new w estm inster CONDO -JULY 2023
SALES TO LISTINGSRATIO 43% SELLERS'M ARKET
▶ MARKETSUMMARY
AVERAGEPRICE
AVERAGE PSF PRICE ▲ 8% VS 2022
MEDIAN PRICE
TOTALLISTINGS
SALES
▲ 6% VS 2022
▲ 12% VS 2022
▲ 12% VS 2022
▲ 26% VS 2022
Therewere181 condolistingsin N ew W estm insterin July,22% aboveJuneand 12% higherthan July2022.
Julycondosalesdecreased by5% m onth-over-m onth,to 78,and were26% aboveJuly2022.
THISMONTH No.
PREVIOUSMONTH
PREVIOUSYEAR
No.
% Change
No.
% Change
Thesales-to-listing ratio forcondosin N ew W estm inster, at43% ,reflected aselers'm arket.
TOTALLISTINGS TOTALSALES
$722 $640,351 $628,500 43% 78 181
$666 $601,534 $561,500 39% 62 161
12% 12% 26% 12%
$715 $638,074 $612,500 55% 82 148
0.9% 0.4% 3% -22% -5% 22%
Thecondom edian pricein Julywas$628,500,a3% increasefrom Juneand 12% aboveJuly2022. Theaveragesold pricewas$640,351,0.4% abovelast m onth;theaveragePSF salepricewas$722,up 0.9% to lastm onth.
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF
8% 6%
▶ AVG PRICEPERSQUAREFOOT
▶ RECENTTRENDS
● JUL 202 ● JUL 2023
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
171
171
181
161
168
165
130
128
127
148
122
121
97
19
76
78
59
82
62
72
36
52
51
48
44
26
$649K $613K $629K
$631K
$598K $602K $586K
$583K $610K
$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
70
60
4+ bdrms
1
50
75%
40
4
60%
3 bdrms
53%
18
30
44%
20
46
2 bdrms
14%
103
10
8%
0
28
<$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
4 3 75%
55 33 60%
64 34 53%
8%
9 4 44%
7 1 14%
1 0 n/a
1 0 n/a
59
40 3
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