Fraserview NW, New Westminster Condo Market Report – April 2023

Fraserview New Westminster is a family-friendly residential neighbourhood in the southeast corner of New Westminster, BC, situated along the north bank of the Fraser River with river views and dyke trail access. The area features a mix of detached single-family homes, townhouses, and some newer low-rise condo developments, catering to a range of buyers from young families to retirees. The Fraser River Heritage Walk and Grimston Park provide riverside recreation right in the neighbourhood. Highway 91 and the Queensborough Bridge connect Fraserview to Surrey, Delta, and the South of Fraser efficiently. New Westminster's two SkyTrain stations and the city's frequent bus network make transit commuting accessible for residents throughout the neighbourhood.

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17
Units Sold
$671,924
Avg Sold Price
10d
Avg Days on Market
Buyer's Market
Market Condition
206 active at start of month 15 new listings Absorption rate: 8.3% Highest sold: $920,000 Lowest sold: $400,000

How Does April 2023 Compare?

Period Units Sold Avg Sold Price Avg DOM
April 2023 (this report) 17 $671,924 10d
March 2023 month prior 10 +70% $646,830 +3.9% 22d -54.5%
April 2022 year ago 17 +0% $708,294 -5.1%

3-Year Price Trend — Fraserview NW, New Westminster Condo

The Fraserview NW, New Westminster condo real estate market was a Buyer's Market in April 2023, with 206 active listings at the start of the month, 17 properties sold, an average sold price of $671,924, properties averaging 10 days on market, an absorption rate of 8.3%. 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 Fraserview NW, New Westminster specialist
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Frequently Asked Questions — Fraserview NW, New Westminster April 2023

In April 2023, the Fraserview NW, New Westminster condo real estate market is classified as a Buyer's Market with an absorption rate of 8.3%. 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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