the rennie review - September 2022

new w estm inster TOWNHOME-AUGUST 202

SALES TO LISTINGSRATIO 72% SELLERS'M ARKET

▶ MARKETSUMMARY

AVERAGEPRICE

AVERAGE PSF PRICE ▲ 14% VS 2021

MEDIAN PRICE

TOTALLISTINGS

SALES

▲ 3% VS 2021

▼ 0.2% VS 2021

▼ 5% VS 2021

▼ 32% VS 2021

Therewere18 townhom elistingsin N ew W estm insterin August,36% below Julyand 5% lowerthan August2021. Augusttownhom esalesincreased by63% m onth-over-m onth,to13,and were32% below August 2021. Thesales-to-listing ratio fortow nhom esin N ew W estm inster,at72% ,reflected aselers'm arket. Thetownhom em edian pricein Augustwas$863,000,a 14% decreasefrom Julyand 0.2% below August2021. Theaveragesold pricewas$869,062,7% below last m onth;theaveragePSF salepricewas$635,down 2% to lastm onth.

THISMONTH No.

PREVIOUSYEAR

PREVIOUSMONTH

No.

% Change

No.

% Change

TOTALLISTINGS TOTALSALES

13 18

19 19

14% 3% -0.2% -28% -32% -5%

$651 $933,563 $1,002,500 29% 8 28

-14% 153% 63% -36%

SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF

$635 $869,062 $863,000 72%

$556 $843,863 $865,000 100%

-2% -7%

▶ AVG PRICEPERSQUAREFOOT

▶ RECENTTRENDS

● AUG 2021 ● AUG 202

● SALES ● TOTALINVENTORY ● MEDIAN PRICE

32

28

31

25

25

23

23

20

19

19

21

17

17

18

15

18

18

13

12

15

14

9

8

7

7

5

$1.03M $1.09M

$1.01M $970K $1.00M

$960K $984K

$865K $930K

$863K

$851K $828K $897K

NEW W ESTMINSTER REBGV

▶ NUMBEROFBEDROOMS

▶ TOTALLISTINGS&SALESBYPRICERANGE

SEL ERS'MARKET 21% +

BALANCED 12 - 20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY

● SALES ● TOTALINVENTORY ● S-L RATIO

1

100%+ 100%+

8

4+ bdrms

2

6

7

3 bdrms

11

4

5 5

2 bdrms

2

14%

0

<$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

0 1 n/a

1 2 200%

8 9 113%

7 1 14%

2 0 n/a

Copyright© Septem ber7,202 renniegroupofcom panies.Alrightsreserved.Thism aterialm aynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenperm is ionoftherenniegroupofcom panies.CurentasofSeptem ber7,202 .Aldatafrom RealEstateBoardofGreater VancouverandFraserValey& Ren ie.W hiletheinform ationanddatacontainedhereinhasbe nobtainedfrom sourcesde m edreliable,ac uracycannotbeguarante d.renniegroupofcom paniesdoesnotas um eresponsibiltyorliabiltyforanyinac uracies.Therecipientoftheinform ationshould takestepsastherecipientm ayde m neces arytoverifytheinform ationpriortoplacinganyrelianceupontheinform ation.Theinform ationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfrom arennieandas ociatesadvisor.Al inform ationissubjecttochangeandanypropertym aybewithdrawnfrom them arketatanytim ewithoutnoticeorobligationtotherecipientfrom ren iegroupofcom panies.E.&O.E. 30 ●

Made with FlippingBook - professional solution for displaying marketing and sales documents online