New Westminster housing prices were a mixed bag in January, according to new data from Greater Vancouver Realtors.
Prices either rose or declined depending what type of property buyers were looking for last month.
Residential homes hit a benchmark price of $821,000 with no changed compared to December.
Single-family detached homes hit a benchmark price of more than $1.5 million, coming in at $1,596,100 (+1.1 per cent).
Townhouses came in at under $1 million, hitting a price of $944,300 (-1.3 per cent).
Apartments were the lowest priced units with a benchmark price of $649,000 (-1.4 per cent).
The organization said the entire Metro Vancouver area saw a large spike in newly listed properties in January, up 46 per cent year-over-year with 5,566 detached, attached and apartment properties listed for sale.
“In the three months preceding January, we’ve watched buyer demand gain momentum, but it appears that momentum is now shifting toward sellers to start the new year,” said Andrew Lis, Greater Vancouver Realtors' director of economics and data analytics, in the report.
“With new listings outpacing demand to start 2025, price trends saw little fluctuation in January across all segments, with the market overall standing in balanced conditions."
Areas covered by Greater Vancouver Realtors include Burnaby, New Westminster, Coquitlam, Port Coquitlam, Port Moody, Maple Ridge, North Vancouver, Pitt Meadows, Richmond, South Delta, Squamish, Bowen Island, Sunshine Coast, Vancouver, West Vancouver and Whistler.
