October Market Update for New Westminster
Below is the price comparison for New Westminster Houses and Condos for October 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 19% Sales Ratio average (1.9 in 10 homes selling rate)
- Homes are selling on average 100% of list price
- Most Active Price Band** $1.5 mil to $1.75 mil with average 50% Sales Ratio (Sellers market)
- Buyers Best Bet** Homes between $1.25 mil to $1.5 mil, Queensborough and minimum 7 bedroom properties
- Sellers Best Bet** Selling homes in West End 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 33% Sales Ratio average (3.3 in 10 homes selling rate)
- Homes are selling on average 100% of list price
- Most Active Price Band** $400,000 to $500,000 with average 92% Sales Ratio (Sellers market)
- Buyers Best Bet** Homes between $800,000 to $900,000, Queensborough and 3 bedroom properties
- Sellers Best Bet** Selling homes in Fraserview and up to 1 bedroom properties
**With minimum inventory of 10 in most instances
Data sourced from SnapStats Publishing.
