New Westminster House Market Report – July 2020

New Westminster is an active house 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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36
Units Sold
$1,294,070
Avg Sold Price
41d
Avg Days on Market
Seller's Market
Market Condition
108 active at start of month 44 new listings Absorption rate: 33.3% Highest sold: $2,050,000 Lowest sold: $828,000

How Does July 2020 Compare?

Period Units Sold Avg Sold Price Avg DOM
July 2020 (this report) 36 $1,294,070 41d
June 2020 month prior 17 +111.8% $1,367,912 -5.4% 19d +115.8%

3-Year Price Trend — New Westminster House

The New Westminster house real estate market was a Seller's Market in July 2020, with 108 active listings at the start of the month, 36 properties sold, an average sold price of $1,294,070, properties averaging 41 days on market, an absorption rate of 33.3%. 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 New Westminster specialist
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Frequently Asked Questions — New Westminster July 2020

In July 2020, the New Westminster house real estate market is classified as a Seller's Market with an absorption rate of 33.3%. It is currently a seller's market in New Westminster. While demand is elevated, qualified buyers can still find opportunities. Always consult a licensed REALTOR® to assess your specific situation.

Last Update: 06/04/2026   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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