new w estm inster TOWNHOME-JANUARY 2023
SALES TO LISTINGSRATIO 9% BUYERS'MARKET
▶ MARKETSUMMARY
AVERAGEPRICE
AVERAGE PSF PRICE ▼ 3% VS 2022
MEDIAN PRICE
TOTALLISTINGS
SALES
▼ 3% VS 2022
▼ 0.3% VS 2022
▲ 57% VS 2022
▼ 60% VS 2022
Therewere22 townhom elistingsin N ew W estm insterin January,16% aboveD ecem berand 57% higherthan January2022. Januarytownhom esalesdecreased by71% m onth-over-m onth,to 2,and were60% below January 2022. Thesales-to-listing ratio fortow nhom esin N ew W estm inster,at9% ,reflected abuyers'm arket. Thetownhom em edian pricein Januarywas$957,500,a 4% changefrom D ecem berand 0.3% below January2022. Theaveragesold pricewas$957,500,7% abovelast m onth;theaveragePSF salepricewas$717,up 20% to lastm onth.
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No.
% Change
No.
% Change
TOTALLISTINGS TOTALSALES
$717 $957,500 $957,500 9% 2 22
$740 $985,980 $960,000 36% 5 14
-3% -3% -0.3% -75% -60% 57%
$598 $898,286 $925,000 37% 7 19
20% 7% 4% -75% -71% 16%
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF
▶ AVG PRICEPERSQUAREFOOT
▶ RECENTTRENDS
● JAN 202 ● JAN 2023
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
31
32
28
28
31
25
25
23
22
18
15
19
18
18
13
12
15
14
7
8
7
7
5
4 4
2
$1.03M $1.09M
$1.03M
$1.01M $970K $1.00M
$960K $984K
$950K
$925K $958K
$863K
$822K
NEW W ESTMINSTER REBGV
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21% +
BALANCED 12 - 20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-L RATIO
12
10
4+ bdrms
5
8
2
3 bdrms
6
11
4
22%
2 bdrms
2
6
0
<$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
1 0 n/a
9 2 22%
11 0 n/a
1 0 n/a
Copyright© February6,2023renniegroupofcom panies.Alrightsreserved.Thism aterialm aynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenperm is ionoftherenniegroupofcom panies.CurentasofFebruary6,2023.Aldatafrom RealEstateBoardofGreater VancouverandFraserValey& Ren ie.W hiletheinform ationanddatacontainedhereinhasbe nobtainedfrom sourcesde m edreliable,ac uracycannotbeguarante d.renniegroupofcom paniesdoesnotas um eresponsibiltyorliabiltyforanyinac uracies.Therecipientoftheinform ationshould takestepsastherecipientm ayde m neces arytoverifytheinform ationpriortoplacinganyrelianceupontheinform ation.Theinform ationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfrom arennieandas ociatesadvisor.Al inform ationissubjecttochangeandanypropertym aybewithdrawnfrom them arketatanytim ewithoutnoticeorobligationtotherecipientfrom ren iegroupofcom panies.E.&O.E. 30 ●
Made with FlippingBook - professional solution for displaying marketing and sales documents online