new w estm inster DETACHED -AUGUST 202
SALES TO LISTINGSRATIO 14% BALANCEDMARKET
▶ MARKETSUMMARY
AVERAGEPRICE
MEDIAN PRICE
TOTALLISTINGS
SALES
▼ 3% VS 2021
▼ 3% VS 2021
▲ 33% VS 2021
▼ 43% VS 2021
Therew ere 84 detached listingsin N ew W estm insterin August,3% below Julyand 33% higherthan August2021. Augustdetached hom esalesincreased by9% m onth-over-m onth,to12,and were43% below August 2021. Thesales-to-listing ratio fordetached in N ew W estm inster,at14% ,reflected abalanced m arket.
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No.
% Change
No.
% Change
TOTALLISTINGS TOTALSALES
12 84
21 63
-57% -43% 33%
11 87
2% 5% 13% 9% -3%
Thedetachedm edian pricein Augustwas$1,550,000,a 5% increasefrom Julyand 3% below August2021.
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE
$1,558,917 $1,550,000 14%
$1,528,591 $1,472,500 13%
$1,614,300 $1,605,000 33%
Theaveragesold pricewas$1,558,917,2.0% abovelast m onth and down 3% toAugust2021.
-3% -3%
▶ RATIO OFMEDIAN PRICES
▶ RECENTTRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
84
90
84
78
88
87
1.86
68
1.80
1.78
56
63
1.57
60
48
1.47
45
1.43
32
41 21
29
28
20
21
23
23
18
12
14
13
1
$1.61M
$1.60M $1.70M $1.68M $1.64M $1.70M
$1.48M
$1.47M $1.55M
$1.40M $1.50M
$1.35M
$1.34M
Aug.-21
Jul.-22
Aug.-22
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21% +
BALANCED 12 - 20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY ● S-L RATIO
35
30
25
20
50%
15
10
21%
17%
5
10%
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
2 0 n/a
2 1 50%
19 4 21%
35 6 17%
10 1 10%
10 0 n/a
6 0 n/a
Copyright© Septem ber7,202 renniegroupofcom panies.Alrightsreserved.Thism aterialm aynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenperm is ionoftherenniegroupofcom panies.CurentasofSeptem ber7,202 .Aldatafrom RealEstate BoardofGreaterVancouverandFraserValey& Rennie.W hiletheinform ationanddatacontainedhereinhasbe nobtainedfrom sourcesde m edreliable,ac uracycan otbeguarante d.renniegroupofcom paniesdoesnotas um eresponsibiltyorliabiltyforanyinac uracies.The recipientoftheinform ationshouldtakestepsastherecipientm ayde m neces arytoverifytheinform ationpriortoplacinganyrelianceupontheinform ation.Theinform ationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbe obtainedfrom arennieandas 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