new westminster CONDO - OCTOBER 2 0 2 5
SALES TO LISTINGS RATIO 19% BALANCED MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▼ 9% VS 2024
MEDIAN PRICE
TOTAL INVENTORY
SALES
▼ 3% VS 2024
▼ 1.5% VS 2024
▼ 18% VS 2024
▲ 29% VS 2024
There were 376 condo listings in New Westminster in October, 1.1% below September and 29% higher than October 2024. October condo sales increased by 28% month-over-month, to 73, and were 18% below October 2024. The sales-to-listing ratio for condos in New Westminster, at 19%, reflected a balanced market. The condo median price in October was $589,000, a 4% decrease from September and 1.5% below October 2024. The average sold price was $616,628, 5% below last month; the average PSF sale price was $663, down 2% to last month.
THIS MONTH No.
PREVIOUS MONTH
PREVIOUS YEAR
No.
% Change
No.
% Change
TOTAL INVENTORY TOTAL SALES SALES-LISTINGS RATIO MEDIAN SOLD PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
$663 $616,628 $589,000 19% 73 376
$731 $632,581 $598,000 31% 89 291
-9% -3% -1.5% -37% -18% 29%
$678 $646,561 $612,888 15% 57 380
29% 28% -1.1%
-2% -5% -4%
▶ AVG PRICE PER SQUARE FOOT
▶ RECENT TRENDS
● OCT 2024 ● OCT 2025
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
380
380
400 391
376
387
371
299
335
269
291
303
227
86
72
70
89
59
73
68
69
64
57
53
52
47
$660K
$655K
$638K
$629K
$620K
$613K
$610K
$613K
$598K
$584K
$589K
$580K
$581K
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
80
4+ bdrms
4
73%
5
60
3 bdrms
36
40
41
2 bdrms
224
23% 21%
20% 22%
18% 15%
20
27
6%
<2 bdrms
107
0
<$400K $400K-499K $500K-599K $600K-699K $700K-799K $800K-899K $900K-999K $1.0M+
S-L RATIO SALES INVENTORY
11 8 73%
61 12 20%
87 19 22%
73 13 18%
68 10 15%
26 6 23%
14 3 21%
36 2 6%
Null
5
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 November 14, 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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