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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
2606 – 2610 Marine Crescent,Vancouver West
1098 Wolfe Avenue,Vancouver West
5476 Angus Drive,Vancouver West
4176 Crown Crescent,Vancouver West
6335 Elm Street,Vancouver West
1075 Douglas Crescent,Vancouver West
3690 East Boulevard,Vancouver West
4335 Rockridge Road,West Vancouver
9911 Bates Road,Richmond
3535 West 15th Avenue,Vancouver West
611 Shaw Avenue,Coquitlam
481 West 17th Avenue,Vancouver West
3696 West 2nd Avenue,Vancouver West
4114 West 12th Avenue,Vancouver West
621 Shaw Avenue,Coquitlam
15180 Columbia Avenue,South Surrey White Rock
2025 West 14th Avenue,Vancouver West
601 Shaw Avenue,Coquitlam
605 Shaw Avenue,Coquitlam
615 Shaw Avenue,Coquitlam
32 West 14th Avenue,Vancouver West
2832 153A Street,South Surrey White Rock
1294 Lansdowne Drive,Coquitlam
113 – 9299 Tomicki Avenue,Richmond
140-15230 Guildford Drive,Surrey
303 – 930 West 16th Avenue,Vancouver West
102-2130 West 12th Avenue,Vancouver West
205 – 9388 Tomicki Avenue,Richmond
205-930 West 16th Avenue,Vancouver West
509-360 East 36th Avenue,Vancouver East
851-855 Terminal Avenue,Vancouver East
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