February Market Update for Metro Vancouver
Download the PDF for a price analysis for Metro Vancouver in February 2021. It includes detailed information on detached homes, attached condos and townhomes. Contact me if you have any questions!
February Market Update for New Westminster
Below is the price analysis for February 2021. It includes detailed information on detached homes, attached condos and townhomes. Check out the current market trends in New Westminster!
Market Summary DETACHED
- Market Type Indicator NEW WESTMINSTER DETACHED: Sellers Market at 58% Sales Ratio average (5.8 in 10 homes selling rate)
- Homes are selling on average 7% above list price
- Most Active Price Band** $1.25 mil to $1.5 mil with average 92% Sales Ratio (Sellers market)
- Buyers Best Bet** Homes between $1.5 mil to $1.75 mil, Queensborough, The Heights and 3 to 4 bedroom properties
- Sellers Best Bet** Selling homes in Sapperton 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 52% Sales Ratio average (5.2 in 10 homes selling rate)
- Homes are selling on average 1% below list price
- Most Active Price Band** $500,000 to $600,000 with average 73% Sales Ratio (Sellers market)
- Buyers Best Bet** Homes between $1 mil to $1.25 mil, Quay and up to 1 bedroom properties
- Sellers Best Bet** Selling homes in Queensborough, Uptown and 2 bedroom properties
**With minimum inventory of 10 in most instances
Data sourced from SnapStats Publishing.
