burnaby north CONDO - JANUARY 2 0 2 4
SALES TO LISTINGS RATIO 24% SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▲ 1.4% VS 2023
MEDIAN PRICE
TOTAL LISTINGS
SALES
▲ 1.5% VS 2023
▲ 6% VS 2023
▲ 43% VS 2023
▼ 1.1% VS 2023
There were 267 condo listings in Burnaby North in January, 8% below December and 6% higher than January 2023. January condo sales decreased by 1.6% month-over-month, to 63, and were 43% above January 2023. The sales-to-listing ratio for condos in Burnaby North, at 24%, reflected a sellers' market. The condo median price in January was $699,000, a 1.3% decrease from December and 1.1% below January 2023. The average sold price was $737,792, 0.3% above last month; the average PSF sale price was $905, up 1.0% to last month.
THIS MONTH No.
PREVIOUS MONTH
PREVIOUS YEAR
No.
% Change
No.
% Change
TOTAL LISTINGS TOTAL SALES SALES-LISTINGS RATIO MEDIAN SOLD PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
$905 $737,792 $699,000 24% 63 267
$893 $727,155 $706,500 17% 44 253
36% 43% 6%
$896 $735,222 $708,500 22% 64 289
1% 0.3% -1.3% 7% -1.6% -8%
1.4% 1.5% -1.1%
▶ AVG PRICE PER SQUARE FOOT
▶ RECENT TRENDS
● JAN 2023 ● JAN 2024
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
429
389
339
392
357
301
299
267
289
253
270
251
245
121
120
112
104
92
92
83
116
109
63
84
44
64
$730K
$722K
$709K
$707K
$708K
$699K
$696K
$683K
$680K
$668K
$665K
$661K
$652K
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
80
4+ bdrms
60
3
3 bdrms
38
40
41%
34%
40
20
2 bdrms
19%
154
11%
10%
0
20
<$400K $400-599K $600-799K $800-999K $1.0M-1.24M $1.25M-1.49M $1.5M-1.99M $2M+
<2 bdrms
S-L RATIO SALES INVENTORY
39 16 41%
77 26 34%
80 15 19%
44 5 11%
12 0 n/a
10 1 10%
5 0 n/a
75
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 February 7, 2024. All data from Real Estate Board of Greater Vancouver and Fraser Valley & 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. 16 ●
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