Data sourced from SnapStats Publishing.
July Market Update for New Westminster
Below is the price analysis for July 2019. It includes detailed information on detached homes, attached condos and townhomes. Check out the current market trends in New Westminster!
Market Summary
DETACHED
- Balanced Market at 15% Sales Ratio average (1.5 in 10 homes selling rate)
- Homes are selling on average 5% below list price
- Most Active Price Band** $800,000 to $900,000 with average 38% Sales Ratio (Sellers market)
- Buyers Best Bet** Homes between $1 mil to $1.25 mil, Queensborough, The Heights and minimum 7 bedroom properties
- Sellers Best Bet** Selling homes in Connaught Heights, West End 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 2% below list price
- Most Active Price Band** $400,000 to $500,000 with average 42% 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 GlenBrooke North and up to 1 bedroom properties
With a minimum inventory of 10 in most instances
Do you want to get more detailed information?
Subscribe now to receive the full reports on the market trends from Greater Vancouver and Metro Vancouver!”
