As seen in...
Westcoast Condominium
Condo sales in New West slowed somewhat in June and were down eight per cent over May. The other good news for buyers is that new listings also slightly outstripped sales, indicating there were plenty of new options to check out. However, don’t let those numbers fool you into thinking the tide is turning. Stats from April to June 2016 still indicate a healthy sellers’ market with sales up more than 27 per cent over the same three-month period a year ago.
Our data reported on 73 of the Royal City’s June sales with condo buyers spending anywhere from 13 per cent under list price (an Uptown three-bedroom sold for $1,318,000 after 15 days) to 20 per cent over (a two-bedroom in Quayside Terrace that was asking $484,900 and broke the low $600,000s).
Sapperton
There’s significant growth as this neighbourhood undergoes revitalization. You can get your foot in the door for $182,000 (a one-bedroom in Crestwood Cedars) or, if you’re feeling flush, $1.1 million will buy you a penthouse in the under-construction Sapperton at Brewery District.
Our numbers show one area sale in June. The owners of a two-bedroom in Copperstone showed great fortitude, holding out 131 days before accepting an offer four per cent over their $269,000 list price.
Downtown
Cafes, restaurants, diners, specialty and novelty shops – you name it, this neighbourhood has it. If those amenities appeal, check out some of the area’s 55 current condo listings. Prices start at $189,900 for a one-bedroom in Peppertree and creep up to $1,598,000 for a three-bedroom in The Point.
We noted 18 Downtown New West sales in June. Accepted offers ranged from four per cent under list (a two-bedroom in Kinnaird Place sold for $168,000) to 15 per cent over (a two-bedroom in Agnes Terrace that changed hands for $390,000).
For a full summary of the New Westminster condo market in June 2016, check out our infographic below.
New Westminster Condo Market Snapshot June 2016
