Queensborough real estate prices outperform all of New Westminster
Good Day,
Queensborough, New West's distant cousin, is the pride of the neighbourhood family in New Westminster. November and the last 90-days have positioned Queensborough real estate prices as the fastest appreciation that the rest of New West combined.
Condo
Currently 7 for sale. Med: asking price $899k, age 4yrs old, size 1,097sq ft.
In the last 90 days:
19 sold (1-month of inventory). Med selling price $855k. Benchmark price for all of New West is $704k. Why so much more?; majority of Queensborough condos are within 5 yrs old.
8 failed to sell. Med asking price $973k.
As of end of Nov’21 – Queensborough CONDO prices are up 11.8% in the last year; compared to 10% for all of New Westminster.
Townhouse
In the last 90 days:
26 sold (1-month inventory). Med selling price is $950,950 ($666/sq ft). Benchmark price for all of New West is $870k.
As of end of Nov’21 – Queensborough TOWNHOUSE prices are up 22.1% year over year; compared to 17.3% for all of New Westminster.
Single Family - Detached
Currently 14 for sale – Median: asking price $1.782M, age 66yrs old, 8,663 sq ft lot.
In the last 90 days:
14 sold (3-month inventory). Median: selling price is $1.450M. Benchmark price for all of New West is $1.378M. Queensborough detached are valued higher than New Westminster combined!
As of end of Nov’21 – Queensborough SINGLE FAMILY - DETACHED prices are up 29.3% year over year; compared to 21% for all of New Westminster.
WHAT IS YOUR REAL ESTATE PLAN FOR 2022?
- Ready for more room, yard space! Start shopping now. It is already very competitive to purchase because of the limited inventory available. The purchase is the priority.
- Ready for a downsize. Lot of great options here on the peninsula of Lulu Island. However, lateral moves to different asset types within reach.
- Stay the course, no moves. Great time to prepare for an investment condo or time to leverage the equity in your home - ask me how?
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IF 2022 IS THE TIME TO SELL
The 1st discussion is where do you want to go after you sell? What specifics are you looking for in a home to purchase? It is vital that you find the perfect home FIRST before your home goes on the market. Historically you would sell first, however, the limited inventory is leaving Buyers frantic, and desperate to meet timelines when the sale of their home happens 1st. Our strategy - Prepare to list the home, then immediately after you have secured your purchase under contract then bring your current home onto the market.
My intention is to put 12+ years and 300+ completed transactions toward a strategy that my clients win 100%. This starts with the perfect property purchase. Then obtaining maximum sales value in the sale of their property… all within manageable timelines and a STRESS LESS ENVIRONMENT.
Let’s meet, preview your property for sale and most importantly discuss the strategy to purchase and sell bringing your 2022 real estate visions to reality.
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