BURNABY/NEW WESTMINSTER RESALE MARKET SUMMARY

MLS Resale Highlights

Total listings and resales have increased by 94 and 53, respectively, when compared to the Fourth Quarter of 2022

The average per square foot sales values of High Rise, Low Rises, and Townhome units increased by $25, $12, and $64, respectively, when compared to the Fourth Quarter of 2022

The sales range of High Rise product increased by $35,000 on the lower end and by $19,999 on the higher-end when compared to the Fourth Quarter of 2022

Compared to the Fourth Quarter of 2022, the average price per square foot of one bedroom High Rise and Low Rise product has increased by $5 and $78, respectively

The average price per square foot of a two bedroom High Rise unit increased by $36 but decreased by $23 for a Low Rise unit over the past year

The average sales price of a two bedroom and three bedroom Townhome has increased by $75,766 and $25,745, respectively, when compared to the Fourth Quarter of 2022