January Market Update for New Westminster
Below is the price comparison for New Westminster Houses and Condos for January 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 WESTMINSTER DETACHED: Sellers Market at 42% Sales Ratio average (4.2 in 10 homes selling rate)
- Homes are selling on average 15% above list price
- Most Active Price Band** $1.5 mil to $1.75 mil with average 50% Sales Ratio (Sellers market)
- Buyers Best Bet** Homes between $1.25 mil to $1.5 mil, The Heights and up to 4 bedroom properties
- Sellers Best Bet** Selling homes in Queensborough 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 79% Sales Ratio average (7.9 in 10 homes selling rate)
- Homes are selling on average 3% above list price
- Most Active Price Band** $500,000 to $600,000 with average 100% Sales Ratio (Sellers market)
- Buyers Best Bet** Homes between $800,000 to $900,000, Downtown, Queensborough and 3 bedroom properties
- Sellers Best Bet** Selling homes in Quay, Uptown and up to 1 bedroom properties
**With minimum inventory of 10 in most instances
