Real Estate Market Update | February 2022 - Todd Conner Real Estate

Real Estate Market Update | February 2022

February Market Update for New Westminster

Below is the price comparison for New Westminster Houses and Condos for February 2022. View sales ratio average, most active price band, sellers and buyer’s best bet homes, neighbourhoods and properties.

Market Summary DETACHED

  • Market Type Indicator NEW WEST MINSTER DETACHED: Sellers Market at 63% Sales Ratio average (6.3 in 10 homes selling rate)
  • Homes are selling on average 12% above list price
  • Most Active Price Band**$1.5 mil to $1.75 mil with average >100% Sales Ratio (Sellers market)
  • Buyers BestBet**Hom es between $1.25 mil to $1.5 mil,Queensborough and up to 2 bedroom properties
  • Sellers BestBet**Selling homes in The Heights 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 95% Sales Ratio average (9.5 in 10 homes selling rate)
  • Homes are selling on average 11% above list price
  • Most Active Price Band**$1 mil to $1.25 mil with average >100% Sales Ratio (Sellers market)
  • Buyers BestBet**Hom es between $900,000 to $1 mil ,Downtown ,Fraserview ,Queensborough and 3 bedroom properties
  • Sellers BestBet**Selling homes in Sapperton,Up town and up to 2 bedroom properties
**With minimum inventory of 10 in most instances

Data sourced from SnapStats Publishing.

February Market Update for Metro Vancouver

Download the PDF for a price analysis for Metro Vancouver in February 2022. Detailed information on detached homes, attached condos and townhomes are available!

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