new w estm inster CONDO -JULY 202
SALES TO LISTINGSRATIO 39% SELLERS'M ARKET
▶ MARKETSUMMARY
AVERAGEPRICE
AVERAGE PSF PRICE ▲ 5% VS 2021
MEDIAN PRICE
TOTALLISTINGS
SALES
▲ 4% VS 2021
▲ 1.4% VS 2021
▼ 31% VS 2021
▼ 44% VS 2021
Therewere161 condolistingsin N ew W estm insterin July,nochangetoJuneand 31% lowerthan July2021.
Julycondosalesdecreased by22% m onth-over-m onth,to 63,and were44% below July2021.
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No. 48% 112 235
% Change
No.
% Change
Thesales-to-listing ratio forcondosin N ew W estm inster, at39% ,reflected aselers'm arket.
TOTALLISTINGS TOTALSALES
$669 $602,271 $563,000 39% 63 161
1.4% -18% -44% -31%
$707 $607,912 $590,000 50% 81 161
-5% -0.9% -5% -22% -22% 0%
Thecondom edian pricein Julywas$563,000,a5% decreasefrom Juneand 1.4% aboveJuly2021. Theaveragesold pricewas$602,271,0.9% below last m onth;theaveragePSF salepricewas$669,down 5% to lastm onth.
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF
$635 $578,915 $555,000
5% 4%
▶ AVG PRICEPERSQUAREFOOT
▶ RECENTTRENDS
● JUL 2021 ● JUL 202
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
241
235
225
209
179
175
149
161
161
129
18
10
104
133
12
19
80
81
104
102
102
96
95
82
63
73
$641K $675K
$630K $630K
$590K $563K
$570K $614K
$555K $550K $564K $561K $558K
NEW W ESTMINSTER REBGV
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21% +
BALANCED 12 - 20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-L RATIO
80
70
4+ bdrms
1
60
50
68%
5
3 bdrms
40
14
30
33%
29%
36
25%
20
2 bdrms
100
10
0
22
<$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 0 n/a
53 36 68%
73 21 29%
20 5 25%
3 1 33%
5 0 n/a
2 0 n/a
1 0 n/a
46
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