new w estm inster DETACHED -FEBRUARY 2023
SALES TO LISTINGSRATIO 17% BALANCEDMARKET
▶ MARKETSUMMARY
AVERAGEPRICE
MEDIAN PRICE
TOTALLISTINGS
SALES
▼ 26% VS 2022
▼ 27% VS 2022
▲ 31% VS 2022
▼ 66% VS 2022
Therew ere 63 detached listingsin N ew W estm insterin February,7% aboveJanuaryand 31% higherthan February2022. February detached hom esalesrem ained thesam e m onth-over-m onth,at11,and were66% below February 2022. Thesales-to-listing ratio fordetached in N ew W estm inster,at17% ,reflected abalanced m arket. Thedetachedm edian pricein Februarywas$1,225,000, a0.8% decreasefrom Januaryand 27% below February 2022. Theaveragesold pricewas$1,275,917,2% below last m onth and down 26% toFebruary2022.
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No.
% Change
No.
% Change
TOTALLISTINGS TOTALSALES
11 63
32 48
-26% -27% -74% -66% 31%
11 59
0% 7%
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE
$1,275,917 $1,225,000 17%
$1,303,818 $1,235,000 19%
-2% -0.8% -6%
$1,719,875 $1,683,000 67%
▶ RATIO OFMEDIAN PRICES
▶ RECENTTRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
84
90
89
88
88
87
76
84
1.71
68
1.62
63
1.54
1.54
63
59
1.29
1.26
48
29
32
20
17
23
12
1
1
13
1
9 9
9
$1.68M $1.64M $1.70M
$1.52M
$1.48M
$1.47M $1.55M
$1.37M $1.32M $1.37M
$1.34M
$1.24M $1.23M
Feb-22
Jan-23
Feb-23
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21% +
BALANCED 12 - 20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY ● S-L RATIO
100%+
20
15
10
36%
5
5%
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
1 0 n/a
1 0 n/a
3 6 200%
11 4 36%
22 1 5%
16 0 n/a
4 0 n/a
5 0 n/a
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