Elegant family homes in a prestigious area are clearly a big draw in New Westminster, as listings in Queen’s Park remain the most clicked by Royal City home hunters, a new infographic by property website REW reveals.
Homes for sale in this desirable neighbourhood saw the city’s highest average pageviews per listing across the year, said the website.
The neighbourhood that saw the biggest year-over-year price growth, however, was Glenbrooke North – the median home list price was up 50 per cent year over year.
However, REW pointed out that a large increase in median list price doesn’t necessarily mean higher prices in the neighbourhood – it could simply mean there were relatively far fewer lower-priced units for sale last year, compared with the year before. The website also noted that drilling down to individual neighbourhoods means smaller sample sizes, which are prone to wider percentage changes.
The most commonly searched home type in New West was a two-bedroom condo between $500K and $600K, reported the website.
Across New West, REW reported that the median list price for a condo in 2018 was $528K, up 13 per cent year over year. For a detached house, it was $1,300,000 – up four per cent from 2017. However, the number of days to sell a home increased for both property types on an annual basis.
Check out the full infographic below.
