burnaby north CONDO - APRIL 2 0 2 4
SALES TO LISTINGS RATIO 23% SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▲ 3% VS 2023
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 0.5% VS 2023
▲ 3% VS 2023
▲ 93% VS 2023
▲ 1.7% VS 2023
There were 521 condo listings in Burnaby North in April, 30% above March and 93% higher than April 2023.
April condo sales increased by 74% month-over-month, to 118, and were 1.7% above April 2023.
THIS MONTH No.
PREVIOUS MONTH
PREVIOUS YEAR
No. 116 270
% Change
No.
% Change
The sales-to-listing ratio for condos in Burnaby North, at 23%, reflected a sellers' market.
TOTAL INVENTORY TOTAL SALES SALES-LISTINGS RATIO MEDIAN SOLD PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
118 521
3% 0.5% 3% -47% 1.7% 93%
$930 $797,641 $713,000 17% 68 400
1.9% -7% -2% 33% 74% 30%
The condo median price in April was $698,500, a 2% decrease from March and 3% above April 2023. The average sold price was $740,846, 7% below last month; the average PSF sale price was $947, up 1.9% to last month.
$947 $740,846 $698,500 23%
$920 $737,486 $680,000 43%
▶ AVG PRICE PER SQUARE FOOT
▶ RECENT TRENDS
● APR 2023 ● APR 2024
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
521
429
389
339
400
392
301
357
315
270
299
289
267
120
121
104
92
118
116
83
84
109
84
68
64
63
$730K
$722K
$709K
$710K
$713K
$699K
$696K
$699K
$683K
$680K
$668K
$665K
$652K
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
1
150
9
3 bdrms
47
100
36%
23% 25%
59
50
2 bdrms
15%
284
6%
0
50
<$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
76 27 36%
204 46 23%
140 35 25%
60 9 15%
17 0 n/a
16 1 6%
3 0 n/a
5 0 n/a
189
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. 16 ●
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