newwestminster DETACHED-JANUARY 202
SALESTO LISTINGSRATIO 40% SELLERS'MARKET
▶ MARKETSUMMARY Therewere45detachedlistingsinNewWestminsterin January,10%aboveDecemberand22%higherthan January2021. Januarydetachedhomesalesdecreasedby14% month-over-month,to18,andwere14%belowJanuary 2021. Thesales-to-listingratiofordetachedinNew Westminster,at40%,reflectedaselers'market. ThedetachedmedianpriceinJanuarywas$1,695,000,a 6%increasefromDecemberand33%aboveJanuary 2021. Theaveragesoldpricewas$1,767,264,12%abovelast monthandup38%toJanuary2021.
AVERAGEPRICE
MEDIANPRICE
TOTALLISTINGS
SALES
▲ 38% VS2021
▲ 33% VS2021
▲ 22% VS2021
▼ 14% VS2021
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No.
%Change
No.
%Change
TOTALLISTINGS TOTALSALES
18 45
21 37
38% 33% -30% -14% 22%
21 41
12% 6% -22% -14% 10%
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE
$1,767,264 $1,695,000 40%
$1,581,429 $1,600,000 51%
$1,282,195 $1,275,000 57%
▶ RATIOOFMEDIANPRICES
▶ RECENTTRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTALINVENTORY ● MEDIANPRICE
96
94
81
78
1.85
1.78
1.77
75
56
67 63
1.57
1.56
60
46
44
53
45
1.28
29
41 21
28
37
36
31
29
21
18
23
21
14
$1.70M
$1.61M
$1.60M
$1.50M
$1.40M
$1.35M $1.31M
$1.36M
$1.35M
$1.34M
$1.33M
$1.33M
$1.27M
Jan-21
Dec-21
Jan-22
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELERS'MARKET 21%+
BALANCED 12-20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY ● S-LRATIO
100%
15
67%
10
58%
38%
5
12%
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
4 4 100%
17 2 12%
12 7 58%
8 3 38%
3 2 67%
1 0 n/a
Copyright©February8,202renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofFebruary8,202.AldatafromRealEstate BoardofGreaterVancouverandFraserValey&Rennie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycanotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.The recipientoftheinformationshouldtakestepsastherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbe obtainedfromarennieandasociatesadvisor.Alinformationissubjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromrenniegroupofcompanies.E.&O.E.
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