burnaby north DETACHED - JULY 2 0 2 4
SALES TO LISTINGS RATIO 15% BALANCED MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 21% VS 2023
▲ 18% VS 2023
▲ 66% VS 2023
▼ 29% VS 2023
There were 149 detached listings in Burnaby North in July, 15% above June and 66% higher than July 2023. July detached home sales decreased by 27% month-over-month, to 22, and were 29% below July 2023. The sales-to-listing ratio for detached in Burnaby North, at 15%, reflected a balanced market.
THIS MONTH No. $2,414,955 $2,182,500 15% 22 149
PREVIOUS MONTH
PREVIOUS YEAR
No.
% Change
No.
% Change
TOTAL INVENTORY TOTAL SALES SALES-LISTINGS RATIO MEDIAN SOLD PRICE AVERAGE SOLD PRICE
31 90
21% 18% -57% -29% 66%
$2,478,183 $2,482,500 23% 30 130
-3% -12% -36% -27% 15%
The detached median price in July was $2,182,500, a 12% decrease from June and 18% above July 2023.
$1,988,729 $1,850,000 34%
The average sold price was $2,414,955, 3% below last month and up 21% to July 2023.
▶ RATIO OF MEDIAN PRICES
▶ RECENT TRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
149
130
114
130
2.87
107
104
2.61
104
84
90
87
83
81
70
2.02
36
30
26
24
31
19
22
24
19
1.38
18
18
16
16
1.34
1.11
$2.48M
$2.21M $2.22M $2.18M $2.14M $2.03M
$2.18M
$1.95M $2.07M
$1.89M $1.99M $1.93M
$1.85M
23-Jul
24-Jun
24-Jul
▶ TOTAL LISTINGS & SALES BY PRICE RANGE
SELLERS' MARKET 21% +
BALANCED 12 - 20%
BUYERS' MARKET <12%
● SALES ● TOTAL INVENTORY ● S-L RATIO
40
30
20
23%
22%
10
13%
13%
7%
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
1 0 n/a
18 4 22%
44 10 23%
31 4 13%
42 3 7%
8 1 13%
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 August 6, 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 ●
Made with FlippingBook - professional solution for displaying marketing and sales documents online