New Westminster Condo Market Report – August 2021

New Westminster is an active condo market in British Columbia's Lower Mainland. The report below covers sold activity, pricing trends, and market conditions for New Westminster based on MLS® data.

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103
Units Sold
$568,412
Avg Sold Price
22d
Avg Days on Market
Buyer's Market
Market Condition
1,038 active at start of month 128 new listings Absorption rate: 9.9% Highest sold: $1,545,000 Lowest sold: $280,000

How Does August 2021 Compare?

Period Units Sold Avg Sold Price Avg DOM
August 2021 (this report) 103 $568,412 22d
July 2021 month prior 101 +2% $558,644 +1.7% 22d +0%
August 2020 year ago 98 +5.1% $532,356 +6.8%

3-Year Price Trend — New Westminster Condo

The New Westminster condo real estate market was a Buyer's Market in August 2021, with 1,038 active listings at the start of the month, 103 properties sold, an average sold price of $568,412, properties averaging 22 days on market, an absorption rate of 9.9%. All data is sourced from MLS® sold records.
Hani Faraj – RE/MAX Crest Realty
Prepared by
Hani Faraj
RE/MAX Crest • 604-229-3342
Your New Westminster specialist
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Frequently Asked Questions — New Westminster August 2021

In August 2021, the New Westminster condo real estate market is classified as a Buyer's Market with an absorption rate of 9.9%. Conditions may favour buyers — there is relatively more supply than demand, giving buyers more choice and negotiating room. Always consult a licensed REALTOR® to assess your specific situation.

Last Update: 06/03/2026   Disclaimer: Listing data is based in whole or in part on data generated by the Real Estate Board of Greater Vancouver and Fraser Valley Real Estate Board which assumes no responsibility for its accuracy.

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