newwestminster DETACHED-DECEMBER 2021
SALESTO LISTINGSRATIO 51% SELLERS'MARKET
▶ MARKETSUMMARY Therewere41detachedlistingsinNewWestminsterin December,27%belowNovemberand15%lowerthan December2020. Decemberdetachedhomesalesdecreasedby9% month-over-month,to21,andwere13%below December2020. Thesales-to-listingratiofordetachedinNew Westminster,at51%,reflectedaselers'market. ThedetachedmedianpriceinDecemberwas$1,600,000, a7%increasefromNovemberand41%aboveDecember 2020. Theaveragesoldpricewas$1,581,429,3%abovelast monthandup30%toDecember2020.
AVERAGEPRICE
MEDIANPRICE
TOTALLISTINGS
SALES
▲ 30% VS2020
▲ 41% VS2020
▼ 15% VS2020
▼ 13% VS2020
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No.
%Change
No.
%Change
TOTALLISTINGS TOTALSALES
21 41
24 48
30% 41% 2% -13% -15%
23 56
3% 7% 25% -9% -27%
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE
$1,581,429 $1,600,000 51%
$1,537,474 $1,500,000 41%
$1,215,739 $1,136,500 50%
▶ RATIOOFMEDIANPRICES
▶ RECENTTRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTALINVENTORY ● MEDIANPRICE
96 94
81
78
1.81
1.78
75
56
67 63
1.57
1.56
60
1.48
46
1.47
44
48
53
29
41
28
37
36
31
24
29
21
23
21
21
14
$1.61M
$1.60M
$1.50M
$1.40M
$1.36M
$1.35M
$1.35M $1.31M
$1.34M
$1.33M
$1.33M
$1.27M
$1.14M
Dec-20
Nov-21
Dec-21
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELERS'MARKET 21%+
BALANCED 12-20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY ● S-LRATIO
14
100%
12
10
8
50%
6
31%
4
29%
25%
2
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-LRATIO SALES INVENTORY
0 1 n/a
6 3 50%
13 4 31%
10 10 100%
7 2 29%
4 1 25%
1 0 n/a
Copyright©January10,202reniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofJanuary10,202.AldatafromRealEstate BoardofGreaterVancouverandFraserValey&Rennie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycanotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.The recipientoftheinformationshouldtakestepsastherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbe obtainedfromarennieandasociatesadvisor.Alinformationissubjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromrenniegroupofcompanies.E.&O.E.
●
26
Made with FlippingBook - professional solution for displaying marketing and sales documents online