February Market Update for New Westminster
Below is the price comparison for New Westminster Houses and Condos for February 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 18% Sales Ratio average (1.8 in 10 homes selling rate)
- Homes are selling on average 6% below list price
- Most Active Price Band** $1.25 mil to $1.5 mil with average 25% Sales Ratio (Sellers market)
- Buyers Best Bet** Homes between $1.5 mil to $1.75 mil, Queensborough and 5 to 6 bedroom properties
- Sellers Best Bet** 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: Seller’s Market at 38% Sales Ratio average (3.8 in 10 homes selling rate)
- Homes are selling on average 100% of list price
- Most Active Price Band** $800,000 to $900,000 with average 54% Sales Ratio (Sellers market)
- Buyers Best Bet** Homes between $900,000 to 1 mil, Queensborough and 3 bedroom properties
- Sellers Best Bet** Selling homes in Quay and 2 bedroom properties
