burnaby north CONDO - SEPTEMBER 2 0 2 4
SALES TO LISTINGS RATIO 14% BALANCED MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▲ 5% VS 2023
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 7% VS 2023
▲ 55% VS 2023
▲ 4% VS 2023
▼ 0.8% VS 2023
There were 606 condo listings in Burnaby North in September, 2% below August and 55% higher than September 2023. September condo sales decreased by 22% month-over-month, to 87, and were 4% above September 2023. The sales-to-listing ratio for condos in Burnaby North, at 14%, re&ected a balanced market. The condo median price in September was $715,000, a 3% increase from August and 7% above September 2023. The average sold price was $725,705, 6% below last month; the average PSF sale price was $940, up 2% to last month.
THIS MONTH No.
PREVIOUS MONTH
PREVIOUS YEAR
No.
% Change
No. 111 619
% Change
TOTAL INVENTORY TOTAL SALES SALES-LISTINGS RATIO MEDIAN SOLD PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
$940 $725,705 $715,000 14% 87 606
$892 $731,354 $668,000 21% 84 392
5% -0.8% 7% -33% 4% 55%
-20% -22% -2%
$920 $769,753 $692,000 18%
2% -6% 3%
▶ AVG PRICE PER SQUARE FOOT
▶ RECENT TRENDS
● SEP 2023 ● SEP 2024
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
606
624 619
521
553
536
429
389
392
400
315
289
267
118
115
111
92
85
83
87
84
106
97
64
63
68
$722K
$710K
$713K
$715K
$709K
$699K
$699K
$692K
$689K
$681K
$668K
$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
1
200
5
150
3 bdrms
57
100
22%
49
15% 18%
2 bdrms
50
368
5%
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
79 17 22%
254 39 15%
157 28 18%
58 3 5%
26 0 n/a
23 0 n/a
2 0 n/a
7 0 n/a
180
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 October 9, 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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