burnaby north TOWNHOME - APRIL 2 0 2 4
SALES TO LISTINGS RATIO 35% SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▲ 18% VS 2023
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 26% VS 2023
▼ 1.3% VS 2023
▼ 2% VS 2023
▼ 35% VS 2023
There were 43 townhome listings in Burnaby North in April, 26% above March and 26% higher than April 2023. April townhome sales increased by 7% month-over-month, to 15, and were 35% below April 2023. The sales-to-listing ratio for townhomes in Burnaby North, at 35%, reflected a sellers' market. The townhome median price in April was $879,000, a 3% increase from March and 2% below April 2023. The average sold price was $920,692, 4% above last month; the average PSF sale price was $761, up 19% 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
15 43
23 34
18% -1.3% -2% -48% -35% 26%
14 34
19% 4% 3% -15% 7% 26%
$761 $920,692 $879,000 35%
$643 $932,578 $899,900 68%
$637 $883,531 $852,272 41%
▶ AVG PRICE PER SQUARE FOOT
▶ RECENT TRENDS
● APR 2023 ● APR 2024
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
43
45
45
36
35
34
38
34
34
32
32
31
31
28
19
23
21
15
13
15
14
14
11
8
6
5
$950K
$915K
$900K
$890K
$879K
$870K
$852K
$830K
$810K
$790K
$765K
$743K
$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
4+ bdrms
12
1
10
8
56%
8
3 bdrms
17
43%
6
33%
7
4
2 bdrms
22
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+
3
S-L RATIO SALES INVENTORY
3 0 n/a
12 4 33%
14 6 43%
9 5 56%
4 0 n/a
1 0 n/a
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 May 8, 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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