Fraserview NW, New Westminster Condo Market Report – October 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
$582,793
Avg Sold Price
23d
Avg Days on Market
Seller's Market
Market Condition
70 active at start of month 24 new listings Absorption rate: 21.4% Highest sold: $785,000 Lowest sold: $415,000

How Does October 2020 Compare?

Period Units Sold Avg Sold Price Avg DOM
October 2020 (this report) 15 $582,793 23d
September 2020 month prior 17 -11.8% $578,353 +0.8% 24d -4.2%

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

The Fraserview NW, New Westminster condo real estate market was a Seller's Market in October 2020, with 70 active listings at the start of the month, 15 properties sold, an average sold price of $582,793, properties averaging 23 days on market, an absorption rate of 21.4%. 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 October 2020

In October 2020, the Fraserview NW, New Westminster condo real estate market is classified as a Seller's Market with an absorption rate of 21.4%. It is currently a seller's market in Fraserview NW, New Westminster. While demand is elevated, qualified buyers can still find opportunities. 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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