new w estm inster CONDO -MAY 2023
SALES TO LISTINGSRATIO 75% SELLERS'M ARKET
▶ MARKETSUMMARY
AVERAGEPRICE
AVERAGE PSF PRICE ▲ 0.1% VS 2022
MEDIAN PRICE
TOTALLISTINGS
SALES
▲ 4% VS 2022
▲ 3% VS 2022
▼ 26% VS 2022
▲ 18% VS 2022
Therewere130 condolistingsin N ew W estm insterin M ay,2% aboveApriland 26% lowerthan M ay2022.
M aycondosalesincreased by35% m onth-over-m onth,to 97,and were18% aboveM ay2022.
THISMONTH No.
PREVIOUSMONTH
PREVIOUSYEAR
No.
% Change
No.
% Change
Thesales-to-listing ratio forcondosin N ew W estm inster, at75% ,reflected aselers'm arket.
TOTALLISTINGS TOTALSALES
$722 $667,771 $649,000 75% 97 130
$721 $640,984 $630,000 47% 82 175
0.1% 4% 3% 59% 18% -26%
$709 $632,476 $610,250 57% 72 127
1.9% 6% 6% 32% 35% 2%
Thecondom edian pricein M aywas$649,000,a6% increasefrom Apriland 3% aboveM ay2022. Theaveragesold pricewas$667,771,6% abovelast m onth;theaveragePSF salepricewas$722,up 1.9% to lastm onth.
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF
▶ AVG PRICEPERSQUAREFOOT
▶ RECENTTRENDS
● MAY 202 ● MAY 2023
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
175
171
171
168
165
161 161
128
127
130
122
121
19
97
81
76
82
59
72
62
36
52
51
48
44
26
$630K $590K
$631K
$610K $649K
$598K $602K $586K
$583K
$575K $555K
$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
60
100%
97%
4+ bdrms
50
77%
40
8
59%
3 bdrms
11
30
20
61
25%
2 bdrms
17%
83
10
0
28
<$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 1 17%
37 36 97%
62 48 77%
17 10 59%
3 0 n/a
4 1 25%
1 1 100%
36
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