burnaby north TOWNHOME - MAY 2 0 2 4
SALES TO LISTINGS RATIO 38% SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▲ 8% VS 2023
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 9% VS 2023
▲ 11% VS 2023
▲ 65% VS 2023
▼ 32% VS 2023
There were 56 townhome listings in Burnaby North in May, 30% above April and 65% higher than May 2023.
May townhome sales increased by 40% month-over-month, to 21, and were 32% below May 2023.
THIS MONTH No.
PREVIOUS MONTH
PREVIOUS YEAR
No.
% Change
No.
% Change
The sales-to-listing ratio for townhomes in Burnaby North, at 38%, re(ected a sellers' market.
TOTAL INVENTORY TOTAL SALES SALES-LISTINGS RATIO MEDIAN SOLD PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
21 56
31 34
8% 9% 11% -59% -32% 65%
15 43
-2% 4% 0.1% 7% 40% 30%
The townhome median price in May was $880,000, a 0.1% increase from April and 11% above May 2023. The average sold price was $960,162, 4% above last month; the average PSF sale price was $742, down 2% to last month.
$742 $960,162 $880,000 38%
$688 $878,387 $790,000 91%
$761 $920,692 $879,000 35%
▶ AVG PRICE PER SQUARE FOOT
▶ RECENT TRENDS
● MAY 2023 ● MAY 2024
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
56
45
45
36
43
35
34
38
31
34
32
32
31
28
19
21
15
21
13
15
14
14
5
11
8
6
$950K
$915K
$890K
$879K
$880K
$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
100%
2
4+ bdrms
15
3
11
10
3 bdrms
25
35% 35%
33% 31%
6
5
2 bdrms
27
0
2
<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+
1
S-L RATIO SALES INVENTORY
3 1 33%
16 5 31%
17 6 35%
17 6 35%
3 3 100%
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 June 10, 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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