newwestminster TOWNHOME-JANUARY 202
SALESTO LISTINGSRATIO 36% SELLERS'MARKET
▶ MARKETSUMMARY Therewere14townhomelistingsinNewWestminsterin January,100%aboveDecemberand55%lowerthan January2021. Januarytownhomesalesdecreasedby75% month-over-month,to5,andwere62%belowJanuary 2021. Thesales-to-listingratiofortownhomesinNew Westminster,at36%,reflectedaselers'market. ThetownhomemedianpriceinJanuarywas$960,000,a 7%changefromDecemberand40%aboveJanuary2021. Theaveragesoldpricewas$985,980,12%abovelast month;theaveragePSFsalepricewas$740,up14%to lastmonth.
AVERAGEPRICE
AVERAGE PSFPRICE ▲ 39% VS2021
MEDIANPRICE
TOTALLISTINGS
SALES
▲ 35% VS2021
▲ 40% VS2021
▼ 55% VS2021
▼ 62% VS2021
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No.
%Change
No.
%Change
TOTALLISTINGS TOTALSALES
$740 $985,980 $960,000 36% 5 14
13 31
39% 35% 40% -15% -62% -55%
$649 $884,235 $897,450 286% 20 7
-88% -75% 100%
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF
$533 $729,777 $688,000 42%
14% 12% 7%
▶ AVGPRICEPERSQUAREFOOT
▶ RECENTTRENDS
● JAN 2021 ● JAN 202
● SALES ● TOTALINVENTORY ● MEDIANPRICE
40
36
31
30
25
25
23
21
21
20
19
19
17
17
21
21
19
19
14
18
16
16
13
9
7
5
$960K
$930K
$897K
$880K
$875K
$865K
$842K
$851K
$830K
$828K
$768K
$750K
$688K
NEWWESTMINSTER REBGV
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELERS'MARKET 21%+
BALANCED 12-20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-LRATIO
1
100%
8
4+bdrms
2
6
3
3bdrms
4
44%
4
1
2bdrms
2
7
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
3 0 n/a
9 4 44%
1 1 100%
1
Copyright©February8,202renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofFebruary8,202.AldatafromRealEstateBoardofGreater VancouverandFraserValey&Renie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipientoftheinformationshould takestepsastherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfromarennieandasociatesadvisor.Al informationissubjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromreniegroupofcompanies.E.&O.E. 27 ●
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