September Market Update for New Westminster
Below is the price comparison for New Westminster Houses and Condos for September 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 Market at 10% Sales Ratio average (1 in 10 homes selling rate)
- Homes are selling on average 5% below listprice
- Most Active Price Band**$2.25 mil to $2.5 mil with average 10% Sales Ratio (Buyers market)
- Buyers Best Bet**Homes between $1.5 mil to $2 mil,Queensborough and 5 to 6 bedroom properties
- Sellers Best Bet**Selling homes in GlenBrooke North 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 31% Sales Ratio average (3.1 in 10 homes selling rate)
- Homes are selling on average 1% below listprice
- Most Active Price Band**$400,000 to $500,000 with average 56% Sales Ratio (Sellers market)
- Buyers Best Bet**Homes between $700,000 to $800,000, Downtown and 2 bedroom properties
- Sellers BestBet**Selling homes in Sapperton and up to 1 bedroom properties
**With minimum inventory of 10 in most instances
