March Market Update for New Westminster
Below is the price comparison for New Westminster Houses and Condos for March 2022. View sales ratio average, most active price band, sellers and buyer’s best bet homes, neighbourhood and properties.
Market Summary DETACHED
- Market Type Indicator NEW WESTMINSTER DETACHED: Sellers Market at44% Sales Ratio average (4.4 in 10 homes selling rate)
- Homes are selling on average 9% above list price
- Most Active Price Band**$1.5 mil to $1.75 mil with average 73% Sales Ratio (Sellers market)
- Buyers Best Bet**Homes between $2.25 mil to $2.5 mil,Queensborough and up to 2 bedroom properties
- Sellers BestBet**Selling homes in Sapperton,West End and 5 to 6 bedroom properties
**With minimum inventory of 10 in most instances
Market Summary ATTACHED
- Market Type Indicator NEW WESTMINSTER ATTACHED: Sellers Market at 131% Sales Ratio average (13.1 in 10 homes selling rate)
- Homes are selling on average 6% above list price
- Most Active Price Band**$400,000 to $1.25 mil with average >100% Sales Ratio (Sellers market)
- Buyers Best Bet**Homes between $1.25 mil to $1.5 mil and Quay
- Sellers Best Bet**Selling homes in Downtown, Fraserview,Queensborough, Sapperton,Uptown and up to 3 bedroom properties
**With minimum inventory of 10 in most instances
