% 31% 6% -21% -25%
28 60
-12% -18% -7%
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE
$1,537,474 $1,500,000 41%
$1,469,179 $1,404,000 47%
$1,260,132 $1,148,000 39%
5% 7%
▶ RATIOOFMEDIANPRICES
▶ RECENTTRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTALINVENTORY ● MEDIANPRICE
96
94
81
78
75
1.81
75
1.65
67
1.59
63
56
1.52
60
1.48
46
44
53
1.40
48
29
28
37
36
29
31
29
23
24
21
21
14
$1.61M
$1.50M
$1.40M
$1.36M
$1.35M
$1.35M $1.31M
$1.34M
$1.33M
$1.33M
$1.27M
$1.15M
$1.14M
Nov-20
Oct-21
Nov-21
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELERS'MARKET 21%+
BALANCED 12-20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY ● S-LRATIO
100%
15
10
56%
50%
38%
33%
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-LRATIO SALES INVENTORY
2 2 100%
8 3 38%
18 6 33%
16 9 56%
6 3 50%
5 0 n/a
1 0 n/a
Copyright©December6,2021renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofDecember6,2021.AldatafromRealEstate BoardofGreaterVancouverandFraserValey&Rennie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycanotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.The recipientoftheinformationshouldtakestepsastherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbe obtainedfromarennieandasociatesadvisor.Alinformationissubjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromrenniegroupofcompanies.E.&O.E.
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