1 minute read
BURNABY/NEW WESTMINSTER RESALE MARKET SUMMARY
MLS Resale Highlights
Total resales have decreased by 241 when compared to the First Quarter of 2022, while total listings have increased by 139 in that same time span
Advertisement
The average per square foot sales values of High Rise and Low Rise units decreased by $10 and $23, respectively, while Townhomes have increased by $11 when compared to the First Quarter of 2022
The sales range of High Rise product decreased by $65,000 on the lower end and the top-end price range decreased by $61,000 when compared to the First Quarter of 2022
Compared to the First Quarter of 2022, the average price per square foot of one bedroom High Rise and Low Rise product has increased by $90 and $82, respectively
The average price per square foot of two bedroom High Rise and Low Rise products has increased by $67 and $56, respectively, over the past year
The average sales price of a two bedroom Townhome has increased by $16,190 while a three bedroom Townhome decreased by $21,371 when compared to the First Quarter of 2022
