January Market Update for Metro Vancouver
Download the PDF for a price analysis for Metro Vancouver in January 2020. It includes detailed information on detached homes, attached condos and townhomes. Contact me if you have any questions!
January Market Update for New Westminster
Below is the price analysis for January 2020. It includes detailed information on detached homes, attached condos and townhomes. Check out the current market trends in New Westminster!
Market SummaryDETACHED
- Buyers Market at 10% Sales Ratio average (1 in 10 homes selling rate)
- Homes are selling on average 3% above list price
- Most Active Price Band** $1 mil to $1.25 mil with average 23% Sales Ratio (Sellers market)
- Buyers Best Bet** Homes between $1.25 mil to $1.5 mil, Queensborough and minimum 5 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
Data sourced from SnapStats Publishing.
Market SummaryATTACHED
- Sellers Market at 22% Sales Ratio average (2.2 in 10 homes selling rate)
- Homes are selling on average 1% above list price
- Most Active Price Band** $400,000 to $500,000 with average 38% Sales Ratio (Sellers market)
- Buyers Best Bet** Homes between $700,000 to $800,000, Downtown, Fraserview, Uptown and 3 bedroom properties
- Sellers Best Bet* Selling homes in Quay, Queensborough, Sapperton and up to 1 bedroom properties
With a minimum inventory of 10 in most instances
