newwestminster TOWNHOME-NOVEMBER 2021
SALESTO LISTINGSRATIO 135% SELLERS'MARKET
▶ MARKETSUMMARY
AVERAGEPRICE
AVERAGE PSFPRICE ▲ 28% VS2020
MEDIANPRICE
TOTALLISTINGS
SALES
▲ 30% VS2020
▲ 15% VS2020
▼ 60% VS2020
▼ 4% VS2020
Therewere17townhomelistingsinNewWestminsterin November,32%belowOctoberand60%lowerthan November2020. Novembertownhomesalesincreasedby35% month-over-month,to23,andwere4%belowNovember 2020. Thesales-to-listingratiofortownhomesinNew Westminster,at135%,reflectedaselers'market. ThetownhomemedianpriceinNovemberwas$828,000, a3%decreasefromOctoberand15%aboveNovember 2020. Theaveragesoldpricewas$934,022,8%abovelast month;theaveragePSFsalepricewas$662,up0.5%to lastmonth.
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No.
%Change
No.
%Change
TOTALLISTINGS TOTALSALES
23 17
24 43
29% 30% 15% 142% -4% -60%
17 25
0.5% 8% -3% 99% 35% -32%
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF
$662 $934,022 $828,000 135%
$515 $720,165 $722,000 56%
$659 $866,022 $851,000 68%
▶ AVGPRICEPERSQUAREFOOT
▶ RECENTTRENDS
● NOV 2020 ● NOV 2021
● SALES ● TOTALINVENTORY ● MEDIANPRICE
43
40
36
31
30
33
25
25
23
24
21
21
21
19
19
17
21
21
19
19
18
17
16
16
13
9
$930K
$875K
$880K
$865K
$851K
$842K
$830K
$828K
$768K
$750K
$730K
$722K
$688K
NEWWESTMINSTER REBGV
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELERS'MARKET 21%+
BALANCED 12-20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-LRATIO
4
100%+ 100%+ 100%+
8
4+bdrms
1
88%
6
12
3bdrms
6
4
7
2bdrms
2
9
0
<$400K $400-599K $600-799K $800-999K $1.0M-1.24M $1.25M-1.49M $1.5M-1.99M $2M+
<2bdrms
S-LRATIO SALES INVENTORY
1 0 n/a
8 7 88%
5 9 180%
1 4 400%
2 3 150%
1
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