newwestminster CONDO-DECEMBER 2021
SALESTO LISTINGSRATIO 87% SELLERS'MARKET
▶ MARKETSUMMARY Therewere110condolistingsinNewWestminsterin December,39%belowNovemberand53%lowerthan December2020. Decembercondosalesdecreasedby26% month-over-month,to96,andwere7%belowDecember 2020. Thesales-to-listingratioforcondosinNewWestminster, at87%,reflectedaselers'market. ThecondomedianpriceinDecemberwas$570,000,a 2%increasefromNovemberand15%aboveDecember 2020. Theaveragesoldpricewas$577,847,0.6%belowlast month;theaveragePSFsalepricewas$675,up4%to lastmonth.
AVERAGEPRICE
AVERAGE PSFPRICE ▲ 13% VS2020
MEDIANPRICE
TOTALLISTINGS
SALES
▲ 16% VS2020
▲ 15% VS2020
▼ 53% VS2020
▼ 7% VS2020
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No. 44% 103 236
%Change
No. 72% 129 179
%Change
TOTALLISTINGS TOTALSALES
$675 $577,847 $570,000 87% 96 110
13% 16% 15% 100% -7% -53%
4% -0.6% 2% 21% -26% -39%
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF
$648 $581,155 $558,000
$598 $498,741 $495,000
▶ AVGPRICEPERSQUAREFOOT
▶ RECENTTRENDS
● DEC 2020 ● DEC 2021
● SALES ● TOTALINVENTORY ● MEDIANPRICE
235
241
236
248
243
239
174 227
228
225
225
179
209
129
129
18
12
136
103
10
11
106
105
102
96
66
$572K
$565K
$570K
$561K
$558K
$550K
$555K
$550K
$538K
$540K
$538K
$519K
$495K
NEWWESTMINSTER REBGV
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELERS'MARKET 21%+
BALANCED 12-20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-LRATIO
40
100%+ 100%+ 100%+
4+bdrms
1
30
9
3bdrms
11
20
54
24%
10
2bdrms
81
0
33
<$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
7 12 171%
34 42 124%
25 34 136%
33 8 24%
6 0 n/a
4 0 n/a
1 0 n/a
17
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