new w estm inster DETACHED -MAY 2023
SALES TO LISTINGSRATIO 35% SELLERS'M ARKET
▶ MARKETSUMMARY
AVERAGEPRICE
MEDIAN PRICE
TOTALLISTINGS
SALES
▲ 11% VS 2022
▲ 12% VS 2022
▼ 3% VS 2022
▲ 50% VS 2022
Therew ere 85 detached listingsin N ew W estm insterin M ay,15% aboveApriland 3% lowerthan M ay2022. M ay detached hom esalesincreased by 58% m onth-over-m onth,to30,and were50% aboveM ay 2022. Thesales-to-listing ratio fordetached in N ew W estm inster,at35% ,reflected aselers'm arket.
THISMONTH No.
PREVIOUSMONTH
PREVIOUSYEAR
No.
% Change
No.
% Change
TOTALLISTINGS TOTALSALES
30 85
20 88
11% 12% 55% 50% -3%
19 74
37% 58% 15%
Thedetachedm edian pricein M aywas$1,665,000,a7% increasefrom Apriland 12% aboveM ay2022.
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE
$1,723,963 $1,665,000 35%
$1,593,714 $1,549,000 26%
$1,553,325 $1,482,500 23%
Theaveragesold pricewas$1,723,963,8% abovelast m onth and up 11% toM ay2022.
8% 7%
▶ RATIO OFMEDIAN PRICES
▶ RECENTTRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
88
85
90
89
88
87
76
84
1.68
1.67
63
74
1.60
1.52
1.53
63
63
1.47
59
30
17
16
20
12
1
19
13
1
1
9 9
9
$1.67M
$1.52M
$1.48M
$1.47M $1.55M
$1.47M $1.55M
$1.37M $1.32M $1.37M
$1.34M
$1.24M $1.23M
22-May
23-Apr
23-May
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21% +
BALANCED 12 - 20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY ● S-L RATIO
100%
25
20
15
48%
47%
40%
10
5
10%
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
3 0 n/a
2 2 100%
17 8 47%
27 13 48%
15 6 40%
10 1 10%
10 0 n/a
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