new w estm inster DETACHED -JANUARY 2023
SALES TO LISTINGSRATIO 19% BALANCEDMARKET
▶ MARKETSUMMARY
AVERAGEPRICE
MEDIAN PRICE
TOTALLISTINGS
SALES
▼ 26% VS 2022
▼ 27% VS 2022
▲ 31% VS 2022
▼ 39% VS 2022
Therew ere 59 detached listingsin N ew W estm insterin January,6% below D ecem berand 31% higherthan January2022. January detached hom esalesincreased by m onth-over-m onth,to 11,and were39% below January 2022. Thesales-to-listing ratio fordetached in N ew W estm inster,at19% ,reflected abalanced m arket. Thedetachedm edian pricein Januarywas$1,235,000,a 19% decreasefrom D ecem berand 27% below January 2022. Theaveragesold pricewas$1,303,818,18% below last m onth and down 26% toJanuary2022.
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No.
% Change
No.
% Change
TOTALLISTINGS TOTALSALES
11 59
18 45
-26% -27% -53% -39% 31%
$1,590,611 $1,520,000 14% 9 63
-18% -19% 31% 22% -6%
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE
$1,303,818 $1,235,000 19%
$1,761,778 $1,695,000 40%
▶ RATIO OFMEDIAN PRICES
▶ RECENTTRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
84
90
89
88
88
87
76
84
1.77
68
1.64
1.62
1.56
1.54
59
63
45 48
1.29
32
29
20
17
23
12
18
1
13
1
9 9
9
$1.70M $1.68M $1.64M $1.70M
$1.52M
$1.48M
$1.47M $1.55M
$1.37M $1.32M $1.37M
$1.34M
$1.24M
Jan-22
Dec-22
Jan-23
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21% +
BALANCED 12 - 20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY ● S-L RATIO
25
100%
20
15
10
5
17%
13%
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-L RATIO SALES INVENTORY
0 2 n/a
4 4 100%
12 2 17%
23 3 13%
12 0 n/a
4 0 n/a
4 0 n/a
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