March Market Update for Metro Vancouver
Download the PDF for a price analysis for Metro Vancouver in March 2021. It includes detailed information on detached homes, attached condos and townhomes. Contact me if you have any questions!
Download NowMarch Market Update for New Westminster
Below is the price analysis for March 2021. 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 55% Sales Ratio average (5.5 in 10 homes selling rate)
- Homes are selling on average 4% above list price
- Most Active Price Band** $1.25 mil to $1.5 mil with average 85% Sales Ratio (Sellers market)
- Buyers Best Bet** Homes between $900,000 to $1 mil, Queensborough and up to 2 bedroom properties
- Sellers Best Bet** Selling homes in The Heights, West End and minimum 7 bedroom properties
**With minimum inventory of 10 in most instances
Market Summary ATTACHED
- Market Type Indicator NEW WESTMINSTER ATTACHED: Sellers Market at 85% Sales Ratio average (8.5 in 10 homes selling rate)
- Homes are selling on average 100% of list price
- Most Active Price Band** $600,000 to $700,000 with average >100% Sales Ratio (Sellers market)
- Buyers Best Bet** Homes between $900,000 to $1 mil, Downtown, Sapperton and up to 1 bedroom properties
- Sellers Best Bet** Selling homes in Fraserview, Quay, Queensborough and 3 bedroom properties
**With minimum inventory of 10 in most instances
