new w estm inster CONDO -DECEMBER 202
SALESTO LISTINGSRATIO 30% SELLERS'M ARKET
▶ MARKETSUMMARY Therewere119 condolistingsin N ew W estm insterin D ecem ber,30% below N ovem berand 8% higherthan D ecem ber2021. D ecem bercondo salesdecreased by 18% m onth-over-m onth,to36,and were63% below D ecem ber2021. Thesales-to-listing ratio forcondosin N ew W estm inster, at30% ,reflected aselers'm arket. Thecondom edian pricein D ecem berwas$601,550,a 0.7% increasefrom N ovem berand 6% aboveD ecem ber 2021. Theaveragesold pricewas$627,233,5% abovelast m onth;theaveragePSF salepricewas$655,up 0.4% to lastm onth.
AVERAGEPRICE
AVERAGE PSFPRICE ▼ 3% VS2021
MEDIAN PRICE
TOTALLISTINGS
SALES
▲ 9% VS2021
▲ 6% VS2021
▲ 8% VS2021
▼ 63% VS2021
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No.
%Change
No.
%Change
TOTALLISTINGS TOTALSALES
$655 $627,233 $601,550 30% 36 119
$675 $577,847 $570,000 87% 96 110
-65% -63% 8%
$652 $597,394 $597,500 26% 44 171
0.4% 5% 0.7% 18% -18% -30%
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF
-3% 9% 6%
▶ AVG PRICEPERSQUAREFOOT
▶ RECENTTRENDS
● DEC 2021 ● DEC 202
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
175
171
171
149
168
165
161 161
19
133
10
104
19
96
81
80
102
95
82
59
72
62
51
48
36
44
$641K $675K
$630K
$630K $590K
$598K $602K
$575K $555K
$570K $614K
$562K $602K
NEW W ESTMINSTER REBGV
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21%+
BALANCED 12-20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-LRATIO
50
1
4+bdrms
40
30
1
3bdrms
18
50%
50%
44%
20
31%
24
2bdrms
10
66
9%
0
10
<$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
4 2 50%
34 15 44%
48 15 31%
9%
2 1 50%
6 0 n/a
0 1 n/a
3 0 n/a
35
22 2
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