Data sourced from SnapStats Publishing.
February Market Update for New Westminster
Below is the price analysis for February 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 8% below list price
- Most Active Price Band** $900,000 to $1 mil with average 27% Sales Ratio (Sellers market)
- Buyers Best Bet** Homes between $1 mil to $1.5 mil, The Heights and minimum 7 bedroom properties
- Sellers Best Bet** Selling homes in West End and 3 to 4 bedroom properties
With a minimum inventory of 10 in most instances
Market Summary
ATTACHED
- 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** $300,000 to $400,000 with average 50% Sales Ratio (Sellers market)
- Buyers Best Bet** Homes between $700,000 to $900,000, Queensborough and 3 bedroom properties
- Sellers Best Bet* Selling homes in Fraserview, Uptown and up to 1 bedroom properties
With a minimum inventory of 10 in most instances
