new w estm inster TOWNHOME-JULY 2023
SALES TO LISTINGSRATIO 71% SELLERS'M ARKET
▶ MARKETSUMMARY
AVERAGEPRICE
AVERAGE PSF PRICE ▲ 10% VS 2022
MEDIAN PRICE
TOTALLISTINGS
SALES
▲ 8% VS 2022
▼ 0.7% VS 2022
▼ 14% VS 2022
▲ 113% VS 2022
Therewere24 townhom elistingsin N ew W estm insterin July,17% below Juneand 14% lowerthan July2022. Julytownhom esalesrem ained thesam e m onth-over-m onth,at17,and were113% aboveJuly 2022. Thesales-to-listing ratio fortow nhom esin N ew W estm inster,at71% ,reflected aselers'm arket. Thetownhom em edian pricein Julywas$995,000,a10% increasefrom Juneand 0.7% below July2022. Theaveragesold pricewas$1,007,359,8% abovelast m onth;theaveragePSF salepricewas$715,up 1.3% to lastm onth.
THISMONTH No.
PREVIOUSMONTH
PREVIOUSYEAR
No.
% Change
No.
% Change
TOTALLISTINGS TOTALSALES
17 24
$651 $933,563 $1,002,500 29% 8 28
-0.7% 148% 113% -14%
17 29
1.3% 8% 10% 21% 0% -17%
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF
$715 $1,007,359 $995,000 71%
$706 $929,271 $905,000 59%
10% 8%
▶ AVG PRICEPERSQUAREFOOT
▶ RECENTTRENDS
● JUL 202 ● JUL 2023
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
31
29
29
28
28
26
25
22
24
23
19
17
19
17
18
13
7
10
8
7
2
5
4 4
3
$1.03M
$1.00M
$995K
$950K
$925K $958K $970K $995K $930K $990K
$905K
$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
10
4
100%
100%
4+ bdrms
5
8
8
60%
6
3 bdrms
56%
14
4
4 4
2 bdrms
2
0
1 1
<2 bdrms
<$400K $400-599K $600-799K $800-999K $1.0M -1.24M $1.25M -1.49M $1.5M -1.99M $2M +
S-L RATIO SALES INVENTORY
4 4 100%
9 5 56%
10 6 60%
0 1 n/a
1 1 100%
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