New Westminster Housing Market & Real Estate Trends
The New Westminster Housing Market is unusually compact but diverse, with Downtown and the Quay’s higher-density housing, established areas such as Uptown and Sapperton, heritage homes around Queen’s Park, and geographically separate Queensborough. These New Westminster Market Statistics track New Westminster Home Prices, sales, inventory, new listings and sales-to-active-listings ratios by property type so buyers and sellers can see how the New Westminster Real Estate Market is changing.
New Westminster Real Estate Prices can vary considerably between a Downtown condo, a Queen’s Park character home, a Sapperton townhouse and a Queensborough property. New Westminster Housing Prices, New Westminster Sold Prices and a New Westminster Average House Price are therefore more useful when interpreted within the correct property type and location, while New Westminster Real Estate Statistics provide the broader trend. Use the charts below to compare current conditions, then explore New Westminster Homes for Sale to compare active listings with the market data and watch our monthly Market Statistics videos for additional regional commentary.
How to Read New Westminster Market Charts
Interpreting these charts is not difficult, but it might take a few minutes of study the first time you look.
MLS® HPI Price: Indicates the current sale price of a “representative” house, condo or townhouse. The exact number isn’t what’s important here – look at the trends to assess how the market is moving relative to the past three years.
Median Sales Price: The median sales price is the middle price of all homes sold in a specific period. Half of the sales were above this price, and half were below. It reflects the actual prices buyers and sellers agreed on, but it can swing up or down depending on what types of homes happened to sell that month (e.g., more luxury homes or more entry-level units).
Total Inventory: The total number of homes currently listed for sale at the end of the month. This shows how much supply is available in the market. Rising inventory usually signals more selection for buyers, while declining inventory can indicate tightening conditions and increased competition.
New Listings: The number of homes that were newly added to the market during the month. This shows how much fresh supply is entering the market. Higher levels of new listings mean more options for buyers, while lower levels can signal limited selection and increased competition for available homes.
Sales: The total number of homes that successfully sold during the month. The stronger the market, the greater the number of sales!
Sales to Active Ratio: This ratio is widely used by industry insiders to quantify the strength of the market. It represents the percentage of the available inventory that is sold each month. Generally speaking, a ratio of below 0.12 indicates a slow market (“a buyer’s market”), while a ratio of over 0.20 indicates a hot market (“a seller’s market”), with many more buyers than sellers and intense competition for properties. A ratio between 0.12 and 0.20 reflects a “balanced” market, where the number of sellers and the number of buyers are roughly balanced.
Find more in depth reports below.
Where These New Westminster Real Estate Statistics Come From
Greater Vancouver REALTORS® (GVR) publishes the market data used in the charts on this page and includes New Westminster within its reporting area. The charts track New Westminster Home Prices and market activity for detached homes, townhouses and condos across the New Westminster Housing Market. GVR’s monthly residential reports include New Westminster as a separate market area.
These New Westminster Real Estate Statistics are updated as new monthly data becomes available. Reviewing several months of New Westminster Market Statistics provides better context than relying on one month alone, especially when New Westminster Real Estate Prices are being influenced by different property types and neighbourhoods. New Westminster Housing Prices should therefore be read as a broader trend rather than as a substitute for comparable sales in a specific part of the city. For regional comparisons, see our Market Statistics page.