new w estm inster CONDO -FEBRUARY 2023
SALES TO LISTINGSRATIO 43% SELLERS'M ARKET
▶ MARKETSUMMARY Therewere122 condolistingsin N ew W estm insterin February,5% below Januaryand 28% higherthan February2022. February condo salesincreased by 93% m onth-over-m onth,to52,and were50% below February 2022. Thesales-to-listing ratio forcondosin N ew W estm inster, at43% ,reflected aselers'm arket. Thecondom edian pricein Februarywas$630,500,a7% increasefrom Januaryand 1.6% below February2022. Theaveragesold pricewas$645,838,10% abovelast m onth;theaveragePSF salepricewas$721,up 6% to lastm onth.
AVERAGEPRICE
AVERAGE PSF PRICE ▼ 0.3% VS 2022
MEDIAN PRICE
TOTALLISTINGS
SALES
▲ 0.0% VS 2022
▼ 1.6% VS 2022
▲ 28% VS 2022
▼ 50% VS 2022
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No.
% Change
No.
% Change
TOTALLISTINGS TOTALSALES
$721 $645,838 $630,500 43% 52 122
$724 $645,833 $640,500 109% 104 95
-0.3% 0% -1.6% -61% -50% 28%
$681 $587,732 $590,000 21% 27 128
6% 10% 7% 102% 93% -5%
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF
▶ AVG PRICEPERSQUAREFOOT
▶ RECENTTRENDS
● FEB 202 ● FEB 2023
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
175
171
171
149
168
165
161 161
128
19
133
122
19
104
81
102
95
82
59
52
62
51
48
44
36
27
$641K $675K
$630K
$630K $590K
$598K $602K $590K $631K
$575K $555K
$562K $602K
NEW W ESTMINSTER REBGV
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21% +
BALANCED 12 - 20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-L RATIO
50
4+ bdrms
40
67%
4
30
3 bdrms
17
44% 45% 44%
20
40%
32
2 bdrms
10
68
0
16
<$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
5 2 40%
41 18 44%
49 22 45%
18 8 44%
3 2 67%
5 0 n/a
1 0 n/a
37
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