The sellers knew the market was trending downward, so fetching a 2024 price was out of the question.Stilhavn Real Estate Services
608 Belmont St., Unit 201, New Westminster, B.C.
Asking price: $549,000 (May 19)
Selling price: $515,000 (July 2)
Previous selling price: $485,000 (2020)
Monthly maintenance fee: $544.62
Taxes: $2,723.13 (2025)
Days on market: 31
Sellers’ agent: Dennis Sepulveda, Stilhavn Real Estate Services
The action
Buyers got a unique corner unit in a well-maintained concrete building in New Westminster’s Uptown neighbourhood.Stilhavn Real Estate Services
The listing agent had helped the sellers purchase the property in 2020, for $485,000. They wanted to move to a comparable home in Vancouver.
“We knew that the market was trending downward, which meant we wouldn’t be able to get 2024 pricing on their condo,” said Dennis Sepulveda. “But I assured them that the market drop had affected all neighbourhoods, so they would be able to recover any discounts on the buying side.”
Their worries had been confirmed. The first weekend they had zero groups through two open houses, he said.
“We didn’t panic or do any price adjustments. We stuck to our guns.”
After two weeks of inactivity, they started to get private showings. Because it was a unique corner unit in a well-maintained concrete building, they soon got an offer.
What they got
The 793-square-foot, one-bedroom unit includes a flex room.Stilhavn Real Estate Services
This one-bedroom, one-bathroom, 793-square-foot condo is in the Uptown neighbourhood of New Westminster, with retail on the main level, and within walking distance of shops and parks.
The bright corner unit overlooks a treed courtyard. Built in 2011, the concrete building has large windows, balconies, EV chargers, bike rooms, a gym and parking.
The unit has wood floors, an updated open-concept kitchen with an island and wood-panelled cabinets, a flex room and an updated bathroom.
The agent’s take
The building was built in 2011, but since that time the open-concept kitchen has been updated with an island and wood-panelled cabinets.Stilhavn Real Estate Services
“My clients were very happy with a quick sale at a good price in such a tough market.”
He said they ended up purchasing a Vancouver condo for $37,000 below the asking price.
The sale completed on Sept. 24.