new w estm inster TOWNHOME-OCTOBER 202
SALES TO LISTINGSRATIO 13% BALANCEDMARKET
▶ MARKETSUMMARY Therewere31 townhom elistingsin N ew W estm insterin O ctober,24% aboveSeptem berand 24% higherthan October2021. O ctobertownhom esalesdecreased by43% m onth-over-m onth,to 4,and were76% below O ctober 2021. Thesales-to-listing ratio fortow nhom esin N ew W estm inster,at13% ,reflected abalanced m arket. Thetownhom em edian pricein Octoberwas$949,500,a 8% decreasefrom Septem berand 12% aboveO ctober 2021. Theaveragesold pricewas$992,250,6% below last m onth;theaveragePSF salepricewas$705,down 6% to lastm onth.
AVERAGEPRICE
AVERAGE PSF PRICE ▲ 7% VS 2021
MEDIAN PRICE
TOTALLISTINGS
SALES
▲ 15% VS 2021
▲ 12% VS 2021
▲ 24% VS 2021
▼ 76% VS 2021
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No.
% Change
No.
% Change
TOTALLISTINGS TOTALSALES
$705 $992,250 $949,500 13% 4 31
17 25
7% 15% 12% -81% -76% 24%
$748 $1,059,300 $1,029,900 28% 7 25
-54% -43% 24%
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF
$659 $866,022 $851,000 68%
-6% -6% -8%
▶ AVG PRICEPERSQUAREFOOT
▶ RECENTTRENDS
● OCT 2021 ● OCT 202
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
31
32
28
31
25
25
25
23
23
20
18
17
15
18
18
17
13
12
15
14
8
7
7
7
4
5
$1.03M $1.09M
$1.03M
$1.01M $970K $1.00M
$960K $984K
$950K
$863K
$851K $828K $897K
NEW W ESTMINSTER REBGV
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21% +
BALANCED 12 - 20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-L RATIO
4+ bdrms
15
4
3
3 bdrms
10
17
1
5
2 bdrms
17% 17%
10
0
<$400K $400-599K $600-799K $800-999K $1.0M -1.24M $1.25M -1.49M $1.5M -1.99M $2M +
<2 bdrms
S-L RATIO SALES INVENTORY
1 0 n/a
2 0 n/a
18 3 17%
6 1 17%
4 0 n/a
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