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Burnaby and New Westminster flow from the Burrard Inlet to the Fraser River. And in that entire expanse there were only 68 new listings for townhouses in November, the lowest level since January. Likely due to the low inventory, townhouse sales were down 20% in November from the same month last year, to 35. The sales-to-listing ratio was a startling 84%, a clear advantage to sellers. The benchmark prices were virtually unchanged from a month earlier – at $711,800 in North Burnaby, $760,300 in Burnaby South, $655,700 in Burnaby East and $682,300 in New Westminster. If you plan to sell a townhouse now could be an excellent opportunity to list. Many buyers want to close before mortgage regulations tighten January 1.
Condominium apartment sales were up 8% in November from November 2016 as Burnaby-New Westminster continued as one of the top condo markets in Metro Vancouver. In November, 256 condos sold and the typical new listing was purchased in a median of just 9 days. The overall benchmark price is rising, up 3% from three months ago to $607,000. We expect condominium apartment sales and prices to increase as we move towards year-end. With more than 9 sales every day during November, the momentum is building.
Featured Listings
5679 Newton Wynd,
Vancouver West
$31,000,000
1143 Highway 3,
Okanagan
$8,700,000
Seven Stones Winery – 1143 Hwy 3,
Okanagan
$8,700,000
4572 West 3rd Avenue,
Vancouver West
$6,998,000
1001-1633 Ontario Street,
Vancouver West
$6,800,000
Butedale Bay,
Princess Royal Island
$6,200,000
The River House Estate,
Telkwa
$4,998,000
2588 Courtenay Street,
Vancouver West
$4,388,000
8596 Squilax-Anglemont Road,
North Shuswap
$3,380,000
2791 Alamein Avenue,
Vancouver West
$2,998,000
142 Flagstone Rise,
Okanagan
$2,349,000
5880 Clarendon Street,
Vancouver East
$2,338,000
2789 Alamein Avenue,
Vancouver West
$2,199,000
3605 – 688 Abbott Street,
Vancouver West
$1,998,000
401-2239 West 1st Avenue,
Vancouver West
$1,988,000
5254 Sherbrooke Street,
Vancouver East
$1,699,000
2440 Gammon Road,
Okanagan
$1,698,000
3023 Maple Street,
Vancouver West
$1,688,000
2006 West 14th Avenue,
Vancouver West
$1,688,000
3057 Naramata Road,
Okanagan
$1,169,000
408-503 West 16th Avenue,
Vancouver West
$1,150,000
188 Longview Place,
Okanagan
$970,000
6-8711 Jones Road,
Richmond
$768,000
125-6033 Katsura Street,
Richmond
$729,000
2488 East 8th Avenue,
Vancouver East
$699,000
Cottage Siavonga,
Africa
$499,900 USD
419-9979 140th Street,
North Surrey
$445,000
104-3426 Hemlock Street,
Okanagan
$249,900
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Head Office: 1838 West 1st Avenue Vancouver, B.C V6J 1G5 Fax: 604-224-5279 Email: info@faithwilsongroup.com