Real Estate Market Update | Nov 2017

November Market Update

This is the price analysis for the month of November 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 32% Sales Ratio average (3.2 in 10 homes selling rate)
  • Homes are selling on average at list price
  • Most Active Price Band**$1 mil to $1.25 mil with average 100% Sales Ratio (Sellers market)
  • Buyers Best Bet**Homes between $900,000 to $1 mil, GlenBrooke North and minimum 7 bedroom properties
  • Sellers Best Bet**Homes in The Heights and 3 to 4 bedroom properties

Market Summary

ATTACHED
  • Official Market Type NEW WESTMINSTER ATTACHED:Sellers market at > 100% Sales Ratio average (10 in 10 homes selling rate)
  • Homes are selling on average at list price
  • Most Active Price Band**$300,000 to $700,000 with average > 100% Sales Ratio (Sellers market)
  • Buyers Best Bet**Homes between $700,000 to $800,000, Fraserview, Queensborough and 3 bedroom properties
  • Sellers BestBet**Homes in Downtown, Quay, Uptown and up to 2 bedroom properties

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