Fraserview NW, New Westminster Condo Market Report – July 2020

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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15
Units Sold
$579,990
Avg Sold Price
24d
Avg Days on Market
Strong Seller's Market
Market Condition
36 active at start of month 25 new listings Absorption rate: 41.7% Highest sold: $730,000 Lowest sold: $439,000

How Does July 2020 Compare?

Period Units Sold Avg Sold Price Avg DOM
July 2020 (this report) 15 $579,990 24d
June 2020 month prior 15 +0% $539,967 +7.4% 34d -29.4%

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

The Fraserview NW, New Westminster condo real estate market was a Strong Seller's Market in July 2020, with 36 active listings at the start of the month, 15 properties sold, an average sold price of $579,990, properties averaging 24 days on market, an absorption rate of 41.7%. 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 July 2020

In July 2020, the Fraserview NW, New Westminster condo real estate market is classified as a Strong Seller's Market with an absorption rate of 41.7%. It is currently a strong seller's market in Fraserview NW, New Westminster, meaning high demand and low supply. Buyers face competition and should be prepared to act quickly. Always consult a licensed REALTOR® to assess your specific situation.

Last Update: 06/05/2026   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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