Data sourced from SnapStats Publishing.
January Market Update for New Westminster
Below is the price analysis for January 2019. It includes detailed information on detached homes, attached condos and townhomes. Check out the current market trends in New Westminster!
Market Summary
DETACHED
- Buyers Market at 10% Sales Ratio average (1 in 10 homes selling rate)
- Homes are selling on average 6% below list price
- Most Active Price Band** $1 mil to $1.25 mil with average 28% Sales Ratio (Sellers market)
- Buyers Best Bet** Homes between $1.25 to $1.5 mil, Queensborough, West End and 5 to 6 bedroom properties
- Sellers Best Bet** Selling homes in The Heights and 3 to 4 bedroom properties
With a minimum inventory of 10 in most instances
Market Summary
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** $300,000 to $400,000 with average 73% Sales Ratio (Sellers market)
- Buyers Best Bet** Homes between $800,000 to $900,000, Quay, Sapperton and 3 bedroom properties
- Sellers Best Bet* Selling homes in Fraserview, GlenbBrooke North and up to 1 bedroom properties
With a minimum inventory of 10 in most instances
