burnaby north CONDO - NOVEMBER 2 0 2 4
SALES TO LISTINGS RATIO 18% BALANCED MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▼ 4% VS 2023
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 39% VS 2023
▲ 17% VS 2023
▼ 1.4% VS 2023
▼ 6% VS 2023
There were 541 condo listings in Burnaby North in November, 6% below October and 39% higher than November 2023. November condo sales decreased by 20% month-over-month, to 97, and were 17% above November 2023. The sales-to-listing ratio for condos in Burnaby North, at 18%, reflected a balanced market. The condo median price in November was $677,900, a 0.6% decrease from October and 6% below November 2023. The average sold price was $717,287, 0.2% above last month; the average PSF sale price was $895, down 1.9% to last month.
THIS MONTH No.
PREVIOUS MONTH
PREVIOUS YEAR
No.
% Change
No. 121 576
% Change
TOTAL INVENTORY TOTAL SALES SALES-LISTINGS RATIO MEDIAN SOLD PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
$895 $717,287 $677,900 18% 97 541
$929 $727,450 $722,000 21% 83 389
17% 39%
-1.9% 0.2% -0.6% -15% -20% -6%
-4% -1.4% -6% -16%
$912 $716,023 $682,000 21%
▶ AVG PRICE PER SQUARE FOOT
▶ RECENT TRENDS
● NOV 2023 ● NOV 2024
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
576
624
619
606
521
541
553
536
389
400
315
289
267
121
118
115
111
85
97
83
106
97
87
64
63
68
$722K
$710K
$713K
$715K
$709K
$699K
$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
4+ bdrms
2
150
5
3 bdrms
50
100
28%
24%
65
50
2 bdrms
10%
312
9%
7%
4%
0
27
<$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
88 25 28%
207 50 24%
145 15 10%
54 5 9%
23 1 4%
15 1 7%
2 0 n/a
7 0 n/a
177
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. 16 ●
Made with FlippingBook - professional solution for displaying marketing and sales documents online