newwestminster CONDO-NOVEMBER 2021
SALESTO LISTINGSRATIO 72% SELLERS'MARKET
▶ MARKETSUMMARY Therewere179condolistingsinNewWestminsterin November,14%belowOctoberand46%lowerthan November2020. Novembercondosalesincreasedby9% month-over-month,to129,andwere63%above November2020. Thesales-to-listingratioforcondosinNewWestminster, at72%,reflectedaselers'market. ThecondomedianpriceinNovemberwas$558,000,a 0.4%decreasefromOctoberand8%aboveNovember 2020. Theaveragesoldpricewas$581,167,1.2%belowlast month;theaveragePSFsalepricewas$648,up2.0%to lastmonth.
AVERAGEPRICE
AVERAGE PSFPRICE ▲ 12% VS2020
MEDIANPRICE
TOTALLISTINGS
SALES
▲ 9% VS2020
▲ 8% VS2020
▼ 46% VS2020
▲ 63% VS2020
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No.
%Change
No. 56% 118 209
%Change
TOTALLISTINGS TOTALSALES
72% 129 179
$578 $532,011 $516,000 24% 79 329
12% 9% 8% 200% 63% -46%
2% -1.2% -0.4% 28% 9% -14%
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF
$648 $581,167 $558,000
$636 $588,237 $560,500
▶ AVGPRICEPERSQUAREFOOT
▶ RECENTTRENDS
● NOV 2020 ● NOV 2021
● SALES ● TOTALINVENTORY ● MEDIANPRICE
329
248
243
241
239 235
227
236
228
225
225
174
209
179
129
18
12
129
103
136
11
106
105
102
79
66
$572K
$565K
$561K
$558K
$550K
$555K
$550K
$538K
$540K
$538K
$516K
$519K
$495K
NEWWESTMINSTER REBGV
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELERS'MARKET 21%+
BALANCED 12-20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-LRATIO
70
96% 93%
4+bdrms
60
1
50
75%
7
40
3bdrms
22
30
33%
20
78
23%
2bdrms
14%
116
10
0
44
<$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
16 12 75%
68 65 96%
44 41 93%
40 9 23%
7 1 14%
3 1 33%
1 0 n/a
40
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