Burnaby's home prices last month saw a mix of increases and decreases throughout the city, according to a new report by Greater Vancouver Realtors (GVR).
Residential prices in Burnaby East hit a benchmark price of $1,124,000 (-1.4 per cent compared to October), $989,000 in Burnaby North (-0.4 per cent) and $1,120,200 in Burnaby South (+0.1 per cent).
Single-family detached homes saw a $1,952,700 benchmark price in Burnaby East (-2.1 per cent), $2,108,900 in Burnaby North (-1.0 per cent) and $2,268,900 in Burnaby South (+1.2 per cent).
Throughout Metro Vancouver, GVR's data showed residential sales in the region totalled 2,181 in November, which is a 28.1 per cent increase compared to the 1,702 sales recorded in November 2023.
“When we saw demand pick up in October, there was still a question over whether it was a blip in the data or the start of an emerging trend,” GVR director of economics and data analytics Andrew Lis said in the report.
While the November market isn’t quite a Cyber Monday doorcrasher, buyers are continuing to take advantage of the relatively balanced market conditions while they last.”
The number of homes listed for sale also increased last month with 13,245 listings (+21.2 per cent) compared to 10,931 listed in November 2023.
Areas covered by Greater Vancouver Realtors include Burnaby, New Westminster, Coquitlam, Port Coquitlam, Port Moody, Maple Ridge, North Vancouver, Pitt Meadows, Richmond, South Delta, Squamish, Bowen Island, Sunshine Coast, Vancouver, West Vancouver and Whistler.
