new w estm inster CONDO -MARCH 2023
SALES TO LISTINGSRATIO 63% SELLERS'M ARKET
▶ MARKETSUMMARY Therewere121 condolistingsin N ew W estm insterin M arch,0.8% below Februaryand 1.7% higherthan M arch 2022. M arch condosalesincreased by46% m onth-over-m onth, to76,and were49% below M arch 2022.
AVERAGEPRICE
AVERAGE PSF PRICE ▼ 6% VS 2022
MEDIAN PRICE
TOTALLISTINGS
SALES
▼ 9% VS 2022
▼ 14% VS 2022
▲ 1.7% VS 2022
▼ 49% VS 2022
THISMONTH No.
PREVIOUSMONTH
PREVIOUSYEAR
No. 149 119
% Change
No.
% Change
Thesales-to-listing ratio forcondosin N ew W estm inster, at63% ,reflected aselers'm arket.
TOTALLISTINGS TOTALSALES
$708 $603,853 $582,500 63% 76 121
-14% -50% -49% 1.7%
$721 $645,838 $630,500 43% 52 122
-1.9% -7% -8% 47% 46% -0.8%
Thecondom edian pricein M arch was$582,500,a8% decreasefrom Februaryand 14% below M arch 2022. Theaveragesold pricewas$603,853,7% below last m onth;theaveragePSF salepricewas$708,down 1.9% tolastm onth.
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF
$754 $663,882 $675,000 125%
-6% -9%
▶ AVG PRICEPERSQUAREFOOT
▶ RECENTTRENDS
● MAR 202 ● MAR 2023
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
175
171
171
149
168
165
161 161
128
133
121
19
122
19
81
102
76
82
59
62
36
52
48 51
44
26
$675K $630K $630K
$631K
$590K $562K $602K $575K $555K $598K $602K $586K
$583K
NEW W ESTMINSTER REBGV
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21% +
BALANCED 12 - 20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-L RATIO
50
100%+
4+ bdrms
40
76%
30
5
57%
3 bdrms
20
50%
44%
20
38
2 bdrms
10
65
0
33
<$400K $400-599K $600-799K $800-999K $1.0M -1.24M $1.25M -1.49M $1.5M -1.99M $2M +
<2 bdrms
S-L RATIO SALES INVENTORY
2 5 250%
46 35 76%
47 27 57%
18 8 44%
2 1 50%
5 0 n/a
1 0 n/a
36
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