new w estm inster TOWNHOME-FEBRUARY 2023
SALES TO LISTINGSRATIO 13% BALANCEDMARKET
▶ MARKETSUMMARY Therewere23 townhom elistingsin N ew W estm insterin February,5% aboveJanuaryand nochangetoFebruary 2022. Februarytownhom esalesincreased by50% m onth-over-m onth,to 3,and were83% below February 2022. Thesales-to-listing ratio fortow nhom esin N ew W estm inster,at13% ,reflected abalanced m arket. Thetownhom em edian pricein Februarywas$970,000,a 1.3% increasefrom Januaryand 1.4% below February 2022. Theaveragesold pricewas$960,667,0.3% abovelast m onth;theaveragePSF salepricewas$625,down 13% tolastm onth.
AVERAGEPRICE
AVERAGE PSF PRICE ▼ 15% VS 2022
MEDIAN PRICE
TOTALLISTINGS
SALES
▼ 2.0% VS 2022
▼ 1.4% VS 2022
0.0% VS 2022
▼ 83% VS 2022
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No.
% Change
No.
% Change
TOTALLISTINGS TOTALSALES
$625 $960,667 $970,000 13% 3 23
18 23
-15% -2% -1.4% -83% -83% 0%
$717 $957,500 $957,500 9% 2 22
-13% 0.3% 1.3% 43% 50% 5%
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF
$739 $980,161 $983,750 78%
▶ AVG PRICEPERSQUAREFOOT
▶ RECENTTRENDS
● FEB 202 ● FEB 2023
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
31
32
28
28
31
25
25
23
22
23
18
15
19
18
18
13
12
15
7
8
7
7
2
3
4 4
$1.03M $1.09M $984K
$1.03M
$1.01M $970K $1.00M
$950K
$925K $958K $970K
$863K
$822K
NEW W ESTMINSTER REBGV
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21% +
BALANCED 12 - 20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-L RATIO
12
1
4+ bdrms
10
2
8
1
3 bdrms
16
6
4
1
2 bdrms
17%
5
2
10%
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
1 0 n/a
12 2 17%
10 1 10%
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