burnaby north TOWNHOME - SEPTEMBER 2 0 2 3
SALES TO LISTINGS RATIO 18% BALANCED MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▲ 6% VS 2022
MEDIAN PRICE
TOTAL LISTINGS
SALES
▲ 1.3% VS 2022
▲ 15% VS 2022
▼ 0.7% VS 2022
▼ 33% VS 2022
There were 45 townhome listings in Burnaby North in September, 41% above August and 15% higher than September 2022. September townhome sales decreased by 27% month-over-month, to 8, and were 33% below September 2022. The sales-to-listing ratio for townhomes in Burnaby North, at 18%, reflected a balanced market. The townhome median price in September was $742,500, a 8% decrease from August and 0.7% below September 2022. The average sold price was $814,663, 8% below last month; the average PSF sale price was $650, up 5% 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
$650 $814,663 $742,500 18% 8 45
12 39
6% 1.3% -0.7% -42% -33% 15%
11 32
-48% -27% 41%
$614 $804,000 $747,500 31%
$619 $887,545 $810,000 34%
5% -8% -8%
▶ AVG PRICE PER SQUARE FOOT
▶ RECENT TRENDS
● SEP 2022 ● SEP 2023
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
45
45
34
34
39
33
32
31
31
31
28
25
25
25
23
17
21
15
12
14
12
11
11
8
8
7
$915K
$900K
$880K
$885K
$875K
$868K
$830K
$810K
$790K
$775K
$748K
$748K
$743K
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
12
1
4+ bdrms
4
10
8
3
60%
3 bdrms
28
6
4
4
2 bdrms
18%
10
2
0
<2 bdrms
<$400K $400-599K $600-799K $800-999K $1.0M-1.24M $1.25M-1.49M $1.5M-1.99M $2M+
3
S-L RATIO SALES INVENTORY
4 0 n/a
10 6 60%
12 0 n/a
11 2 18%
8 0 n/a
Copyright © October 10, 2023 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 October 10, 2023. 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. 15 ●
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