Market Update for Downtown New Westminster Spring 2012


May 2012 Market Update for Downtown, New Westminster:
Downtown is a thriving waterfront city that still has a great community feel. Cafes, Antiques, Restaurants, Shops, and the opening of New West Station Mall (Safeway, Shoppers Drug Mart, CIBC, and LANDMARK CINEMAS) will make Downtown a summer hot spot! 2 New Condo/Townhome developements (Northbank & Trapp+Holbrook) will only add to Downtown’s popularity.
Also the Grand Opening of Pier Park is on June 16th for more info click here
Here are the most recent MLS Stats from Jan. 2012 – May 2012.
Townhomes: 1 Sold
Average Sale Price: $255,000
Average Price per Square Foot: $269
Average Days on the Market: 11
Condos: 75
Average Sale Price: $320,000
Average Price per Square Foot: $360
Average Days on the Market: 38
Highest Sold Condo: $713,000
If you are looking at making a move in Downtown New Westminster please dont hesitate to call us.