burnaby north TOWNHOME - MARCH 2 0 2 4
SALES TO LISTINGS RATIO 41% SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▼ 3% VS 2023
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 3% VS 2023
▼ 1.7% VS 2023
▼ 4% VS 2023
▼ 7% VS 2023
There were 34 townhome listings in Burnaby North in March, 6% below February and 3% higher than March 2023. March townhome sales decreased by 26% month-over-month, to 14, and were 7% below March 2023. The sales-to-listing ratio for townhomes in Burnaby North, at 41%, reflected a sellers' market. The townhome median price in March was $852,272, a 4% decrease from February and 4% below March 2023. The average sold price was $883,531, 2% below last month; the average PSF sale price was $637, down 7% 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
14 34
15 33
-4% -9% -7% 3%
19 36
-22% -26% -6%
$637 $883,531 $852,272 41%
$655 $898,960 $885,000 45%
$683 $902,284 $890,000 53%
-7% -2% -4%
-3% -1.7%
▶ AVG PRICE PER SQUARE FOOT
▶ RECENT TRENDS
● MAR 2023 ● MAR 2024
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
45 45
36
35
34
34
38
34
33
32
32
31
31
28
19
23
21
15
13
14
15
14
11
8
6
5
$950K
$915K
$900K
$890K
$885K
$870K
$852K
$830K
$810K
$790K
$765K
$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
12
3
10
4+ bdrms
71%
8
7
3 bdrms
6
16
36% 38%
33%
33%
4
4
2 bdrms
16
2
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+
2
S-L RATIO SALES INVENTORY
3 1 33%
7 5 71%
11 4 36%
8 3 38%
3 1 33%
2 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 April 10, 2024. All data from Greater Vancouver REALTORS®, Fraser Valley Real Estate Board, Whistler Listings 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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