Real Estate Market Update | May 2020 - Todd Conner Real Estate

Real Estate Market Update | May 2020

May Market Update for Metro Vancouver

Download the PDF for a price analysis for Metro Vancouver in May 2020. It includes detailed information on detached homes, attached condos and townhomes. Contact me if you have any questions!

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May Market Update for New Westminster

Below is the price analysis for May 2020. It includes detailed information on detached homes, attached condos and townhomes. Check out the current market trends in New Westminster!
Market SummaryDETACHED

  •  Market Type Indicator NEW WESTMINSTER DETACHED: Sellers Market at 29% Sales Ratio average (2.9 in 10 homes selling rate)
  • Homes are selling on average 1% above list price
  • Most Active Price Band** $1 mil to $1.25 mil with average 27% Sales Ratio (Sellers market)
  • Buyers Best Bet** Homes between $1.25 mil to $1.5 mil, Connaught Heights, Queensborough and minimum 7 bedroom properties
  • Sellers Best Bet** Selling homes in GlenBrooke North, The Heights and 3 to 4 bedroom properties

**With minimum inventory of 10 in most instances

Market SummaryATTACHED

  • Market Type Indicator NEW WESTMINSTER ATTACHED: Balanced Market at 20% Sales Ratio average (2 in 10 homes selling rate)
  • Homes are selling on average 4% below list price
  • Most Active Price Band** $400,000 to $500,000 with average 33% Sales Ratio (Sellers market)
  • Buyers Best Bet** Homes between $700,000 to $800,000, Downtown, Queensborough and 3 bedroom properties
  • Sellers Best Bet** Selling homes in Fraserview, Sapperton and up to 2 bedroom properties

**With minimum inventory of 10 in most instances

Data sourced from SnapStats Publishing.

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