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

Real Estate Market Update | May 2019

Data sourced from SnapStats Publishing.

May Market Update for New Westminster


Below is the price analysis for May 2019. It includes detailed information on detached homes, attached condos and townhomes. Check out the current market trends in New Westminster!

Market Summary

DETACHED
  • Buyers Market at 19% Sales Ratio average (1.9 in 10 homes selling rate)
  • Homes are selling on average 4% below list price
  • Most Active Price Band** $900,000 to $1 mil with average 50% Sales Ratio (Sellers market)
  • Buyers Best Bet** Homes between $1.75 mil to $2 mil, Queensborough, Sapperton and minimum 7 bedroom properties
  • Sellers Best Bet** Selling homes in Queens Park and minimum 2 bedroom properties
With a minimum inventory of 10 in most instances
New West Market Update 2019

Market Summary

ATTACHED
  • Sellers Market at 25% Sales Ratio average (2.5 in 10 homes selling rate)
  • Homes are selling on average 3% below list price
  • Most Active Price Band** $400,000 to $500,000 with average 33% Sales Ratio (Sellers market)
  • Buyers Best Bet** Homes between $900,000 to $1 mil, Queensborough, Sapperton and a minimum 3 bedroom properties
  • Sellers Best Bet* Selling homes in Fraserview, Glenbrooke North, Quay and 2 bedroom properties
With a minimum inventory of 10 in most instances
New West Market Update 2019

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