burnaby north TOWNHOME - AUGUST 2 0 2 4
SALES TO LISTINGS RATIO 20% BALANCED MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▲ 5% VS 2023
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 12% VS 2023
▲ 15% VS 2023
▲ 53% VS 2023
▼ 9% VS 2023
There were 49 townhome listings in Burnaby North in August, 9% above July and 53% higher than August 2023. August townhome sales decreased by 17% month-over-month, to 10, and were 9% below August 2023. The sales-to-listing ratio for townhomes in Burnaby North, at 20%, reflected a balanced market. The townhome median price in August was $929,400, a 22% increase from July and 15% above August 2023. The average sold price was $993,360, 19% above last month; the average PSF sale price was $667, down 6% to last month.
THIS MONTH No.
PREVIOUS MONTH
PREVIOUS YEAR
No.
% Change
No.
% Change
TOTAL INVENTORY TOTAL SALES SALES-LISTINGS RATIO MEDIAN SOLD PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
10 49
11 32
5% 12% 15% -41% -9% 53%
12 45
-6% 19% 22% -23% -17% 9%
$667 $993,360 $929,400 20%
$637 $887,545 $810,000 34%
$711 $835,150 $759,500 27%
▶ AVG PRICE PER SQUARE FOOT
▶ RECENT TRENDS
● AUG 2023 ● AUG 2024
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
55
54
49
45
45
45
36
43
35
38
34
32
32
21
20
19
15
13
15
11
14
10
12
5
8
6
$950K
$950K
$929K
$890K
$879K
$880K
$870K
$852K
$810K
$765K
$760K
$743K
$727K
BURNABY NORTH
REBGV
▶ NUMBER OF BEDROOMS
▶ TOTAL LISTINGS & SALES BY PRICE RANGE
SELLERS' MARKET 21% +
BALANCED 12 - 20%
BUYERS' MARKET <12%
● SALES ● TOTAL INVENTORY
● SALES ● TOTAL INVENTORY ● S-L RATIO
1
4+ bdrms
15
3
6
10
3 bdrms
50%
25
3
23%
5
2 bdrms
18%
20
8%
0
<2 bdrms
<$600K $600K-799K $800K-999K $1.0M-1.24M $1.25M-1.49M $1.5M-1.99M $2.0M-2.49M $2.5M+
1
S-L RATIO SALES INVENTORY
1 0 n/a
13 3 23%
17 3 18%
12 1 8%
6 3 50%
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. 15 ●
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