July Market Update for Metro Vancouver
Download the PDF for a price analysis for Metro Vancouver in July 2020. It includes detailed information on detached homes, attached condos and townhomes. Contact me if you have any questions!
Download NowJuly Market Update for New Westminster
Below is the price analysis for July 2020. It includes detailed information on detached homes, attached condos and townhomes. Check out the current market trends in New Westminster!
Market Summary DETACHED
- Market Type Indicator NEW WESTMINSTER DETACHED: Sellers Market at 32% Sales Ratio average (3.2 in 10 homes selling rate)
- Homes are selling on average 3% below list price
- Most Active Price Band** $1.5 mil to $1.75 mil with average 40% Sales Ratio (Sellers market)
- Buyers Best Bet** Homes between $1 mil to $1.25 mil, GlenBrooke North, Queensborough and 5 to 6 bedroom properties
- Sellers Best Bet** Selling homes in The Heights, West End and 3 to 4 bedroom properties
**With minimum inventory of 10 in most instances
Market Summary ATTACHED
- Market Type Indicator NEW WESTMINSTER ATTACHED: Sellers Market at 37% Sales Ratio average (3.7 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 62% Sales Ratio (Sellers market)
- Buyers Best Bet** Homes between $800,000 to $900,000, Sapperton, Uptown and 3 bedroom properties
- Sellers Best Bet** Selling homes in Downtown, Fraserview, GlenBrooke North and all but 3 bedroom properties
**With minimum inventory of 10 in most instances
