new westminster TOWNHOME - FEBRUARY 2 0 2 5
SALES TO LISTINGS RATIO 22% SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▲ 0.2% VS 2024
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 5% VS 2024
▲ 19% VS 2024
▲ 60% VS 2024
▼ 3% VS 2024
There were 37 townhome listings in New Westminster in February, 12% above January and 19% higher than February 2024. February townhome sales increased by 100% month-over-month, to 8, and were 60% above February 2024. The sales-to-listing ratio for townhomes in New Westminster, at 22%, re(ected a sellers' market. The townhome median price in February was $1,063,500, a 1.0% increase from January and 5% above February 2024. The average sold price was $994,938, 7% below last month; the average PSF sale price was $647, down 5% to last month.
THIS MONTH No. $647 $994,938 $1,063,500 22% 8 37
PREVIOUS MONTH
PREVIOUS YEAR
No.
% Change
No.
% Change
TOTAL INVENTORY TOTAL SALES SALES-LISTINGS RATIO MEDIAN SOLD PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
$646 $1,020,600 $1,015,000 16% 5 31
0.2% -3% 5% 34% 60% 19%
$681 $1,069,950 $1,052,500 12% 4 33
-5% -7% 1% 78% 100% 12%
▶ AVG PRICE PER SQUARE FOOT
▶ RECENT TRENDS
● FEB 2024 ● FEB 2025
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
55
51
50
42
42
45
43
37
40
33
38
31
28
15
14
12
11
10
10
10
5
8
4
5
8
8
$1.05M $1.06M
$1.01M
$989K
$985K
$968K
$960K
$962K
$950K
$915K
$909K
$894K
$888K
NEW WESTMINSTER
REBGV
▶ NUMBER OF BEDROOMS
▶ TOTAL LISTINGS & SALES BY PRICE RANGE
SELLERS' MARKET 21% +
BALANCED 12 - 20%
BUYERS' MARKET <12%
● SALES ● TOTAL INVENTORY
● SALES ● TOTAL INVENTORY ● S-L RATIO
14
12
4+ bdrms
7
10
7
3 bdrms
63%
21
8
50%
6
1
2 bdrms
6
4
15%
<2 bdrms
2
3
0
<$600K $600K-799K $800K-999K $1.0M-1.24M $1.25M-1.49M $1.5M-1.99M $2.0M-2.49M $2.5M+
Null
S-L RATIO SALES INVENTORY
3 0 n/a
2 1 50%
13 2 15%
8 5 63%
9 0 n/a
1 0 n/a
1 0 n/a
Copyright © 2025 rennie group of companies. All rights reserved. This material may not be reproduced or distributed, in whole or in part, without the prior written permission of the rennie group of companies. Current as of March 10, 2025. All data from Greater Vancouver REALTORS®, Fraser Valley Real Estate Board, Whistler Listing System, and rennie. While the information and data contained herein has been obtained from sources deemed reliable, accuracy cannot be guaranteed. rennie group of companies does not assume responsibility or liability for any inaccuracies. The recipient of the information should take steps as the recipient may deem necessary to verify the information prior to placing any reliance upon the information. The information contained within this report should not be used as an opinion of value, such opinions should and can be obtained from a rennie and associates advisor. All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies. E.&O.E. 30 ●
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