new w estm inster DETACHED -JULY 202
SALES TO LISTINGSRATIO 13% BALANCEDMARKET
▶ MARKETSUMMARY
AVERAGEPRICE
MEDIAN PRICE
TOTALLISTINGS
SALES
▲ 10% VS 2021
▲ 8% VS 2021
▲ 30% VS 2021
▼ 62% VS 2021
Therew ere 87 detached listingsin N ew W estm insterin July,3% below Juneand 30% higherthan July2021. July detached hom esalesdecreased by 15% m onth-over-m onth,to11,and were62% below July 2021. Thesales-to-listing ratio fordetached in N ew W estm inster,at13% ,reflected abalanced m arket.
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No.
% Change
No.
% Change
TOTALLISTINGS TOTALSALES
11 87
29 67
10% 8% -71% -62% 30%
13 90
4% 10% -12% -15% -3%
Thedetachedm edian pricein Julywas$1,472,500,a10% increasefrom Juneand 8% aboveJuly2021.
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE
$1,528,591 $1,472,500 13%
$1,472,654 $1,341,000 14%
$1,384,069 $1,360,000 43%
Theaveragesold pricewas$1,528,591,4% abovelast m onth and up 10% toJuly2021.
▶ RATIO OFMEDIAN PRICES
▶ RECENTTRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
84
87
90
78
88
68
1.78
67
1.64
56
63
1.551.59
60
48
45
1.47
1.38
32
41 21
29
28
29
20
23
23
21
18
1
14
13
$1.61M
$1.60M $1.70M $1.68M $1.64M $1.70M
$1.48M
$1.47M
$1.40M $1.50M
$1.36M
$1.35M
$1.34M
Jul-21
Jun-22
Jul-22
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21% +
BALANCED 12 - 20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY ● S-L RATIO
40
100%+
30
20
24%
10
10%
8%
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
1 2 200%
17 4 24%
40 4 10%
13 1 8%
9 0 n/a
7 0 n/a
Copyright© August4,202 renniegroupofcom panies.Alrightsreserved.Thism aterialm aynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenperm is ionoftherenniegroupofcom panies.CurentasofAugust4,202 .Aldatafrom RealEstateBoardof GreaterVancouverandFraserValey& Rennie.W hiletheinform ationanddatacontainedhereinhasbe nobtainedfrom sourcesde m edreliable,ac uracycannotbeguarante d.renniegroupofcom paniesdoesnotas um eresponsibiltyorliabiltyforanyinac uracies.Therecipient oftheinform ationshouldtakestepsastherecipientm ayde m neces arytoverifytheinform ationpriortoplacinganyrelianceupontheinform ation.Theinform ationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtained from aren ieandas ociatesadvisor.Alinform ationissubjecttochangeandanypropertym aybewithdrawnfrom them arketatanytim ewithoutnoticeorobligationtotherecipientfrom renniegroupofcom panies.E.&O.E.
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