May Market Update for New Westminster
Below is the price comparison for New Westminster Houses and Condos for May 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 45% Sales Ratio average (4.5 in 10 homes selling rate)
- Homes are selling on average 4% above list price
- Most Active Price Band** $1 mil to $1.25 mil with average 75% Sales Ratio (Sellers market
- Buyers Best Bet** Homes between $1.75 mil to $2 mil, Queensborough, Uptown and up to 2 bedroom properties
- Sellers Best Bet** Selling homes in West End 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 58% Sales Ratio average (5.8 in 10 homes selling rate)
- Homes are selling on average 1% below list price
- Most Active Price Band** $400,000 to $500,000 with average >100% Sales Ratio (Sellers market)
- Buyers Best Bet** Homes between $1 mil to $1.25 mil, Downtown, Queensborough and 3 bedroom properties
- Sellers Best Bet** Selling homes in Sapperton and up to 1 bedroom properties
**With minimum inventory of 10 in most instances
Data sourced from SnapStats Publishing.
