New Westminster Real Estate Market Update – July 2025

Inventory Surges as Sales Shift, Creating Opportunities for Informed Buyers

July 2025 saw notable shifts in New Westminster’s real estate landscape, as inventory climbed across all property types while sales remained mixed. Detached homes are seeing downward pressure amid rising supply and longer market times, while townhomes showed relative strength. Condo activity remained stable, although higher listings are softening pricing momentum.

Let’s break down this month’s market stats and trends.

📊 Key Market Stats for July 2025

Detached Homes

  • Total Active Listings: 145 (+10.7% YoY)
  • Sales: 14 (↓ 22.2% YoY)
  • Days on Market Average: 29 (↑ 11.5% YoY)
  • MLS® HPI Benchmark Price: $1,582,900 (↑ 0.3% YoY)

Condos

  • Total Active Listings: 390 (+41.3% YoY)
  • Sales: 70 (↑ 1.4% YoY)
  • Days on Market Average: 38 (↑ 65.2% YoY)
  • MLS® HPI Benchmark Price: $631,800 (↓ 3.0% YoY)

Townhomes

  • Total Active Listings: 73 (+73.8% YoY)
  • Sales: 14 (↑ 27.3% YoY)
  • Days on Market Average: 26 (↑ 73.3% YoY)
  • MLS® HPI Benchmark Price: $918,400 (↓ 3.2% YoY)

🔍 Market Trends & Expert Insights

Detached Homes: Higher Inventory, Stable Prices

Detached listings rose 10.7% YoY, while sales dropped significantly by 22.2%, reflecting weakening demand. Homes are taking longer to sell at 29 days on average, yet prices have held steady with a slight 0.3% increase YoY. This signals potential resilience, but continued supply growth may apply downward pressure in the coming months.

Condos: Inventory Climbs, Pricing Faces Pressure

Condo inventory jumped 41.3% YoY, but sales held steady, up 1.4%. However, longer selling times (38 days, up from 23 last year) and a 3.0% decline in benchmark price suggest softening buyer urgency. Buyers have leverage in this segment as competition among sellers increases.

Townhomes: Activity Climbs with Buyer Interest

Townhomes had the largest jump in listings—up 73.8%—yet also saw a 27.3% increase in sales, showing buyer interest remains intact. However, with average days on market up over 73% and prices down 3.2%, sellers must remain competitive on pricing.

📈 Sales-to-Active Ratio Snapshot:

  • Detached: 9.7% → Buyer’s Market
  • Condos: 17.9% → Balanced Market (softening)
  • Townhomes: 19.2% → Balanced Market (still active)

🧭 What This Means for Buyers & Sellers

For Buyers:

  • Detached Homes: Buyers have more options and time to negotiate as sales dip and listings grow.
  • Condos: Stable sales and rising inventory make this a favorable segment to secure value.
  • Townhomes: Remain competitive—supply is growing, but so is interest. Expect some seller flexibility.

For Sellers:

  • Detached: Competitive pricing and updated condition are key to standing out in a slower market.
  • Condos: With longer days on market, strategic marketing and price accuracy will be crucial.
  • Townhomes: Be responsive to market signals—activity is there, but price sensitivity is high.

🏁 Final Thoughts

New Westminster’s July market reflects a nuanced shift: while inventory is rising across all sectors, demand is responding unevenly. Detached homes face more pressure, condos are stable but softening, and townhomes continue to attract buyers even as competition increases.

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