burnaby north TOWNHOME - FEBRUARY 2 0 2 5
SALES TO LISTINGS RATIO 26% SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▼ 2% VS 2024
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 1.7% VS 2024
▲ 24% VS 2024
▼ 0.3% VS 2024
▼ 37% VS 2024
There were 47 townhome listings in Burnaby North in February, 24% above January and 24% higher than February 2024. February townhome sales increased by 71% month-over-month, to 12, and were 37% below February 2024. The sales-to-listing ratio for townhomes in Burnaby North, at 26%, re'ected a sellers' market. The townhome median price in February was $887,500, a 8% decrease from January and 0.3% below February 2024. The average sold price was $917,917, 2% above last month; the average PSF sale price was $668, down 2.0% 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
12 47
19 38
-2% 1.7% -0.3% -49% -37% 24%
$682 $898,571 $960,000 18% 7 38
-2% 2% -8% 39% 71% 24%
$668 $917,917 $887,500 26%
$683 $902,284 $890,000 50%
▶ AVG PRICE PER SQUARE FOOT
▶ RECENT TRENDS
● FEB 2024 ● FEB 2025
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
53
52
58
51
57
47
42
48
47
38
38
36
22
28
20
16
19
13
12
15
15
14
13
10
9
7
$1.01M
$960K
$950K
$929K
$923K
$890K
$893K
$893K
$888K
$877K
$879K
$848K
$799K
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
15
4+ bdrms
5
7
3 bdrms
17
10
5
38%
2 bdrms
31%
22
5
21%
13%
<2 bdrms
3
0
<$600K $600K-799K $800K-999K $1.0M-1.24M $1.25M-1.49M $1.5M-1.99M $2.0M-2.49M $2.5M+
Null
S-L RATIO SALES INVENTORY
16 5 31%
14 3 21%
8 3 38%
8 1 13%
1 0 n/a
Copyright © 2025 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 March 10, 2025. 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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