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

Real Estate Market Update | Apr 2019

Data sourced from SnapStats Publishing.

April Market Update for New Westminster


Below is the price analysis for April 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 7% below list price
  • Most Active Price Band** $800,000 to $900,000 with average 22% Sales Ratio (Sellers market)
  • Buyers Best Bet** Homes between $1 mil to $1.25 mil, The Heights and 5 to 6 bedroom properties
  • Sellers Best Bet** Selling homes in Queens Park and minimum 7 bedroom properties

With a minimum inventory of 10 in most instances

New West Market Update 2019

Market Summary

ATTACHED

  • Sellers Market at 26% Sales Ratio average (2.6 in 10 homes selling rate)
  • Homes are selling on average 3% below list price
  • Most Active Price Band** $300,000 to $400,000 with average 55% Sales Ratio (Sellers market)
  • Buyers Best Bet** Homes between $800,000 to $900,000, Queensborough and 2 to 3 bedroom properties
  • Sellers Best Bet* Selling homes in Downtown and up to 1 bedroom properties

With a minimum inventory of 10 in most instances

New West Market Update 2019

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