Uptown NW, New Westminster Condo Market Report – June 2020

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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19
Units Sold
$432,568
Avg Sold Price
37d
Avg Days on Market
Seller's Market
Market Condition
63 active at start of month 47 new listings Absorption rate: 30.2% Highest sold: $550,000 Lowest sold: $336,000

How Does June 2020 Compare?

Period Units Sold Avg Sold Price Avg DOM
June 2020 (this report) 19 $432,568 37d
May 2020 month prior 6 +216.7% $488,500 -11.4% 59d -37.3%

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

The Uptown NW, New Westminster condo real estate market was a Seller's Market in June 2020, with 63 active listings at the start of the month, 19 properties sold, an average sold price of $432,568, properties averaging 37 days on market, an absorption rate of 30.2%. 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 June 2020

In June 2020, the Uptown NW, New Westminster condo real estate market is classified as a Seller's Market with an absorption rate of 30.2%. It is currently a seller's market in Uptown 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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