new w estm inster TOWNHOME-DECEMBER 202
SALESTO LISTINGSRATIO 37% SELLERS'M ARKET
▶ MARKETSUMMARY Therewere19 townhom elistingsin N ew W estm insterin D ecem ber,32% below N ovem berand 171% higherthan D ecem ber2021. D ecem bertownhom esalesincreased by75% m onth-over-m onth,to7,and were65% below D ecem ber 2021. Thesales-to-listing ratio fortow nhom esin N ew W estm inster,at37% ,reflected aselers'm arket. Thetownhom em edian pricein D ecem berwas$925,000, a12% increasefrom N ovem berand 3% aboveD ecem ber 2021. Theaveragesold pricewas$898,286,11% abovelast m onth;theaveragePSF salepricewas$598,down 10% to lastm onth.
AVERAGEPRICE
AVERAGE PSFPRICE ▼ 8% VS2021
MEDIAN PRICE
TOTALLISTINGS
SALES
▲ 1.6% VS2021
▲ 3% VS2021
▲ 171% VS2021
▼ 65% VS2021
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No.
%Change
No.
%Change
TOTALLISTINGS TOTALSALES
$598 $898,286 $925,000 37% 7 19
$649 $884,235 $897,450 286% 20 7
-8% 1.6% 3% -87% -65% 171%
$661 $811,200 $822,400 14% 4 28
-10% 11% 12% 158% 75% -32%
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF
▶ AVG PRICEPERSQUAREFOOT
▶ RECENTTRENDS
● DEC 2021 ● DEC 202
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
31
32
28
28
31
25
25
23
20
18
15
19
18
18
13
12
15
14
7
8
7
7
7
5
4 4
$1.03M $1.09M
$1.03M
$1.01M $970K $1.00M
$960K $984K
$950K
$925K
$897K
$863K
$822K
NEW W ESTMINSTER REBGV
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21%+
BALANCED 12-20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-LRATIO
1
8
4+bdrms
2
6
3
3bdrms
10
44%
4
3
2bdrms
2
7
13%
0
<$400K $400-599K $600-799K $800-999K $1.0M -1.24M $1.25M -1.49M $1.5M -1.99M $2M +
<2bdrms
S-LRATIO SALES INVENTORY
1 0 n/a
0 2 n/a
9 4 44%
8 1 13%
1 0 n/a
Copyright© January4,2023ren iegroupofcom panies.Alrightsreserved.Thism aterialm aynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenperm is ionoftherenniegroupofcom panies.CurentasofJanuary4,2023.Aldatafrom RealEstateBoardofGreater VancouverandFraserValey& Rennie.W hiletheinform ationanddatacontainedhereinhasbe nobtainedfrom sourcesde m edreliable,ac uracycannotbeguarante d.renniegroupofcom paniesdoesnotas um eresponsibiltyorliabiltyforanyinac uracies.Therecipientoftheinform ationshould takestepsastherecipientm ayde m neces arytoverifytheinform ationpriortoplacinganyrelianceupontheinform ation.Theinform ationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfrom arennieandas ociatesadvisor.Al inform ationissubjecttochangeandanypropertym aybewithdrawnfrom them arketatanytim ewithoutnoticeorobligationtotherecipientfrom renniegroupofcom panies.E.&O.E. 30 ●
Made with FlippingBook - professional solution for displaying marketing and sales documents online