Real Estate Market Update | July 2018

July Market Update for New Westminster

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

Market Summary

DETACHED
  • Balanced Market at 19% Sales Ratio average (1.9 in 10 homes selling rate)
  • Homes are selling on average 7% below list price
  • Most Active Price Band** $1 mil to $1.25 mil with average 35% Sales Ratio (Sellers market
  • Buyers Best Bet** Homes between $1.25 mil to $1.5 mil, Queensborough and 3 to 4 bedroom properties
  • Sellers Best Bet** Selling homes in Queens Park. The Heights and 5 to 6 bedroom properties
Win a minimum inventory of 10 in most instances
New West Market Update Apr 2018

Market Summary

ATTACHED
  • Sellers Market at 41% Sales Ratio average (4.1 in 10 homes selling rate)
  • Homes are selling on average 1% below list price
  • Most Active Price Band** $300,000 to $400,000 with average 94% Sales Ratio (Sellers market)
  • Buyers Best Bet** Homes between $700,000 to $800,000, Queensborough and 2 bedroom properties
  • Sellers Best Bet Selling homes in the Quay 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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