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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.
Fawn Bluff,Bute Inlet
5791 Newton Wynd,Vancouver West
2606 – 2610 Marine Crescent,Vancouver West
The River House Estate,Telkwa
1098 Wolfe Avenue,Vancouver West
5476 Angus Drive,Vancouver West
4176 Crown Crescent,Vancouver West
6335 Elm Street,Vancouver West
1657 W King Edward Avenue,Vancouver West
1075 Douglas Crescent,Vancouver West
3690 East Boulevard,Vancouver West
4335 Rockridge Road,West Vancouver
9911 Bates Road,Richmond
2149 West 35th Ave,Vancouver West
611 Shaw Avenue,Coquitlam
4245 St. Georges Avenue,North Vancouver
2817 138 Street,South Surrey White Rock
621 Shaw Avenue,Coquitlam
605 Shaw Avenue,Coquitlam
615 Shaw Avenue,Coquitlam
10180 Finlayson Drive, Richmond,Richmond
501 1337 W 10th Avenue,Vancouver West
2355 Larch Street,Vancouver West
217-10780 No 5 Road,Richmond
106-1750 Maple Street,Vancouver West
140-15230 Guildford Drive,Surrey
103 – 930 West 16th Avenue,Vancouver West
215-2020 East Kent Avenue South,Vancouver East
PH6-108 W Cordova Street,Vancouver West
113 – 9299 Tomicki Avenue,Richmond
903 – 162 Victory Ship Way,North Vancouver
205 – 9388 Tomicki Avenue,Richmond
305-930 West 16th Avenue,Vancouver West
205-930 West 16th Avenue,Vancouver West
851-855 Terminal Avenue,Vancouver East
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