Greater Vancouver

NEW WESTMINSTER

APRIL 2024

Price Band & Bedroom DETACHED HOUSES

Community DETACHED HOUSES

SnapStats® $0 - 700,000

Inventory

Sales

Sales Ratio

SnapStats®

Inventory

Sales

Sales Ratio

0 1 3 1

0 0 0 2 0 3 2 2 1 0 1 0 1 0 0 0 0 0 0 0 0 1 5 4 2

NA NA NA

Brunette

0

0 0 0 0 2 0 0 0 2 2 0 4 1 1

NA NA NA NA NA NA NA

700,001 – 800,000 800,001 – 900,000 900,001 – 1,000,000

Connaught Heights Downtown Fraserview Moody Park North Arm GlenBrooke North

18

0 0 1 0 0 4 8

200%*

1,000,001 – 1,250,000 4 1,250,001 – 1,500,000 16 1,500,001 – 1,750,000 20 1,750,001 – 2,000,000 24 2,000,001 – 2,250,000 8 2,250,001 – 2,500,000 3 2,500,001 – 2,750,000 7 2,750,001 – 3,000,000 1 3,000,001 – 3,500,000 10 3,500,001 – 4,000,000 4 4,000,001 – 4,500,000 2 4,500,001 – 5,000,000 3 5,000,001 – 5,500,000 1 5,500,001 - 6,000,000 0 6,000,001 - 6,500,000 0 6,500,001 - 7,000,000 1

NA

10

20%

19% 10%

8%

Quay

13%

Queensborough Queens Park

26

8%

NA

50%

14%

Sapperton The Heights

NA

NA

19

21% 17%

10%

Uptown West End TOTAL*

6

NA NA NA NA NA NA NA NA

17

6%

109

12

11%

7,000,001 & Greater

0

TOTAL*

109

12

11%

2 Bedrooms & Less 3 to 4 Bedrooms 5 to 6 Bedrooms 7 Bedrooms & More

15 43 38 13

7%

12% 11% 15% 11%

TOTAL*

109

12

SnapStats®

March

April 109

Variance

Inventory

91 24

20% -50%

Solds

12

Sale Price

$1,593,000 $1,659,000 4%

Sale Price SQFT

$647

$685

6%

Sale to List Price Ratio

101% 101% 0%

Days on Market

7

12

71%

*Sales Ratio suggests market type and speed (ie Balanced 12-20%.) Refer to YTD reports for sustained periods. If >100% MLS® data reported previous month’s sales exceeded current inventory count.

Market Summary

• Market Type Indicator NEW WESTMINSTER DETACHED : Buyers Market at 11% Sales Ratio average (1.1 in 10 homes selling rate) • Homes are selling on average 1% above list price • Most Active Price Band** $1.25 mil to $1.5 mil with average 19% Sales Ratio (Balanced market) • Buyers Best Bet** Homes between $1.75 mil to $2 mil, Queensborough, West End and up to 2 bedroom properties • Sellers Best Bet** Selling homes in GlenBrooke North, The Heights and minimum 7 bedroom properties **With minimum inventory of 10 in most instances

SALE PRICE

INVENTORY

SOLDS

$1,900,000

13 Month Market Trend

$1,730,000

$1,665,000 $1,730,000 $1,610,000 $1,625,000

$1,659,000

$1,617,000

$1,560,000 $1,593,000

$1,549,000

$1,400,000

109

$1,288,000

91

87

84

83

80

78

77

76

72

68

64

59

30

24

24

19

19

19

16

13

12

11

10

10

7

APR

MAY

JUN

JUL

AUG

SEP

OCT

NOV

DEC

JAN

FEB

MAR

APR

Compliments of...

Maria Senajova Personal Real Estate Corporation Stilhavn Real Estate Services

VancouverUrbanHomes.com

604.657.1110

maria@vancouverurbanhomes.com

©2010-2024 SnapStats® Publishing Co. All rights reserved. No part of this publication may be reproduced, copied, posted on the internet or forwarded in any printed or electronic format without written permission. This report data was captured on May 1, 2024 from Greater Vancouver REALTORS® MLS database. Refer to our YTD reports for sustained periods of the Sales Ratio %. The accuracy and completeness of the information is not guaranteed. In providing this information SnapStats® or Maria Senajova do not assume any responsibility or liability. More info at snap-stats.com.