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Townhouse sales and listings in Burnaby-New Westminster were in step during October, in that nearly every new listing sold, and quickly. But, with 77 new listings and 68 sales, this is not a balanced market. It is very much a seller’s advantage, as many buyers wish to purchase before rigid new mortgage regulations coming in January make it harder to qualify at the price they want to pay. October benchmark prices for townhouses were up around 2% from September across Burnaby-New Westminster, another indication of the extreme demand that drove sales up 44% from the same month a year earlier. The message to potential townhouse sellers is clear: now is the prime time to be listing.
It is hard to imagine a more active condo market. With October sales up 37.8% from the same month last year, to 339, condo apartment transactions were the highest in six months. The sales-to-new-listing ratio was a starling 94%, even with 351 new listings added, and the typical new listing sold within a median of 9 days. The average condo price in the region is above $564,400, up $24,000 from May. Yet we believe sales and prices will ramp even higher this year.
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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