new westminster TOWNHOME - DECEMBER 2 0 2 3
SALES TO LISTINGS RATIO 14% BALANCED MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▲ 5% VS 2022
MEDIAN PRICE
TOTAL LISTINGS
SALES
▲ 3% VS 2022
▲ 11% VS 2022
▼ 1.3% VS 2022
▼ 57% VS 2022
There were 21 townhome listings in New Westminster in December, 19% below November and 11% higher than December 2022. December townhome sales decreased by 40% month-over-month, to 3, and were 57% below December 2022. The sales-to-listing ratio for townhomes in New Westminster, at 14%, reflected a balanced market. The townhome median price in December was $955,000, a 18% increase from November and 3% above December 2022. The average sold price was $886,667, 10% above last month; the average PSF sale price was $629, down 7% to last month.
THIS MONTH No.
PREVIOUS MONTH
PREVIOUS YEAR
No.
% Change
No.
% Change
TOTAL LISTINGS TOTAL SALES SALES-LISTINGS RATIO MEDIAN SOLD PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
$629 $886,667 $955,000 14% 3 21
$598 $898,286 $925,000 37% 7 19
5% -1.3% 3% -61% -57% 11%
$676 $806,155 $810,777 19% 5 26
-7% 10% 18% -26% -40% -19%
▶ AVG PRICE PER SQUARE FOOT
▶ RECENT TRENDS
● DEC 2022 ● DEC 2023
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
29
29
29
26
26
25
22
24
23
19
21
19
17
17
20
7
10
6
5
7
6
2
5
3
3
$1.00M
$995K
$990K
$995K
$970K
$968K
$958K
$955K
$925K
$930K
$905K
$900K
$811K
NEW WESTMINSTER
REBGV
▶ NUMBER OF BEDROOMS
▶ TOTAL LISTINGS & SALES BY PRICE RANGE
SELLERS' MARKET 21% +
BALANCED 12 - 20%
BUYERS' MARKET <12%
● SALES ● TOTAL INVENTORY
● SALES ● TOTAL INVENTORY ● S-L RATIO
12
10
4+ bdrms
2
8
2
3 bdrms
6
16
50%
4
1
25%
2 bdrms
2
2
9%
0
<2 bdrms
<$400K $400-599K $600-799K $800-999K $1.0M-1.24M $1.25M-1.49M $1.5M-1.99M $2M+
1
S-L RATIO SALES INVENTORY
2 1 50%
4 1 25%
11 1 9%
2 0 n/a
2 0 n/a
Copyright © 2024 rennie group of companies. All rights reserved. This material may not be reproduced or distributed, in whole or in part, without the prior written permission of the rennie group of companies. Current as of January 10, 2024. All data from Real Estate Board of Greater Vancouver and Fraser Valley & Rennie. While the information and data contained herein has been obtained from sources deemed reliable, accuracy cannot be guaranteed. rennie group of companies does not assume responsibility or liability for any inaccuracies. The recipient of the information should take steps as the recipient may deem necessary to verify the information prior to placing any reliance upon the information. The information contained within this report should not be used as an opinion of value, such opinions should and can be obtained from a rennie and associates advisor. All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies. E.&O.E. 30 ●
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