BURNABY/NEW WESTMINSTER RESALE MARKET SUMMARY

MLS Resale Highlights

Total resales have decreased by 318 when compared to the Fourth Quarter of 2021, while total listings have increased by 125 in that same time span

The average per square foot sales values of High Rise, Low Rise, and Townhomes have increased when comparing to the Fourth Quarter of 2021 by $26, $53, and $38, respectively

The sales range of High Rise product decreased by $87,000 on the lower end, while the top-end price range increased by $65,000 when compared to the Fourth Quarter of 2021

Compared to the Fourth Quarter of 2021, the average price per square foot of one bedroom High Rise and Low Rise product has increased by $40 and $54, respectively

The average price per square foot of two bedroom High Rise and Low Rise products has increased by $11 and $60, respectively, over the past year

The average sales price of two and three bedroom Townhomes have decreased by $4,559 and $10,733, respectively, when compared to the Fourth Quarter of 2021