Real Estate Market Update | July 2017

July Market Update

This is the price analysis for the month of July 2017. It includes detailed information on detached homes, attached condos and townhomes. Take a look at the current market trends!

New Westminster

Market Summary

DETACHED
  • Official Market Type NEW WESTMINSTER DETACHED: Sellers market at 22% Sales Ratio average (2.2 in 10 homes selling rate)
  • Homes are selling on average 3% above list price
  • Most Active Price Band**$1 mil to $1.25 mil with average 33% Sales Ratio (Sellers market)
  •  Buyers BestBet**Homes between $1.5 mil to $1.75 mil, Queensborough and minimum 7 bedroom properties
  • Sellers BestBet**Homes in The Heights and 3 to 4 bedroom properties

Market Summary

ATTACHED
  • Official Market Type NEW WESTMINSTER ATTACHED:Sellers market at 80% Sales Ratio average (4 in 5 homes selling rate)
  • Homes are selling on average 2% above list price
  • Most Active Price Band**$300,000 to $500,000 with average >100% Sales Ratio (Sellers market)
  • Buyers BestBet**Homes between $500,000 to $700,000, Fraserview, Quay and 3 bedroom properties
  • Sellers BestBet**Homes in Downtown, Sapperton and up to 1 bedroom properties

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