Real Estate Market Update | December 2023 - Todd Conner Real Estate

Real Estate Market Update | December 2023

December Market Update for New Westminster

Below is the price comparison for New Westminster Houses and Condos for December 2023. 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 17% Sales Ratio average (1.7 in 10 homes selling rate)
  • Homes are selling on average 4% below list price
  • Most Active Price Band** Insufficient data (minimum inventory of 10 not present)
  • Buyers Best Bet** Insufficient data except for homes with 5 to 6 bedrooms
  • Sellers Best Bet** Selling homes in Queensborough,The Heights, West End 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 27% Sales Ratio average (2.7 in 10 homes selling rate)
  • Homes are selling on average 4% below list price
  • Most Active Price Band** $500,000 to $600,000 with average 58% Sales Ratio (Sellers market)
  • Buyers Best Bet** Homes between $1 mil to $1.25 mil, Downtown and 3 bedroom properties
  • Sellers Best Bet** Selling homes in Uptown and 2 bedroom properties
  • **With minimum inventory of 10 in most instances

Data sourced from SnapStats Publishing.

December Market Update for Metro Vancouver

Download the PDF for a price analysis for Metro Vancouver in December 2023. Detailed information on detached homes, attached condos and townhomes are available!

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