burnaby north TOWNHOME - DECEMBER 2 0 2 4
SALES TO LISTINGS RATIO 35% SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▼ 2% VS 2023
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 9% VS 2023
▲ 6% VS 2023
▲ 80% VS 2023
▼ 19% VS 2023
There were 26 townhome listings in Burnaby North in December, 35% below November and 19% lower than December 2023. December townhome sales decreased by 44% month-over-month, to 9, and were 80% above December 2023. The sales-to-listing ratio for townhomes in Burnaby North, at 35%, reflected a sellers' market. The townhome median price in December was $923,000, a 9% increase from November and 6% above December 2023. The average sold price was $977,100, 8% above last month; the average PSF sale price was $665, up 5% 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
$665 $977,100 $923,000 35% 9 26
$682 $896,100 $870,000 16% 5 32
-2% 9% 6% 122% 80% -19%
16 40
-13% -44% -35%
$637 $907,313 $847,500 40%
5% 8% 9%
▶ AVG PRICE PER SQUARE FOOT
▶ RECENT TRENDS
● DEC 2023 ● DEC 2024
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
51
49
55
48
54
40
45
36
43
35
32
34
21
20
26
19
16
15
14
14
9
12
12
10
5
6
$950K
$929K
$930K
$923K
$890K
$893K
$879K
$880K
$870K
$852K
$848K
$760K
$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
2
8
3
3 bdrms
50% 50%
6
9
43%
4
3
18%
2 bdrms
13
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
11 2 18%
7 3 43%
4 2 50%
4 2 50%
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 January 13, 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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