new w estm inster CONDO -AUGUST 202
SALES TO LISTINGSRATIO 29% SELLERS'M ARKET
▶ MARKETSUMMARY
AVERAGEPRICE
AVERAGE PSF PRICE ▲ 4% VS 2021
MEDIAN PRICE
TOTALLISTINGS
SALES
▲ 7% VS 2021
▲ 10% VS 2021
▼ 27% VS 2021
▼ 53% VS 2021
Therewere165 condolistingsin N ew W estm insterin August,2% aboveJulyand 27% lowerthan August2021. Augustcondosalesdecreased by24% m onth-over-m onth,to48,and were53% below August 2021. Thesales-to-listing ratio forcondosin N ew W estm inster, at29% ,reflected aselers'm arket. Thecondom edian pricein Augustwas$602,400,a7% increasefrom Julyand 10% aboveAugust2021. Theaveragesold pricewas$602,650,0.1% abovelast m onth;theaveragePSF salepricewas$682,up 1.9% to lastm onth.
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No. 45% 102 225
% Change
No.
% Change
TOTALLISTINGS TOTALSALES
$682 $602,650 $602,400 29% 48 165
4% 7% 10% -36% -53% -27%
$669 $602,271 $563,000 39% 63 161
1.9% 0.1% 7% -26% -24% 2%
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF
$658 $561,754 $549,950
▶ AVG PRICEPERSQUAREFOOT
▶ RECENTTRENDS
● AUG 2021 ● AUG 202
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
241
225
209
179
175
165
149
161 161
129
18
10
104
133
19
102
80
81
104
102
96
95
82
73
63
48
$641K $675K
$630K
$630K $590K
$570K $614K
$563K $602K
$550K $564K $561K $558K
NEW W ESTMINSTER REBGV
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21% +
BALANCED 12 - 20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-L RATIO
80
70
4+ bdrms
1
60
50
1
3 bdrms
40
14
42%
30
29%
29%
29
20
2 bdrms
104
13%
10
0
18
<$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
7 2 29%
52 22 42%
73 21 29%
23 3 13%
2 0 n/a
5 0 n/a
2 0 n/a
1 0 n/a
46
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. 31 ●
Made with FlippingBook - professional solution for displaying marketing and sales documents online