Real Estate Market Update | July 2021 - Todd Conner Real Estate

Real Estate Market Update | July 2021

July Market Update for New Westminster

Below is the price comparison for New Westminster Houses and Condos for July 2021. 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 44% Sales Ratio average (4.4 in 10 homes selling rate)
  • Homes are selling on average 1% above list price
  • Most Active Price Band** $1.25 mil to $1.5 mil with average >100% Sales Ratio (Sellers market)
  • Buyers Best Bet** Homes between $1.5 mil to $1.75 mil, Sapperton and up to 2 bedroom properties
  • Sellers Best Bet** Selling homes in Queensborough, The Heights 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 51% Sales Ratio average (5.1 in 10 homes selling rate)
  • Homes are selling on average 3% above list price
  • Most Active Price Band** $400,000 to $500,000 with average 77% Sales Ratio (Sellers market)
  • Buyers Best Bet** Homes between $800,000 to $900,000, Downtown and 3 bedroom properties
  • Sellers Best Bet** Selling homes in Fraserview and up to 1 bedroom properties

**With minimum inventory of 10 in most instances

Data sourced from SnapStats Publishing.

July Market Update for Metro Vancouver

Download the PDF for a price analysis for Metro Vancouver in July 2021. Detailed information on detached homes, attached condos and townhomes are available!

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