newwestminster TOWNHOME-DECEMBER 2021
SALESTO LISTINGSRATIO 286% SELLERS'MARKET
▶ MARKETSUMMARY Therewere7townhomelistingsinNewWestminsterin December,59%belowNovemberand79%lowerthan December2020. Decembertownhomesalesdecreasedby13% month-over-month,to20,andwere5%belowDecember 2020. Thesales-to-listingratiofortownhomesinNew Westminster,at286%,reflectedaselers'market. ThetownhomemedianpriceinDecemberwas$897,450, a8%increasefromNovemberand23%aboveDecember 2020. Theaveragesoldpricewas$884,235,5%belowlast month;theaveragePSFsalepricewas$649,down1.9% tolastmonth.
AVERAGEPRICE
AVERAGE PSFPRICE ▲ 25% VS2020
MEDIANPRICE
TOTALLISTINGS
SALES
▲ 23% VS2020
▲ 23% VS2020
▼ 79% VS2020
▼ 5% VS2020
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No.
%Change
No.
%Change
TOTALLISTINGS TOTALSALES
$649 $884,235 $897,450 286% 20 7
21 33
25% 23% 23% 349% -5% -79%
23 17
-1.9% -5% 8% 111% -13% -59%
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF
$518 $717,590 $730,000 64%
$662 $934,022 $828,000 135%
▶ AVGPRICEPERSQUAREFOOT
▶ RECENTTRENDS
● DEC 2020 ● DEC 2021
● SALES ● TOTALINVENTORY ● MEDIANPRICE
40
36
31
33
30
25
25
23
21
21
21
19
19
20
17
17
21
21
19
19
18
16
16
13
9
7
$930K
$897K
$875K
$880K
$865K
$851K
$842K
$830K
$828K
$768K
$750K
$730K
$688K
NEWWESTMINSTER REBGV
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELERS'MARKET 21%+
BALANCED 12-20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-LRATIO
2
100%+ 100%+
8
4+bdrms
1
6
10
3bdrms
2
4
7
2bdrms
2
4
0
1
<$400K $400-599K $600-799K $800-999K $1.0M-1.24M $1.25M-1.49M $1.5M-1.99M $2M+
<2bdrms
S-LRATIO SALES INVENTORY
0 1 n/a
3 6 200%
4 9 225%
0 3 n/a
0 1 n/a
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