Want a newer condo in New Westminster? Here's a summary of what to expect - Oct 27/24
New Westminster is a strong option for condo acquisitions in Metro Vancouver. 1st, no bridges to get to New Westminster mainland. Immediate access to Skytrain Stations are an option.
Luxury is an option, but crossing a bridge is the direction to get there. Aragon's master planned community, Port Royal, and its flagship tower The Peninsula offer luxury finishings, stunning river, mountain views and the BEST amenities available in a residential tower. CHECK OUT 1404, 210 Salter St now.
Market Review – 2br, built between 2014-2020, New Westminster
Active: 19, Median; Asking - $799k ($865/sf), 914sf, 47DOM
Sold: 10, Median; Sold - $726k (779/sf), 903sf, 38DOM
Expired: 18, Median; Asking - $799k ($813/sf), 941sf, 69DOM.
This tells us:
- Sweet spot for New Westminster sales is $726k range ($779/sq ft) for newer 2br.
- Selling at a rate of 3 per month. Expiring at a rate of 6 per month..
- Large condos are options for Buyers in New Westminster. From a median of 903sq ft to 1,136 in Queensborough. Reality is that its the size of the unit that will ultimately push the price trajectory for Buyers.
Market Review – 2br, built between 2014-2020, Queensborough, New Westminster
Active: 6, Median; Asking - $948k($806/sf), 1,138sf, 33DOM
Sold: 5, Median: Sold - $836k ($765/sf), 1,136sf, 26DOM
Expired: 10, Median: Asking - $882k ($801/sf), 1,134sf, 69 DOM
This tells us:
- Sweet spot for QB sales is $830k range, larger units at 1,136sf
- Selling condos are in the $765/sq ft range. You can expect luxury condos into the $800+/sq ft range
- Selling at a rate of 1.5 per month. Expiring at a rate of 3 per month
$780/sf is the highest price sold so far.
With Skytrain, full-package of amenities, waterfront options tell the world that New Westminster is a GREAT option for your condo purchase.