burnaby north CONDO - FEBRUARY 2 0 2 5
SALES TO LISTINGS RATIO 18% BALANCED MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▼ 0.4% VS 2024
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 0.5% VS 2024
▲ 1.7% VS 2024
▲ 70% VS 2024
▲ 11% VS 2024
There were 536 condo listings in Burnaby North in February, 11% above January and 70% higher than February 2024. February condo sales increased by 19% month-over-month, to 94, and were 11% above February 2024. The sales-to-listing ratio for condos in Burnaby North, at 18%, re'ected a balanced market. The condo median price in February was $722,000, a 1.0% increase from January and 1.7% above February 2024. The average sold price was $748,326, 0.8% above last month; the average PSF sale price was $928, up 2% 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
$928 $748,326 $722,000 18% 94 536
$932 $744,529 $710,000 27% 85 315
11% 70%
$908 $742,663 $715,000 16% 79 482
19% 11%
-0.4% 0.5% 1.7% -35%
1% 7%
2% 0.8%
▶ AVG PRICE PER SQUARE FOOT
▶ RECENT TRENDS
● FEB 2024 ● FEB 2025
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
576
624
619
540
606
521
536
553
536
482
444
400
315
121
118
115
111
93
94
85
106
97
97
87
79
68
$722K
$710K
$713K
$715K
$715K
$705K
$699K
$692K
$689K
$681K
$682K
$678K
$667K
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
200
1
4+ bdrms
150
10
3 bdrms
42
100
23% 21%
50
50
2 bdrms
15%
14%
310
9%
8%
0
33
<$600K $600K-799K $800K-999K $1.0M-1.24M $1.25M-1.49M $1.5M-1.99M $2.0M-2.49M $2.5M+
<2 bdrms
S-L RATIO SALES INVENTORY
91 21 23%
208 44 21%
150 22 15%
52 4 8%
14 2 14%
11 1 9%
1 0 n/a
9 0 n/a
184
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. 16 ●
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