burnaby north CONDO - OCTOBER 2 0 2 4
SALES TO LISTINGS RATIO 21% SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▲ 3% VS 2023
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 3% VS 2023
▲ 34% VS 2023
▲ 32% VS 2023
▼ 0.8% VS 2023
There were 576 condo listings in Burnaby North in October, 5% below September and 34% higher than October 2023. October condo sales increased by 39% month-over-month, to 121, and were 32% above October 2023.
THIS MONTH No.
PREVIOUS MONTH
PREVIOUS YEAR
No.
% Change
No.
% Change
The sales-to-listing ratio for condos in Burnaby North, at 21%, re'ected a sellers' market.
TOTAL INVENTORY TOTAL SALES SALES-LISTINGS RATIO MEDIAN SOLD PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
121 576
$885 $722,068 $664,500 21% 92 429
32% 34%
$940 $725,705 $715,000 14% 87 606
46% 39% -5%
The condo median price in October was $682,000, a 5% decrease from September and 3% above October 2023. The average sold price was $716,468, 1.3% below last month; the average PSF sale price was $913, down 3% to last month.
$913 $716,468 $682,000 21%
3% -0.8% 3% -2%
-3% -1.3% -5%
▶ AVG PRICE PER SQUARE FOOT
▶ RECENT TRENDS
● OCT 2023 ● OCT 2024
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
624
619
576
606
521
553
536
429
389
400
315
289
267
118
115
111
85
83
121
92
106
97
87
64
63
68
$722K
$710K
$713K
$715K
$709K
$699K
$699K
$692K
$689K
$681K
$682K
$665K
$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
250
4+ bdrms
200
1
150
6
3 bdrms
56
100
30%
27%
73
16%
2 bdrms
50
344
9%
9%
6%
0
42
<$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
92 28 30%
233 62 27%
145 23 16%
56 5 9%
23 2 9%
17 1 6%
3 0 n/a
7 0 n/a
175
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 November 12, 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. 16 ●
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