new w estm inster TOWNHOME-MAY 2023
SALES TO LISTINGSRATIO 38% SELLERS'M ARKET
▶ MARKETSUMMARY
AVERAGEPRICE
AVERAGE PSF PRICE ▼ 3% VS 2022
MEDIAN PRICE
TOTALLISTINGS
SALES
▼ 7% VS 2022
▼ 1.8% VS 2022
▼ 16% VS 2022
▼ 17% VS 2022
Therewere26 townhom elistingsin N ew W estm insterin M ay,44% aboveApriland 16% lowerthan M ay2022. M aytownhom esalesdecreased by47% m onth-over-m onth,to10,and were17% below M ay 2022. Thesales-to-listing ratio fortow nhom esin N ew W estm inster,at38% ,reflected aselers'm arket. Thetownhom em edian pricein M aywas$990,000,a6% increasefrom Apriland 1.8% below M ay2022. Theaveragesold pricewas$936,850,1.2% abovelast m onth;theaveragePSF salepricewas$689,up 1.7% to lastm onth.
THISMONTH No.
PREVIOUSMONTH
PREVIOUSYEAR
No.
% Change
No.
% Change
TOTALLISTINGS TOTALSALES
10 26
12 31
-1.8% -0.6% -17% -16%
19 18
1.7% 1.2% 6% -64% -47% 44%
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF
$689 $936,850 $990,000 38%
$709 $1,004,225 $1,008,500 39%
$677 $925,832 $930,000 106%
-3% -7%
▶ AVG PRICEPERSQUAREFOOT
▶ RECENTTRENDS
● MAY 202 ● MAY 2023
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
31
31
29
32
28
28
26
25
22
23
19
15
19
18
12
13
7
10
8
7
3
2
5
4 4
$1.03M
$1.01M $970K $1.00M
$950K
$925K $958K $970K $995K $930K $990K
$863K
$822K
NEW W ESTMINSTER REBGV
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21% +
BALANCED 12 - 20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-L RATIO
14
100%
4+ bdrms
12
6
10
71%
7
3 bdrms
8
12
6
33%
3
4
21%
2 bdrms
7
2
0
<2 bdrms
<$400K $400-599K $600-799K $800-999K $1.0M -1.24M $1.25M -1.49M $1.5M -1.99M $2M +
1
S-L RATIO SALES INVENTORY
1 1 100%
3 1 33%
14 3 21%
7 5 71%
1 0 n/a
Copyright© June5,2023renniegroupofcom panies.Alrightsreserved.Thism aterialm aynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenperm is ionoftherenniegroupofcom panies.CurentasofJune5,2023.Aldatafrom RealEstateBoardofGreaterVancouverand FraserValey& Rennie.W hiletheinform ationanddatacontainedhereinhasbe nobtainedfrom sourcesde m edreliable,ac uracycannotbeguarante d.renniegroupofcom paniesdoesnotas um eresponsibiltyorliabiltyforanyinac uracies.Therecipientoftheinform ationshouldtakestepsas therecipientm ayde m neces arytoverifytheinform ationpriortoplacinganyrelianceupontheinform ation.Theinform ationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfrom arennieandas ociatesadvisor.Alinform ationis subjecttochangeandanypropertym aybewithdrawnfrom them arketatanytim ewithoutnoticeorobligationtotherecipientfrom ren iegroupofcom panies.E.&O.E. 30 ●
Made with FlippingBook - professional solution for displaying marketing and sales documents online