Real Estate Market Update | November 2023 - Todd Conner Real Estate

Real Estate Market Update | November 2023

November Market Update for New Westminster

Below is the price comparison for New Westminster Houses and Condos for November 2023. 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: Balanced Market at 17% Sales Ratio average (1.7 in 10 homes selling rate)
  • Homes are selling on average 7% below list price
  • Most Active Price Band**$1.25 mil to $1.5 mil with average 60% Sales Ratio (Sellers market)
  • Buyers BestBet**Homes between $1.75 mil to $2 mil, Queensborough 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 WESTMINSTER ATTACHED:Sellers Market at 26% Sales Ratio average (2.6 in 10 homes selling rate)
  • Homes are selling on average 3% above list price
  • Most Active Price Band** $800,000 to $900,000 with average 69% Sales Ratio (Sellers market)
  • Buyers BestBet**Homes between $1 mil to $1.25 mil, Quay, Queensborough and 3 bedroom properties
  • Sellers BestBet**Selling homes in Uptown and up to 1 bedroom properties

**With minimum inventory of 10 in most instances

Data sourced from SnapStats Publishing.

November Market Update for Metro Vancouver

Download the PDF for a price analysis for Metro Vancouver in November 2023. Detailed information on detached homes, attached condos and townhomes are available!

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