Real Estate Market Update | April 2018

April Market Update for New Westminster

Below is the price analysis for April 2018. It includes detailed information on detached homes, attached condos and townhomes. Check out the current market trends in New Westminster!

Market Summary

DETACHED
  • Sellers market at 29% Sales Ratio average (2.9 in 10 homes selling rate)
  • Homes are selling on average 2% below list price
  • Most Active Price Band** $1 mil to $1,25 mil with average 61% Sales Ratio (Sellers market speed)
  • Buyers Best Bet** Homes between $1.5 mil to $1.75 mil, Queensborough and 3 to 4 bedroom properties
  • Sellers Best Bet** Homes in The Heights and up to 2 bedroom properties
Win a minimum inventory of 10 in most instances
New West Market Update Apr 2018

Market Summary

ATTACHED
  • Sellers market at 69% Sales Ratio average (6.9 in 10 homes selling rate)
  • Homes are selling on average 5% above list price
  • Most Active Price Band* $300,000 to $400,000 with average >100% Sales Ratio (Sellers market speed)
  • Buyers Best Bet** Homes between $900,000 to $1 mil, Sapperton and 3 bedroom properties
  • Sellers Best Bet** Homes in Downtown and up to 1 bedroom properties
Win a minimum inventory of 10 in most instances
New West Market Update Apr 2018

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