Real Estate Market Update | May 2022 - Todd Conner Real Estate

Real Estate Market Update | May 2022

May Market Update for New Westminster

Below is the price comparison for New Westminster Houses and Condos for May 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 at 22% Sales Ratio average (2.2 in 10 homes selling rate)
    • Homes are selling on average 1% below list price
    • Most Active Price Band**$1.25 mil to $1.5 mil with average 48% Sales Ratio (Sellers market)
    • Buyers Best Bet**Homes between $1.75 mil to $2 mil,Queensborough, Sapperton and 5 to 6 bedroom properties
    • Sellers BestBet**Selling homes in The Heights and 3 to 4 bedroom properties
    **With minimum inventory of 10 in most instances

    Market Summary ATTACHED

    • Market Type Indicator NEW WEST MINSTER ATTACHED: Sellers Market at 46% Sales Ratio average (4.6 in 10 homes selling rate)
    • Homes are selling on average 100% of listprice
    • Most Active Price Band**$600,000 to $700,000 with average 73% Sales Ratio (Sellers market)
    • Buyers BestBet**Homes between $900,000 to $1 mil, Quay, Uptown and 3 bedroom properties
    • Sellers BestBet**Selling homes in Fraserview, GlenBrooke North and 2 bedroom properties
    **With minimum inventory of 10 in most instances
Data sourced from SnapStats Publishing.

April Market Update for Metro Vancouver

Download the PDF for a price analysis for Metro Vancouver in May 2022. Detailed information on detached homes, attached condos and townhomes are available!
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