new w estm inster CONDO -JANUARY 2023
SALES TO LISTINGSRATIO 21% SELLERS'M ARKET
▶ MARKETSUMMARY Therewere128 condolistingsin N ew W estm insterin January,8% aboveD ecem berand 60% higherthan January2022. January condo salesdecreased by 25% m onth-over-m onth,to 27,and were63% below January 2022. Thesales-to-listing ratio forcondosin N ew W estm inster, at21% ,reflected aselers'm arket. Thecondom edian pricein Januarywas$590,000,a1.9% changefrom D ecem berand 4% below January2022. Theaveragesold pricewas$587,732,6% below last m onth;theaveragePSF salepricewas$681,up 4% to lastm onth.
AVERAGEPRICE
AVERAGE PSF PRICE ▼ 0.1% VS 2022
MEDIAN PRICE
TOTALLISTINGS
SALES
▼ 7% VS 2022
▼ 4% VS 2022
▲ 60% VS 2022
▼ 63% VS 2022
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No.
% Change
No.
% Change
TOTALLISTINGS TOTALSALES
$681 $587,732 $590,000 21% 27 128
72 80
-0.1% -7% -4% -77% -63% 60%
$655 $627,233 $601,550 30% 36 119
4% -6% -1.9% -30% -25% 8%
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF
$682 $633,120 $614,389 90%
▶ AVG PRICEPERSQUAREFOOT
▶ RECENTTRENDS
● JAN 202 ● JAN 2023
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
175
171 168 171
149
165
161 161
19
128
133
104
19
81
102
95
80
82
59
72
62
51
48
44
27
36
$641K $675K
$630K $630K
$614K
$602K $590K
$590K $562K $602K $575K
$555K $598K
NEW W ESTMINSTER REBGV
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21% +
BALANCED 12 - 20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-L RATIO
60
50
4+ bdrms
40
3
60%
3 bdrms
30
21
20
31%
15
2 bdrms
20%
10
72
9%
0
9
<$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
5 3 60%
35 11 31%
55 11 20%
9%
2 0 n/a
6 0 n/a
3 0 n/a
35
22 2
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