new w estm inster DETACHED -MARCH 2023
SALES TO LISTINGSRATIO 25% SELLERS'M ARKET
▶ MARKETSUMMARY Therew ere 63 detached listingsin N ew W estm insterin M arch,nochangetoFebruaryand 7% lowerthan M arch 2022. M arch detached hom esalesincreased by 45% m onth-over-m onth,to 16,and were45% below M arch 2022. Thesales-to-listing ratio fordetached in N ew W estm inster,at25% ,reflected aselers'm arket.
AVERAGEPRICE
MEDIAN PRICE
TOTALLISTINGS
SALES
▼ 20% VS 2022
▼ 10% VS 2022
▼ 7% VS 2022
▼ 45% VS 2022
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No.
% Change
No.
% Change
TOTALLISTINGS TOTALSALES
16 63
29 68
-20% -10% -40% -45% -7%
11 63
16% 20% 45% 45% 0%
Thedetachedm edian pricein M arch was$1,473,500,a 20% increasefrom Februaryand 10% below M arch 2022.
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE
$1,485,944 $1,473,500 25%
$1,275,917 $1,225,000 17%
$1,856,647 $1,640,000 43%
Theaveragesold pricewas$1,485,944,16% abovelast m onth and down 20% toM arch 2022.
▶ RATIO OFMEDIAN PRICES
▶ RECENTTRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
84
89
88 90
88
87
76
84
1.71
63
1.59
63
68
1.54
1.53
63
1.48
59
1.26
29
20
17
12
23
1
16
13
1
1
9 9
9
$1.64M $1.70M
$1.52M
$1.48M
$1.47M $1.55M
$1.47M
$1.37M $1.32M $1.37M
$1.34M
$1.24M $1.23M
22-Mar
23-Feb
23-Mar
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21% +
BALANCED 12 - 20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY ● S-L RATIO
20
100%+
15
10
38%
30%
5
7%
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-L RATIO SALES INVENTORY
1 0 n/a
2 0 n/a
3 4 133%
13 5 38%
20 6 30%
15 1 7%
4 0 n/a
5 0 n/a
Copyright© April4,2023renniegroupofcom panies.Alrightsreserved.Thism aterialm aynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenperm is ionoftherenniegroupofcom panies.CurentasofApril4,2023.Aldatafrom RealEstateBoardof GreaterVancouverandFraserValey& Rennie.W hiletheinform ationanddatacontainedhereinhasbe nobtainedfrom sourcesde m edreliable,ac uracycannotbeguarante d.renniegroupofcom paniesdoesnotas um eresponsibiltyorliabiltyforanyinac uracies.Therecipient oftheinform ationshouldtakestepsastherecipientm ayde m neces arytoverifytheinform ationpriortoplacinganyrelianceupontheinform ation.Theinform ationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtained from aren ieandas ociatesadvisor.Alinform ationissubjecttochangeandanypropertym aybewithdrawnfrom them arketatanytim ewithoutnoticeorobligationtotherecipientfrom renniegroupofcom panies.E.&O.E.
●
29
Made with FlippingBook - professional solution for displaying marketing and sales documents online