Real Estate Market Update | July 2019 - Todd Conner Real Estate

Real Estate Market Update | July 2019

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

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