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

Real Estate Market Update | August 2019

Data sourced from SnapStats Publishing.

August Market Update for New Westminster


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

Market Summary

DETACHED

  • Balanced Market at 12% Sales Ratio average (1.2 in 10 homes selling rate)
  • Homes are selling on average 2% below list price
  • Most Active Price Band** $1 mil to $1.25 mil with average 19% Sales Ratio (Balanced market)
  • Buyers Best Bet** Homes between $1.5 mil to $1.75 mil, West End, and minimum 5 bedroom properties
  • Sellers Best Bet** Selling homes in The Heights and up to 2 bedroom properties

With a minimum inventory of 10 in most instances

 

 

Market Summary

ATTACHED

  • Sellers Market at 24% Sales Ratio average (2.4 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 41% Sales Ratio (Sellers market)
  • Buyers Best Bet** Homes between $700,000 to $800,000, Queensborough and 3 bedroom properties
  • Sellers Best Bet* Selling homes in Fraserview, Quay and up to 1 bedroom properties

With a minimum inventory of 10 in most instances

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