December Market Update for New Westminster
Below is the price comparison for New Westminster Houses and Condos for December 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 16% Sales Ratio average (1.6 in 10 homes selling rate)
- Homes are selling on average 3% below list price
- Most Active Price Band** $2.25 mil to $2.5 mil with average 13% Sales Ratio (Balanced market)
- Buyers Best Bet** Homes between $1.25 mil to $1.5 mil, The Heights and 5 to 6 bedroom properties
- Sellers Best Bet** Selling homes in Queensborough and 3 to 4 bedroom properties
**With minimum inventory of 10 in most instances
Market Summary ATTACHED
- Market Type Indicator NEW WESTMINSTER ATTACHED: Sellers Market at 33% Sales Ratio average (3.3 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 78% Sales Ratio (Sellers market)
- Buyers Best Bet** Homes between $1.25 mil to $1.5 mil, Downtown and 3 bedroom properties
- Sellers Best Bet** Selling homes in Fraserview and 2 bedroom properties
**With minimum inventory of 10 in most instances
