August Market Update for New Westminster
Below is the price comparison for New Westminster Houses and Condos for August 2022. View sales ratio average, most active price band, sellers and buyer’s best bet homes, neighbourhood and properties.
Market Summary DETACHED
- Market Type Indicator NEW WESTMINSTER DETACHED: Balanced Market at 15% Sales Ratio average (1.5 in 10 homes selling rate)
- Homes are selling on average 8% below list price
- Most Active Price Band**$1.25 mil to $1.5 mil with average 26% Sales Ratio (Sellers market)
- Buyers Best Bet**Homes between $1.75 mil to $2 mil, Glen Brooke North, Queensborough, West End and 5 to 6 bedroom properties
**With minimum inventory of 10 in most instances
Market Summary ATTACHED
- Market Type Indicator NEW WESTMINSTER ATTACHED: Sellers Market at 34% Sales Ratio average (3.4 in 10 homes selling rate)
- Homes are selling on average 2% below list price
- Most Active Price Band**$500,000 to $600,000 with average 47% Sales Ratio (Sellers market)
- Buyers Best Bet**Homes between $1 mil to $1.25 mil, Downtown and 2 bedroom properties
- Sellers Best Bet**Selling homes in Quay, Queensborough and up to 1 bedroom properties
**With minimum inventory of 10 in most instances
Data sourced from SnapStats Publishing.
