new w estm inster CONDO -OCTOBER 202
SALES TO LISTINGSRATIO 35% SELLERS'M ARKET
▶ MARKETSUMMARY Therewere168 condolistingsin N ew W estm insterin O ctober,1.8% below Septem berand 20% lowerthan October2021. O ctobercondosalesincreased by16% m onth-over-m onth,to 59,and were50% below O ctober 2021. Thesales-to-listing ratio forcondosin N ew W estm inster, at35% ,reflected aselers'm arket. Thecondom edian pricein Octoberwas$555,000,a3% decreasefrom Septem berand 1.0% below O ctober2021. Theaveragesold pricewas$576,912,3% below last m onth;theaveragePSF salepricewas$672,down 5% to lastm onth.
AVERAGEPRICE
AVERAGE PSF PRICE ▲ 6% VS 2021
MEDIAN PRICE
TOTALLISTINGS
SALES
▼ 1.9% VS 2021
▼ 1.0% VS 2021
▼ 20% VS 2021
▼ 50% VS 2021
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No. 56% 118 209
% Change
No.
% Change
TOTALLISTINGS TOTALSALES
$672 $576,912 $555,000 35% 59 168
6% -1.9% -1% -38% -50% -20%
$706 $595,893 $575,000 30% 51 171
18% 16% -1.8%
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF
-5% -3% -3%
$636 $588,237 $560,500
▶ AVG PRICEPERSQUAREFOOT
▶ RECENTTRENDS
● OCT 2021 ● OCT 202
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
209
179
175
171
168
149
165
161 161
129
10
133
18
104
19
80
81
102
96
95
82
72
59
62
51
48
$641K $675K
$630K
$630K $590K
$570K $614K
$575K $555K
$561K $558K
$562K $602K
NEW W ESTMINSTER REBGV
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21% +
BALANCED 12 - 20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-L RATIO
70
4+ bdrms
60
1
83%
50
2
62%
40
3 bdrms
19
30
34%
34
20
2 bdrms
105
10
3%
0
23
<$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
6 5 83%
47 29 62%
71 24 34%
3%
4 0 n/a
5 0 n/a
1 0 n/a
1 0 n/a
43
33 1
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