burnaby north DETACHED - AUGUST 2 0 2 4
SALES TO LISTINGS RATIO 13% BALANCED MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 11% VS 2023
▲ 67% VS 2023
▲ 6% VS 2023
▼ 0.8% VS 2023
There were 145 detached listings in Burnaby North in August, 3% below July and 67% higher than August 2023. August detached home sales decreased by 14% month-over-month, to 19, and were 6% above August 2023. The sales-to-listing ratio for detached in Burnaby North, at 13%, reflected a balanced market.
THIS MONTH No. $2,164,884 $2,160,000 13% 19 145
PREVIOUS MONTH
PREVIOUS YEAR
No.
% Change
No.
% Change
TOTAL INVENTORY TOTAL SALES SALES-LISTINGS RATIO MEDIAN SOLD PRICE AVERAGE SOLD PRICE
18 87
-0.8% 11% -37% 6% 67%
$2,414,955 $2,182,500 15% 22 149
-10% -1% -11% -14% -3%
The detached median price in August was $2,160,000, a 1.0% decrease from July and 11% above August 2023.
$2,183,378 $1,951,900 21%
The average sold price was $2,164,884, 10% below last month and down 0.8% to August 2023.
▶ RATIO OF MEDIAN PRICES
▶ RECENT TRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
145
149
130
114
130
2.87
107
104
104
84
2.41
87
2.32
83
81
70
36
30
26
24
19
19
18
24
22
19
18
16
16
1.34
1.24
1.11
$2.48M
$2.21M $2.22M $2.18M $2.14M $2.03M
$2.18M $2.16M
$1.95M $2.07M
$1.89M $1.99M $1.93M
23-Aug
24-Jul
24-Aug
▶ TOTAL LISTINGS & SALES BY PRICE RANGE
SELLERS' MARKET 21% +
BALANCED 12 - 20%
BUYERS' MARKET <12%
● SALES ● TOTAL INVENTORY ● S-L RATIO
40
30
41%
20
26%
10
9%
0
<$1M
$1.0M-1.24M $1.25M-1.49M $1.5M-1.99M $2.0M-2.49M $2.5M-2.99M $3.0M-3.99M $4.0M-4.99M $5.0M-5.99M
$6.0M+
S-L RATIO SALES INVENTORY
17 7 41%
35 9 26%
35 3 9%
44 0 n/a
9 0 n/a
2 0 n/a
3 0 n/a
Copyright © 2024 rennie group of companies. All rights reserved. This material may not be reproduced or distributed, in whole or in part, without the prior written permission of the rennie group of companies. Current as of September 9, 2024. All data from Greater Vancouver REALTORS®, Fraser Valley Real Estate Board, Whistler Listing System, and rennie. While the information and data contained herein has been obtained from sources deemed reliable, accuracy cannot be guaranteed. rennie group of companies does not assume responsibility or liability for any inaccuracies. The recipient of the information should take steps as the recipient may deem necessary to verify the information prior to placing any reliance upon the information. The information contained within this report should not be used as an opinion of value, such opinions should and can be obtained from a rennie and associates advisor. All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies. E.&O.E. 14 ●
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