The benchmark price for a detached home in New Westminster stood at $1.4M in Dec, ↓ 2.9% MoM. The benchmark townhouse price was ~$873K, ↓ 2.3% MoM, while the benchmark apartment price was ~$619K, ↓ 1.5% MoM. All the benchmark prices ↓ since the middle of 2022, with detached homes ↓ 9%, townhouses ↓ 8.3%, and apartments ↓ 6.7%. 9 detached homes and 7 attached homes were sold in New West in Dec, ↓ yearly from the 22 detached homes and 29 attached homes.
Market Update