New Westminster, BC
New Westminster: A Closer Look
Demographics
Total Population
78,916
Median Household Income
$82,000
Median Age
40.4
New Westminster Living: Is It for Me?
Area overview
New West, as locals call it, sits right on the Fraser River. It’s got a mix of old-school charm and modern living. You’ll find neat shops, tasty restaurants, and beautiful parks like Queen’s Park and the Quay Boardwalk.
Getting around is a breeze! The SkyTrain runs through New West, so you can zip into Vancouver in about 30 minutes. Buses are plentiful too, and if you’re driving, major highways are close by.
For families, New West has solid schools from elementary to high school. There’s even a campus of Douglas College for higher education. You’ll find everything you need nearby – grocery stores, medical clinics, community centers, and more.
New Westminster offers a great lifestyle without Vancouver’s high prices. It’s perfect if you want a friendly community vibe with easy access to the big city!
Move to New Westminster for its perfect blend of historic charm, modern amenities, and unbeatable transit access to Vancouver.
Avg. Prices (October 2024)
Condo $657,033 | Townhouse: $878,038 | Houseย $1,781,250
New Westminster's HPI Benchmark Prices
October 2024 Typical Housing Prices
HPI Benchmark Price ExplainedDetached
$1,613,500
Townhouse
$953,000
Condo
$656,800
Neighbourhood Guide
Explore New Westminster's neighbourhoods and find the one that feels like home.
New Westminsterโs Top 5 Neighborhoods
Insider's October 2024 Picks
Find out where homes sell fastest in New Westminster. See how often buyers bid over the asking price and compare average selling prices across neighbourhoods.
Rank | Subarea | % Sold Above List | % Sold Under 10 Days | $ Avg. Sale Price |
---|---|---|---|---|
1 | Moody Park | 60 | 80 | 1200000 |
2 | The Heights | 20 | 60 | 1700000 |
3 | West End | 30 | 50 | 1500000 |
4 | Fraserview | 27 | 40 | 753000 |
5 | Sapperton | 21 | 36 | 698000 |
New Westminster's Prices vs. Time on Market
3-year Retrospective
The data shows how quickly homes sold and their prices changed over the last three years.
New Westminster real estate listings
- Newest MLSยฎ listings (last 7 days)
- Recently sold MLSยฎ listings (last 90 days)
- Property price history
- Local market trends & insights
Listings current as of November 2, 2024
New Westminster Real Estate Market
If you canโt find the answer you need, donโt worry โ ask us! Weโre here and happy to help you out!
What does sales to active listings ratio mean?
The sales-to-active listings ratio measures supply and demand by comparing the total supply of homes for sale to sales during the month.
The terms buyers’ markets, sellers’ markets, and balanced markets describe the state of the real estate market in terms of the pressure it puts on home prices. A buyers’ market occurs when the sales-to-active listings ratio falls below 12%, indicating that more homes are available than buyers are looking for. On the other hand, a sellers’ market occurs when this ratio exceeds 20% for a sustained period, indicating more buyers than homes available. Finally, a balanced market occurs when the ratio falls between these two values, indicating that the market is relatively stable and has a roughly equal number of homes and buyers.
What is MLSยฎ HPI benchmark price?
The MLSยฎ HPI Benchmark Prices represent the expected sales price for a typical or โBenchmarkโ home in a given neighbourhood.
The MLSยฎ HPI considers what averages and medians do not: lot size, age, number of rooms, etc. The most commonly traded set of these attributes describes the composite of the typical or benchmark property type in a given area. Prices paid for homes with these attributes determine benchmark home prices.