Data sourced from SnapStats Publishing.
October Market Update for New Westminster
Below is the price analysis for October 2019. It includes detailed information on detached homes, attached condos and townhomes. Check out the current market trends in New Westminster!
Market Summary
DETACHED
- Sellers Market at 24% Sales Ratio average (2.4 in 10 homes selling rate)
- Homes are selling on average 2% below list price
- Most Active Price Band** $900,000 to $1.25 mil with average 36% Sales Ratio (Sellers market)
- Buyers Best Bet** Homes between $1.25 mil to $1.75 mil, Queensborough, West End and 5 to 6 bedroom properties
- Sellers Best Bet** Selling homes in Queens Park, THe Heights and minimum 7 bedroom properties
With a minimum inventory of 10 in most instances
Market Summary
ATTACHED
- Sellers Market at 38% Sales Ratio average (3.8 in 10 homes selling rate)
- Homes are selling on average 2% below list price
- Most Active Price Band** $300,000 to $400,000 with average 68% Sales Ratio (Sellers market)
- Buyers Best Bet** Homes between $700,000 to $800,000, Queensborough, Uptown and 3 bedroom properties
- Sellers Best Bet* Selling homes in Fraserview, Quay, Sapperton and up to 1 bedroom properties
With a minimum inventory of 10 in most instances
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