new w estm inster DETACHED -OCTOBER 2 0 2 3
SALES TO LISTINGSRATIO 18% BALANCEDMARKET
▶ MARKETSUMMARY
AVERAGEPRICE
MEDIAN PRICE
TOTALLISTINGS
SALES
▲ 20% VS 2022
▲ 23% VS 2022
0.0% VS 2022
▲ 78% VS 2022
Therew ere 89 detached listingsin N ew W estm insterin O ctober,1.1% below Septem berand nochangeto October2022. O ctoberdetached hom esalesincreased by 60% m onth-over-m onth,to16,and were78% aboveO ctober 2022. Thesales-to-listing ratio fordetached in N ew W estm inster,at18% ,reflected abalanced m arket. Thedetachedm edian pricein Octoberwas$1,617,000,a 7% decreasefrom Septem berand 23% aboveO ctober 2022. Theaveragesold pricewas$1,606,900,8% below last m onth and up 20% toOctober2022.
THISMONTH No.
PREVIOUSMONTH
PREVIOUSYEAR
No.
% Change
No.
% Change
TOTALLISTINGS TOTALSALES
16 89
$1,344,556 $1,320,000 10% 9 89
20% 23% 78% 78% 0%
10 90
62% 60% -1.1%
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE
$1,606,900 $1,617,000 18%
$1,754,600 $1,740,000 11%
-8% -7%
▶ RATIO OFMEDIAN PRICES
▶ RECENTTRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
99
90
89
89
76
1.731.69
85
1.71
82
81
1.67
1.62
63
74
63
63
59
1.39
30
25
19
17
16
16
9 1
19
18
9
1
10
$1.74M
$1.67M $1.73M
$1.62M
$1.60M $1.63M
$1.52M
$1.47M $1.53M
$1.32M $1.37M
$1.24M $1.23M
22-Oct
23-Sep 23-Oct
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21% +
BALANCED 12 - 20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY ● S-L RATIO
30
25
20
15
36%
10
23%
20%
5
6%
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 0 n/a
5 0 n/a
13 3 23%
17 1 6%
28 10 36%
10 2 20%
9 0 n/a
6 0 n/a
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