burnaby north TOWNHOME - NOVEMBER 2 0 2 4
SALES TO LISTINGS RATIO 41% SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▼ 1.3% VS 2023
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 6% VS 2023
▲ 11% VS 2023
▲ 3% VS 2023
▲ 7% VS 2023
There were 39 townhome listings in Burnaby North in November, 19% below October and 3% higher than November 2023. November townhome sales increased by 14% month-over-month, to 16, and were 7% above November 2023. The sales-to-listing ratio for townhomes in Burnaby North, at 41%, reflected a sellers' market. The townhome median price in November was $847,500, a 5% decrease from October and 11% above November 2023. The average sold price was $907,313, 1.4% above last month; the average PSF sale price was $637, up 1.0% 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
16 39
15 38
4% 7% 3%
14 48
1% 1.4% -5% 41% 14% -19%
$637 $907,313 $847,500 41%
$645 $854,133 $765,000 39%
$631 $894,390 $892,500 29%
-1.3% 6% 11%
▶ AVG PRICE PER SQUARE FOOT
▶ RECENT TRENDS
● NOV 2023 ● NOV 2024
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
51
49
55
48
54
45
36
43
35
38
39
34
32
21
20
19
15
16
15
14
14
12
12
5
10
6
$950K
$929K
$930K
$890K
$893K
$879K
$880K
$870K
$852K
$848K
$765K
$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
14
3
12
4+ bdrms
5
10
63%
10
8
54%
3 bdrms
16
6
25%
3
4
2 bdrms
17%
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
13 7 54%
12 3 25%
8 5 63%
6 1 17%
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 December 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. 15 ●
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