Real Estate Market Update | Mar 2019 - Todd Conner Real Estate

Real Estate Market Update | Mar 2019

Data sourced from SnapStats Publishing.

March Market Update for New Westminster


Below is the price analysis for March 2019. It includes detailed information on detached homes, attached condos and townhomes. Check out the current market trends in New Westminster!

Market Summary

DETACHED

  • Buyers Market at 10% Sales Ratio average (1 in 10 homes selling rate)
  • Homes are selling on average 3% below list price
  • Most Active Price Band** $1 mil to $1.25 mil with average 17% Sales Ratio (Balanced market)
  • Buyers Best Bet** Homes between $1.25 mil to $1.5 mil and 3 to 4 bedroom properties
  • Sellers Best Bet** Selling homes with 5 to 6 bedroom properties

With a minimum inventory of 10 in most instances

New West Market Update 2019

Market Summary

ATTACHED

  • Sellers Market at 22% Sales Ratio average (2.2 in 10 homes selling rate)
  • Homes are selling on average 2% below list price
  • Most Active Price Band** $300,000 to $400,000 with average 38% Sales Ratio (Sellers market)
  • Buyers Best Bet** Homes between $800,000 to $900,000, Queensborough and 3 bedroom properties
  • Sellers Best Bet* Selling homes in GlenBrooke North up to 1 bedroom properties

With a minimum inventory of 10 in most instances

New West Market Update 2019

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