new w estm inster CONDO -OCTOBER 2 0 2 3
SALES TO LISTINGSRATIO 33% SELLERS'M ARKET
▶ MARKETSUMMARY Therewere178 condolistingsin N ew W estm insterin O ctober,9% aboveSeptem berand 6% higherthan October2022. O ctobercondosalesincreased by7% m onth-over-m onth, to59,and werethesam ein October2022.
AVERAGEPRICE
AVERAGE PSF PRICE ▲ 5% VS 2022
MEDIAN PRICE
TOTALLISTINGS
SALES
▲ 7% VS 2022
▲ 8% VS 2022
▲ 6% VS 2022
0.0% VS 2022
THISMONTH No.
PREVIOUSMONTH
PREVIOUSYEAR
No.
% Change
No.
% Change
Thesales-to-listing ratio forcondosin N ew W estm inster, at33% ,reflected aselers'm arket.
TOTALLISTINGS TOTALSALES
$704 $619,061 $599,000 33% 59 178
$672 $576,912 $555,000 35% 59 168
0% 6%
$721 $608,236 $593,800 34% 55 164
7% 9%
Thecondom edian pricein Octoberwas$599,000,a0.9% increasefrom Septem berand 8% aboveO ctober2022. Theaveragesold pricewas$619,061,1.8% abovelast m onth;theaveragePSF salepricewas$704,down 2% to lastm onth.
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF
5% 7% 8% -6%
-2% 1.8% 0.9% -1.2%
▶ AVG PRICEPERSQUAREFOOT
▶ RECENTTRENDS
● OCT 2022 ● OCT 2023
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
171
181
178
168
172
164
130
128
127
148
122
121
19
96
78
76
82
72
59
59
62
36
55
52
44
26
$631K
$610K $650K $613K $629K $648K
$602K $586K
$594K $599K
$583K
$555K $598K
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
2
60
50
3
3 bdrms
40
14
50%
30
40%
34%
29
25%
20
2 bdrms
109
10%
10
7%
0
27
<$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
5 2 40%
56 28 50%
73 25 34%
7%
10 1 10%
4 1 25%
1 0 n/a
53
29 2
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