November Market Update for New Westminster
Below is the price comparison for New Westminster Houses and Condos for November 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 23% Sales Ratio average (2.3 in 10 homes selling rate)
- Homes are selling on average 8% below list price
- Most Active Price Band**$1 mil to $1.25 mil with average 60% Sales Ratio (Sellers market)
- Buyers BestBet**Homes between $1.25 mil to $1.5 mil, Queensborough and up to 2 bedroom properties
- Sellers BestBet**Selling homes in The Heights 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 25% Sales Ratio average (2.5 in 10 homes selling rate)
- Homes are selling on average 2% below list price
- Most Active Price Band**$400,000 to $500,000 with average 67% Sales Ratio (Sellers market)
- Buyers BestBet**Homes between $800,000 mil to $1.25 mil, Downtown, Sapperton and 3 bedroom properties
- Sellers BestBet**Selling homes in Uptown and 2 bedroom properties
**With minimum inventory of 10 in most instances
