new w estm inster DETACHED -OCTOBER 202
SALES TO LISTINGSRATIO 10% BUYERS'M ARKET
▶ MARKETSUMMARY Therew ere 89 detached listingsin N ew W estm insterin O ctober,1.1% aboveSeptem berand 48% higherthan October2021. O ctoberdetached hom esalesrem ained the sam e m onth-over-m onth,at9,and were68% below O ctober 2021. Thesales-to-listing ratio fordetached in N ew W estm inster,at10% ,reflected abuyers'm arket. Thedetachedm edian pricein Octoberwas$1,320,000,a 4% decreasefrom Septem berand 6% below O ctober 2021. Theaveragesold pricewas$1,344,556,13% below last m onth and down 8% toOctober2021.
AVERAGEPRICE
MEDIAN PRICE
TOTALLISTINGS
SALES
▼ 8% VS 2021
▼ 6% VS 2021
▲ 48% VS 2021
▼ 68% VS 2021
THISMONTH No. $1,344,556 $1,320,000 10% 9 89
PREVIOUSYEAR
PREVIOUSMONTH
No.
% Change
No.
% Change
TOTALLISTINGS TOTALSALES
28 60
-78% -68% 48%
$1,539,222 $1,374,000 10% 9 88
-13% -4% -1.1% 0% 1.1%
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE
$1,469,179 $1,404,000 47%
-8% -6%
▶ RATIO OFMEDIAN PRICES
▶ RECENTTRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
84
89
90
88
88
87
84
1.79
68
1.71
1.65
56
60
1.52
48
45
1.39
1.33
32
41 21
29
28
20
23
23
12
18
9
13
1
9
$1.60M $1.70M $1.68M $1.64M $1.70M
$1.48M
$1.47M $1.55M
$1.40M $1.50M
$1.37M $1.32M
$1.34M
Oct-21
Sep-22
Oct-22
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21% +
BALANCED 12 - 20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY ● S-L RATIO
30
25
20
15
40%
10
18%
5
7%
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-L RATIO SALES INVENTORY
1 0 n/a
5 2 40%
28 5 18%
28 2 7%
15 0 n/a
6 0 n/a
6 0 n/a
Copyright© Novem ber7,202 renniegroupofcom panies.Alrightsreserved.Thism aterialm aynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenperm is ionoftherenniegroupofcom panies.CurentasofNovem ber7,202 .Aldatafrom RealEstate BoardofGreaterVancouverandFraserValey& Rennie.W hiletheinform ationanddatacontainedhereinhasbe nobtainedfrom sourcesde m edreliable,ac uracycan otbeguarante d.renniegroupofcom paniesdoesnotas um eresponsibiltyorliabiltyforanyinac uracies.The recipientoftheinform ationshouldtakestepsastherecipientm ayde m neces arytoverifytheinform ationpriortoplacinganyrelianceupontheinform ation.Theinform ationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbe obtainedfrom arennieandas ociatesadvisor.Alinform ationissubjecttochangeandanypropertym aybewithdrawnfrom them arketatanytim ewithoutnoticeorobligationtotherecipientfrom renniegroupofcom panies.E.&O.E.
●
29
Made with FlippingBook - professional solution for displaying marketing and sales documents online