Data sourced from SnapStats Publishing.
December Market Update for New Westminster
Below is the price analysis for December 2018. 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 15% Sales Ratio average (1.5 in 10 homes selling rate)
- Homes are selling on average 1% above list price
- Most Active Price Band** $1.25 mil to $1.5 mil with average 25% Sales Ratio (Sellers market)
- Buyers Best Bet** Homes between $900,000 to $1 mil, Queensborough, Sapperton and 5 to 6 bedroom properties
- Sellers Best Bet** Selling homes in The Heights, West End and 3 to 4 bedroom properties
With a minimum inventory of 10 in most instances
Market Summary
ATTACHED
- Balanced Market at 20% Sales Ratio average (2 in 10 homes selling rate)
- Homes are selling on average 100% of list price
- Most Active Price Band** $400,000 to $500,000 with average 44% 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, Sapperton and up to 1 bedroom properties
With a minimum inventory of 10 in most instances
