burnaby north CONDO - DECEMBER 2 0 2 3
SALES TO LISTINGS RATIO 22% SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▲ 5% VS 2022
MEDIAN PRICE
TOTAL LISTINGS
SALES
▲ 6% VS 2022
▲ 6% VS 2022
▲ 33% VS 2022
▲ 28% VS 2022
There were 289 condo listings in Burnaby North in December, 26% below November and 33% higher than December 2022. December condo sales decreased by 23% month-over-month, to 64, and were 28% above December 2022. The sales-to-listing ratio for condos in Burnaby North, at 22%, reflected a sellers' market. The condo median price in December was $708,500, a 1.9% decrease from November and 6% above December 2022. The average sold price was $735,222, 1.1% above last month; the average PSF sale price was $896, down 4% to last month.
THIS MONTH No.
PREVIOUS MONTH
PREVIOUS YEAR
No.
% Change
No.
% Change
TOTAL LISTINGS TOTAL SALES SALES-LISTINGS RATIO MEDIAN SOLD PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
$896 $735,222 $708,500 22% 64 289
$850 $691,428 $667,444 23% 50 218
5% 6% 6% -3% 28% 33%
$929 $727,450 $722,000 21% 83 389
-4% 1.1% -1.9% 4% -23% -26%
▶ AVG PRICE PER SQUARE FOOT
▶ RECENT TRENDS
● DEC 2022 ● DEC 2023
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
429
389
339
392
357
301
253
299
289
270
251
218
245
121
120
112
104
92
92
83
116
109
64
84
50
44
$730K
$722K
$709K
$707K
$708K
$696K
$683K
$680K
$667K
$668K
$665K
$661K
$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
100
4+ bdrms
80
60
4
3 bdrms
33
40
32%
28%
42
2 bdrms
19%
20
165
12%
0
18
<$400K $400-599K $600-799K $800-999K $1.0M-1.24M $1.25M-1.49M $1.5M-1.99M $2M+
<2 bdrms
S-L RATIO SALES INVENTORY
50 14 28%
95 30 32%
80 15 19%
41 5 12%
11 0 n/a
7 0 n/a
5 0 n/a
91
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 January 10, 2024. All data from Real Estate Board of Greater Vancouver and Fraser Valley & 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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