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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
Fawn Bluff,
Bute Inlet
$28,800,000
Four Hearts Ranch,
South Cariboo
$23,800,000
1143 Highway 3,
Okanagan
$8,700,000
Seven Stones Winery – 1143 Hwy 3,
Okanagan
$8,700,000
4235 West 29th Avenue,
Vancouver West
$7,380,000
4572 West 3rd Avenue,
Vancouver West
$6,998,000
Butedale Bay,
Princess Royal Island
$6,200,000
The River House Estate,
Telkwa
$4,998,000
3823 West 11th Avenue,
Vancouver West
$3,788,000
8596 Squilax-Anglemont Road,
North Shuswap
$3,280,000
301 – 2102 West 48th Avenue,
Vancouver West
$3,280,000
498 Ellis Street,
Okanagan
$3,274,800
450 Matheson Road,
Okanagan
$3,195,000
2791 Alamein Avenue,
Vancouver West
$2,998,000
2787 Alamein Avenue,
Vancouver West
$2,688,800
1-1310 W King Edward Avenue,
Vancouver West
$2,669,900
2-1310 W King Edward Avenue,
Vancouver West
$2,629,000
5880 Clarendon Street,
Vancouver East
$2,338,000
5411 Steveston Highway,
Richmond
$2,088,000
2789 Alamein Avenue,
Vancouver West
$1,998,000
9380 Francis Road,
Richmond
$1,799,000
1508 East 3rd Avenue,
Vancouver East
$1,688,000
2006 West 14th Avenue,
Vancouver West
$1,688,000
4111 Hudson Street,
Vancouver West
$1,629,000
2504-6288 Cassie Avenue,
Burnaby South
$1,419,000
4105 Hudson Street,
Vancouver West
$1,229,000
2008 West 14th Avenue,
Vancouver West
$1,198,000
4343 Windsor Street,
Vancouver East
$1,189,000
10216 125 Street,
North Surrey
$1,098,000
58-10199 River Drive,
Richmond
$1,069,000
803-8160 Lansdowne Road,
Richmond
$888,000
Cottage Siavonga,
Africa
$499,900 USD
15-145 Redwing Place,
Okanagan
$325,000
190 Peregrine Place,
Okanagan
$205,000
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Head Office: 1838 West 1st Avenue Vancouver, B.C V6J 1G5 Fax: 604-224-5279 Email: info@faithwilsongroup.com