October Market Update for New Westminster
Below is the price comparison for New Westminster Houses and Condos for October 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: Buyers Marketat10% Sales Ratio average (1 in 10 homes selling rate)
- Homes are selling on average 2% above list price
- Most Active Price Band**$1.25 mil to $1.5 mil with average 19% Sales Ratio (Balanced market)
- Buyers BestBet**Hom es between $1.5 mil to $1.75 mil,GlenBrooke North and 5 to 6 bedroom properties
- Sellers BestBet**Selling homes in Queensborough,WestEnd and 3 to 4 bedroom properties
**With minimum inventory of 10 in most instances
Market Summary ATTACHED
- Market Type Indicator NEW WESTMINSTER ATTACHED: Sellers Marketat32% Sales Ratio average (3.2 in 10 homes selling rate)
- Homes are selling on average 1% below listprice
- Most Active Price Band**$500,000 to $600,000 with average 70% Sales Ratio (Sellers market)
- Buyers BestBet**Homes between $800,000 to $900,000,Queensborough and 3 bedroom properties
- Sellers BestBet**Selling homes in Fraserview,Uptown and up to 1 bedroom properties
**With minimum inventory of 10 in most instances
