new w estm inster TOWNHOME-OCTOBER 2 0 2 3
SALES TO LISTINGSRATIO 30% SELLERS'M ARKET
▶ MARKETSUMMARY Therewere20 townhom elistingsin N ew W estm insterin O ctober,20% below Septem berand 35% lowerthan October2022. O ctobertownhom esalesrem ained thesam e m onth-over-m onth,at6,and were50% aboveO ctober 2022. Thesales-to-listing ratio fortow nhom esin N ew W estm inster,at30% ,reflected aselers'm arket. Thetownhom em edian pricein Octoberwas$967,500,a 4% decreasefrom Septem berand 1.9% aboveO ctober 2022. Theaveragesold pricewas$897,000,6% below last m onth;theaveragePSF salepricewas$619,down 14% tolastm onth.
AVERAGEPRICE
AVERAGE PSF PRICE ▼ 12% VS 2022
MEDIAN PRICE
TOTALLISTINGS
SALES
▼ 10% VS 2022
▲ 1.9% VS 2022
▼ 35% VS 2022
▲ 50% VS 2022
THISMONTH No.
PREVIOUSMONTH
PREVIOUSYEAR
No.
% Change
No.
% Change
TOTALLISTINGS TOTALSALES
$619 $897,000 $967,500 30% 6 20
$705 $992,250 $949,500 13% 4 31
-12% -10% 1.9% 133% 50% -35%
$723 $950,467 $1,004,900 24% 6 25
-14% -6% -4% 25% 0% -20%
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF
▶ AVG PRICEPERSQUAREFOOT
▶ RECENTTRENDS
● OCT 2022 ● OCT 2023
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
31
29
29
29
28
26
25
22
24
23
19
17 17
20
19
7
10
6
7
4
6
2
5
4
3
$1.00M $968K
$995K
$950K
$925K $958K $970K $995K $930K $990K
$905K
$900K
$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
8
4+ bdrms
2
6
3
3 bdrms
13
50% 50%
4
33%
2
2 bdrms
20%
2
3
0
1
<2 bdrms
<$400K $400-599K $600-799K $800-999K $1.0M -1.24M $1.25M -1.49M $1.5M -1.99M $2M +
2
S-L RATIO SALES INVENTORY
2 1 50%
2 1 50%
5 1 20%
9 3 33%
1 0 n/a
1 0 n/a
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