new w estm inster DETACHED -DECEMBER 202
SALESTO LISTINGSRATIO 14% BALANCEDMARKET
▶ MARKETSUMMARY Therew ere63 detached listingsin N ew W estm insterin D ecem ber,17% below N ovem berand 54% higherthan D ecem ber2021. D ecem berdetached hom esalesdecreased by 47% m onth-over-m onth,to9,and were57% below D ecem ber 2021. Thesales-to-listing ratio fordetached in N ew W estm inster,at14% ,reflected abalanced m arket. Thedetachedm edian pricein D ecem berwas$1,520,000, a11% increasefrom N ovem berand 5% below D ecem ber 2021. Theaveragesold pricewas$1,590,611,10% abovelast m onth and up 0.6% toD ecem ber2021.
AVERAGEPRICE
MEDIAN PRICE
TOTALLISTINGS
SALES
▲ 0.6% VS2021
▼ 5% VS2021
▲ 54% VS2021
▼ 57% VS2021
THISMONTH No. $1,590,611 $1,520,000 14% 9 63
PREVIOUSYEAR
PREVIOUSMONTH
No.
%Change
%Change
No.
TOTALLISTINGS TOTALSALES
21 41
0.6% -5% -72% -57% 54%
10% 11% -36% -47% -17%
17 76
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE
$1,448,406 $1,372,500 22%
$1,581,429 $1,600,000 51%
▶ RATIO OFMEDIAN PRICES
▶ RECENTTRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
84
90
89
88
88
87
76
84
1.78
68
1.67
1.64
1.57
1.54
63
48
45
1.38
41
32
29
20
17
21
23
12
18
9
13
1
9 9
$1.60M $1.70M $1.68M $1.64M $1.70M
$1.52M
$1.48M
$1.47M $1.55M
$1.37M $1.32M $1.37M
$1.34M
Dec-21
Nov-22
Dec-22
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21%+
BALANCED 12-20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY ● S-LRATIO
15
10
50%
50%
29%
5
17%
8%
6%
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-LRATIO SALES INVENTORY
2 1 50%
7 2 29%
17 1 6%
18 3 17%
13 1 8%
2 1 50%
4 0 n/a
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