new w estm inster TOWNHOME-MARCH 2023
SALES TO LISTINGSRATIO 17% BALANCEDMARKET
▶ MARKETSUMMARY Therewere29 townhom elistingsin N ew W estm insterin M arch,26% aboveFebruaryand 93% higherthan M arch 2022. M arch townhom esalesincreased by67% m onth-over-m onth,to 5,and were80% below M arch 2022. Thesales-to-listing ratio fortow nhom esin N ew W estm inster,at17% ,reflected abalanced m arket. Thetownhom em edian pricein M arch was$995,000,a 3% increasefrom Februaryand 3% below M arch 2022. Theaveragesold pricewas$961,900,0.1% abovelast m onth;theaveragePSF salepricewas$663,up 6% to lastm onth.
AVERAGEPRICE
AVERAGE PSF PRICE ▼ 7% VS 2022
MEDIAN PRICE
TOTALLISTINGS
SALES
▼ 7% VS 2022
▼ 3% VS 2022
▲ 93% VS 2022
▼ 80% VS 2022
THISMONTH No.
PREVIOUSMONTH
PREVIOUSYEAR
No.
% Change
No.
% Change
TOTALLISTINGS TOTALSALES
$663 $961,900 $995,000 17% 5 29
25 15
-90% -80% 93%
$625 $960,667 $970,000 13% 3 23
6% 0.1% 3% 32% 67% 26%
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF
$713 $1,032,960 $1,030,000 167%
-7% -7% -3%
▶ AVG PRICEPERSQUAREFOOT
▶ RECENTTRENDS
● MAR 202 ● MAR 2023
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
31
29
32
28
28
31
25
25
22
23
18
15
19
18
15
13
12
7
8
7
7
3
5
2
4 4
$1.03M $1.09M
$1.03M
$1.01M $970K $1.00M
$950K
$925K $958K $970K $995K
$863K
$822K
NEW W ESTMINSTER REBGV
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21% +
BALANCED 12 - 20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-L RATIO
12
1
4+ bdrms
4
10
8
3
3 bdrms
18
6
4
1
25%
2 bdrms
20%
17%
7
2
0
<2 bdrms
<$400K $400-599K $600-799K $800-999K $1.0M -1.24M $1.25M -1.49M $1.5M -1.99M $2M +
S-L RATIO SALES INVENTORY
1 0 n/a
4 1 25%
10 2 20%
12 2 17%
2 0 n/a
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