April Market Update for Metro Vancouver
Download the PDF for a price analysis for Metro Vancouver in April 2020. It includes detailed information on detached homes, attached condos and townhomes. Contact me if you have any questions!
March Market Update for New Westminster
Below is the price analysis for April 2020. It includes detailed information on detached homes, attached condos and townhomes. Check out the current market trends in New Westminster!
Market SummaryDETACHED
- Market Type Indicator NEW WESTMINSTER DETACHED: Balanced Market at 14% Sales Ratio average (1.4 in 10 homes selling rate)
- Homes are selling on average 5% below list price
- Most Active Price Band** $900,000 to $1 mil with average 44% Sales Ratio (Sellers market
- Buyers Best Bet** Homes between $1.25 mil to $1.5 mil, Queensborough and 5 to 6 bedroom properties
- Sellers Best Bet** Selling homes in Queens Park and 3 to 4 bedroom properties
With a minimum inventory of 10 in most instances
Market SummaryATTACHED
- Market Type Indicator NEW WESTMINSTER ATTACHED: Sellers Market at 21% Sales Ratio average (2.1 in 10 homes selling rate)
- Homes are selling on average 3% below list price
- Most Active Price Band** $400,000 to $500,000 with average 38% Sales Ratio (Sellers market)
- Buyers Best Bet** Homes between $800,000 to $900,000, Downtown, Fraserview and 3 bedroom properties
- Sellers Best Bet** Selling homes in Quay, Queensborough and up to 2 bedroom properties
With a minimum inventory of 10 in most instances
Data sourced from SnapStats Publishing.
