newwestminster CONDO-JANUARY 202
SALESTO LISTINGSRATIO 91% SELLERS'MARKET
▶ MARKETSUMMARY Therewere80condolistingsinNewWestminsterin January,27%belowDecemberand68%lowerthan January2021. Januarycondosalesdecreasedby24% month-over-month,to73,andwere11%aboveJanuary 2021. Thesales-to-listingratioforcondosinNewWestminster, at91%,reflectedaselers'market. ThecondomedianpriceinJanuarywas$613,777,a8% changefromDecemberand14%aboveJanuary2021. Theaveragesoldpricewas$630,474,9%abovelast month;theaveragePSFsalepricewas$680,up0.7%to lastmonth.
AVERAGEPRICE
AVERAGE PSFPRICE ▲ 14% VS2021
MEDIANPRICE
TOTALLISTINGS
SALES
▲ 16% VS2021
▲ 14% VS2021
▼ 68% VS2021
▲ 11% VS2021
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No.
%Change
No.
%Change
TOTALLISTINGS TOTALSALES
73 80
$599 $543,870 $537,500 27% 66 248
14% 16% 14% 243% 11% -68%
$675 $577,847 $570,000 87% 96 110
0.7% 9% 8% 5% -24% -27%
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF
$680 $630,474 $613,777 91%
▶ AVGPRICEPERSQUAREFOOT
▶ RECENTTRENDS
● JAN 2021 ● JAN 202
● SALES ● TOTALINVENTORY ● MEDIANPRICE
235
241
248
243
239
174 227
228
225
225
179
209
129
129
18
12
10
136
11
106
105
102
96
80
73
66
$614K
$572K
$570K
$565K
$561K
$555K
$558K
$550K
$550K
$540K
$538K
$538K
$519K
NEWWESTMINSTER REBGV
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELERS'MARKET 21%+
BALANCED 12-20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-LRATIO
30
100%+ 100%
100%
4+bdrms
25
90%
20
4
3bdrms
15
11
50%
10
51
2bdrms
55
5
0
18
<$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
4 7 175%
26 26 100%
29 26 90%
13 13 100%
2 1 50%
5 0 n/a
1 0 n/a
14
Copyright©February8,202renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofFebruary8,202.AldatafromRealEstateBoardofGreater VancouverandFraserValey&Renie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipientoftheinformationshould takestepsastherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfromarennieandasociatesadvisor.Al informationissubjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromreniegroupofcompanies.E.&O.E. 28 ●
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