Real Estate Market Update | June 2017

June Market Update

This is the price analysis for the month of June 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 NEWWESTMINSTER DETACHED: Sellers market at 39% Sales Ratio average (3.9 in 10 homes selling rate)
  • Homes are selling on average 1% above list price
  • Most Active Price Band**$1 mil to $1.25 mil with average 59% Sales Ratio (Sellers market)
  • Buyers Best Bet**Homes between $1.5 mil to $1.75 mil, Queensborough and minimum 7 bedroom properties
  • Sellers Best Bet**Homes in West End and 3 to 4 bedroom properties

Market Summary

ATTACHED
  • Official Market Type NEWWESTMINSTER ATTACHED:Sellers market at >100% Sales Ratio average (10 in 10 homes selling rate)
  • Homes are selling on average 5% above list price
  • Most Active Price Band**$200,000 to $600,000 with average >100% Sales Ratio (Sellers market)
  • Buyers Best Bet**Homes between $600,000 to $700,000 and Sapperton
  • Sellers Best Bet**Homes in Downtown, Fraserview, Quay and up to 3 bedroom properties

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