new w estm inster DETACHED -JULY 2023
SALES TO LISTINGSRATIO 30% SELLERS'M ARKET
▶ MARKETSUMMARY
AVERAGEPRICE
MEDIAN PRICE
TOTALLISTINGS
SALES
▲ 5% VS 2022
▲ 9% VS 2022
▼ 6% VS 2022
▲ 127% VS 2022
Therew ere 82 detached listingsin N ew W estm insterin July,17% below Juneand 6% lowerthan July2022. July detached hom esalesincreased by 32% m onth-over-m onth,to 25,and were127% aboveJuly 2022. Thesales-to-listing ratio fordetached in N ew W estm inster,at30% ,reflected aselers'm arket.
THISMONTH No.
PREVIOUSMONTH
PREVIOUSYEAR
No.
% Change
No.
% Change
TOTALLISTINGS TOTALSALES
25 82
11 87
141% 127% -6%
19 99
-16% -8% 59% 32% -17%
Thedetachedm edian pricein Julywas$1,600,000,a8% decreasefrom Juneand 9% aboveJuly2022.
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE
$1,597,836 $1,600,000 30%
$1,897,421 $1,730,000 19%
$1,528,591 $1,472,500 13%
Theaveragesold pricewas$1,597,836,16% below last m onth and up 5% toJuly2022.
5% 9%
▶ RATIO OFMEDIAN PRICES
▶ RECENTTRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
99
89
88
87
76
1.91
85
84
82
1.79
63
74
1.611.58
63
63
59
1.48
1.47
30
25
17
16
12
1
9 9
9
19
18
1
1
$1.67M $1.73M
$1.60M
$1.52M
$1.47M $1.55M
$1.47M $1.53M
$1.37M $1.32M $1.37M
$1.24M $1.23M
22-Jul
23-Jun 23-Jul
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21% +
BALANCED 12 - 20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY ● S-L RATIO
25
20
15
45%
40%
10
22%
20%
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
0 1 n/a
3 0 n/a
5 0 n/a
22 10 45%
25 10 40%
10 2 20%
9 2 22%
8 0 n/a
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