burnaby north CONDO - SEPTEMBER 2 0 2 3
SALES TO LISTINGS RATIO 21% SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▲ 8% VS 2022
MEDIAN PRICE
TOTAL LISTINGS
SALES
▲ 5% VS 2022
▲ 3% VS 2022
▲ 53% VS 2022
▲ 2% VS 2022
There were 392 condo listings in Burnaby North in September, 10% above August and 53% higher than September 2022. September condo sales decreased by 19% month-over-month, to 84, and were 2% above September 2022. The sales-to-listing ratio for condos in Burnaby North, at 21%, reflected a sellers' market. The condo median price in September was $668,000, a 2% increase from August and 3% above September 2022. The average sold price was $731,354, 6% above last month; the average PSF sale price was $892, down 2% to last month.
THIS MONTH No.
PREVIOUS MONTH
PREVIOUS YEAR
No.
% Change
No. 104 357
% Change
TOTAL LISTINGS TOTAL SALES SALES-LISTINGS RATIO MEDIAN SOLD PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
$892 $731,354 $668,000 21% 84 392
$823 $695,309 $650,500 32% 82 257
8% 5% 3% -33% 2% 53%
-26% -19% 10%
$911 $692,067 $652,000 29%
-2% 6% 2%
▶ AVG PRICE PER SQUARE FOOT
▶ RECENT TRENDS
● SEP 2022 ● SEP 2023
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
392
339
357
301
268
264
253
299
257
270
251
245
218
121
120
112
104
92
116
109
84
82
50
58
52
44
$730K
$704K
$707K
$708K
$692K
$696K
$683K
$680K
$667K
$668K
$661K
$651K
$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
140
100%
4+ bdrms
120
100
2
80
3 bdrms
46
60
38%
47
40
24%
2 bdrms
234
14% 15% 14% 13%
20
0
35
<$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
1 1 100%
60 23 38%
141 34 24%
123 17 14%
39 6 15%
14 2 14%
8 1 13%
6 0 n/a
112
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. 16 ●
Made with FlippingBook - professional solution for displaying marketing and sales documents online