the rennie review - December 2021

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

Copyright©December6,2021renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofDecember6,2021.AldatafromRealEstateBoardofGreater VancouverandFraserValey&Renie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipientoftheinformationshould takestepsastherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfromarennieandasociatesadvisor.Al informationissubjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromreniegroupofcompanies.E.&O.E. 27 ●

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