Uptown NW, New Westminster Condo Market Report – December 2022

Uptown is New Westminster's emerging commercial and residential hub, situated on the plateau above the Downtown core and experiencing significant condominium and mixed-use development driven by proximity to the Uptown New Westminster commercial district and excellent SkyTrain access. The neighbourhood is served by the New Westminster and 22nd Street SkyTrain stations on the Expo Line, providing rapid transit to Burnaby and downtown Vancouver. Real estate in Uptown ranges from older apartment buildings and character homes to newer concrete condos along 6th Avenue and Royal Avenue. Columbia Square and several major retailers along McBride Boulevard provide everyday convenience, while the growing restaurant scene and arts facilities enhance the neighbourhood's urban appeal. Uptown's transit-rich location, improving amenities, and pricing that remains significantly below comparable communities in Vancouver and Burnaby make it a compelling choice for first-time buyers and urban investors in the New Westminster real estate market.

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8
Units Sold
$474,000
Avg Sold Price
28d
Avg Days on Market
Buyer's Market
Market Condition
380 active at start of month 1 new listings Absorption rate: 2.1% Highest sold: $680,000 Lowest sold: $280,000

How Does December 2022 Compare?

Period Units Sold Avg Sold Price Avg DOM
December 2022 (this report) 8 $474,000 28d
November 2022 month prior 11 -27.3% $494,682 -4.2% 28d +0%
December 2021 year ago 21 -61.9% $543,006 -12.7%

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

The Uptown NW, New Westminster condo real estate market was a Buyer's Market in December 2022, with 380 active listings at the start of the month, 8 properties sold, an average sold price of $474,000, properties averaging 28 days on market, an absorption rate of 2.1%. 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 Uptown NW, New Westminster specialist
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Frequently Asked Questions — Uptown NW, New Westminster Condo Market

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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