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 Explained
    • Detached

      $1,613,500

    • Townhouse

      $953,000

    • Condo

      $656,800

      Neighbourhood Guide

      Neighborhood: Search
      Sales-to-Active Ratio Explained

      Explore New Westminster's neighbourhoods and find the one that feels like home.

      • Moody Park

        100% Sales-to-Active Ratio
        Seller's Market
      • The Heights

        13% Sales-to-Active Ratio
        Balanced Market
      • West End

        6% Sales-to-Active Ratio
        Buyer's Market
      Neighborhood Map

      New Westminsterโ€™s 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.

      RankSubarea% Sold Above List% Sold Under 10 Days$ Avg. Sale Price
      1Moody Park60801200000
      2The Heights20601700000
      3West End30501500000
      4Fraserview2740753000
      5Sapperton2136698000

      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.

      Average Sale Price in New Westminster
      Switch Between Avg. Sale Price and Days on Market
      New Westminster's Average Days on the Market

      New Westminster real estate listings

      Get exclusive access to:
      • 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

      Frequently asked questions

      If you canโ€™t find the answer you need, donโ€™t worry โ€“ ask us! Weโ€™re here and happy to help you out!

      Ask us anything

      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 โ€œBenchmarkโ€ 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.