burnaby north CONDO - NOVEMBER 2 0 2 3
SALES TO LISTINGS RATIO 21% SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▲ 15% VS 2022
MEDIAN PRICE
TOTAL LISTINGS
SALES
▲ 1.1% VS 2022
▲ 3% VS 2022
▲ 45% VS 2022
▲ 60% VS 2022
There were 389 condo listings in Burnaby North in November, 9% below October and 45% higher than November 2022. November condo sales decreased by 10% month-over-month, to 83, and were 60% above November 2022. The sales-to-listing ratio for condos in Burnaby North, at 21%, reflected a sellers' market. The condo median price in November was $722,000, a 9% increase from October and 3% above November 2022. The average sold price was $727,450, 0.7% above last month; the average PSF sale price was $929, 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
$929 $727,450 $722,000 21% 83 389
$807 $719,531 $703,500 19% 52 268
15% 1.1% 3% 10% 60% 45%
$885 $722,068 $664,500 21% 92 429
5% 0.7% 9% -0.5% -10% -9%
▶ AVG PRICE PER SQUARE FOOT
▶ RECENT TRENDS
● NOV 2022 ● NOV 2023
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
429
389
339
392
357
301
253
299
268
270
251
245
218
121
120
112
104
92
92
116
109
83
50
84
52
44
$730K
$722K
$704K
$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
140
120
4+ bdrms
100
2
80
3 bdrms
42
60
31%
40
50
26%
2 bdrms
20%
226
20
10%
6%
0
31
<$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 0 n/a
67 21 31%
136 35 26%
106 21 20%
49 5 10%
16 1 6%
7 0 n/a
7 0 n/a
121
Copyright © 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 December 11, 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 ●
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