Queensborough, New Westminster Market Report – June 2020

Queensborough is a unique and rapidly developing neighbourhood on Lulu Island in New Westminster, BC, connected to the mainland by the Queensborough Bridge and offering an interesting mix of industrial heritage and new residential development. The neighbourhood has seen substantial townhouse and single-family home construction in the past decade, attracting young families and first-time buyers seeking affordable ground-oriented housing with easy access to Metro Vancouver. Queensborough Landing, a major outlet shopping centre with big-box retail and restaurants, provides significant on-site commercial amenity. Highway 91A and the Queensborough Bridge connect residents to Burnaby, Delta, and Surrey quickly by car. While SkyTrain access requires a short drive or bus ride to nearby New Westminster stations, the neighbourhood's affordability advantage and growing family demographic make Queensborough one of the more value-driven real estate opportunities available to buyers seeking ground-level homes in Metro Vancouver.

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17
Units Sold
$715,035
Avg Sold Price
21d
Avg Days on Market
Strong Seller's Market
Market Condition
54 active at start of month 38 new listings Absorption rate: 31.5% Highest sold: $1,470,000 Lowest sold: $449,000

How Does June 2020 Compare?

Period Units Sold Avg Sold Price Avg DOM
June 2020 (this report) 17 $715,035 21d
May 2020 month prior 2 +750% $1,032,500 -30.7% 19d +10.5%

3-Year Price Trend — Queensborough, New Westminster

The Queensborough, New Westminster real estate market was a Strong Seller's Market in June 2020, with 54 active listings at the start of the month, 17 properties sold, an average sold price of $715,035, properties averaging 21 days on market, an absorption rate of 31.5%. 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 Queensborough, New Westminster specialist
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Frequently Asked Questions — Queensborough, New Westminster Market

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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