July Market Update
This is the price analysis for the month of July 2017. It includes detailed information on detached homes, attached condos and townhomes. Take a look at the current market trends!
New Westminster
Market Summary
DETACHED
- Official Market Type NEW WESTMINSTER DETACHED: Sellers market at 22% Sales Ratio average (2.2 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 33% Sales Ratio (Sellers market)
- Buyers BestBet**Homes between $1.5 mil to $1.75 mil, Queensborough and minimum 7 bedroom properties
- Sellers BestBet**Homes in The Heights and 3 to 4 bedroom properties
Market Summary
ATTACHED
- Official Market Type NEW WESTMINSTER ATTACHED:Sellers market at 80% Sales Ratio average (4 in 5 homes selling rate)
- Homes are selling on average 2% above list price
- Most Active Price Band**$300,000 to $500,000 with average >100% Sales Ratio (Sellers market)
- Buyers BestBet**Homes between $500,000 to $700,000, Fraserview, Quay and 3 bedroom properties
- Sellers BestBet**Homes in Downtown, Sapperton and up to 1 bedroom properties
