the rennie review - February 2021

TOWNHOME  JANUARY  burnaby north

AVERAGE PRICE

AVERAGE PSF PRICE

BENCHMARK PRICE 5 % UP

TOTAL LISTINGS

SALES

SALES TO LISTING RATIO

MARKET SUMMARY ›

2 % DOWN

4 % DOWN

0.0 %

8 % UP

SELLER’S 39 %

The number of townhome listings in Burnaby North increased 13% from last month, settling at 36, and was unchanged vs January 2020. Townhome sales, at 14, were 46% below last month but 8% above January 2020. The sales-to-listings ratio decreased to 39% in January, as Burnaby North’s townhome segment remained in a seller’s market. The benchmark price in January was up 1.1% month-over-month, to $759,000, and was 5% above January 2020. The average sold price was $783,979 in January, (5% above December) while the average PSF sales price was $577 (increasing 5%).

VS 

VS 

VS 

VS 

VS 

PREVIOUS MONTH

PREVIOUS YEAR

THIS MONTH No.

No.

% Change

No.

% Change

TOTAL LISTINGS

36 14

32 26

13% -46% -52%

36 13

0.0%

TOTAL SALES

8% 8% 5%

SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF

39%

81%

36%

$759,000 $751,000 $783,979 $746,915

1.1% $720,400 5% $802,962

-2% -4%

$577

$551

5%

$602

AVG PRICE PER SQUARE FOOT ›

HISTORICAL TREND

SALES

TOTAL INVENTORY

BENCHMARK PRICE

$759,000

$720,400 $728,200 $719,300 $736,000 $731,900 $742,900

67

66

57

52

46

36

36

25

22

18

15

14

13

13

BURNABY NORTH REBGV

TOTAL LISTINGS & SALES BY PRICE RANGE

NUMBER OF BEDROOMS

SALES

TOTAL INVENTORY

SL RATIO

SALES TOTAL INVENTORY



SELLER'S MARKET

  





BALANCED

1

4+ bdrms





BUYER'S MARKET

2





9



3 bdrms

15





4



<3 bdrms

. . . . 0 0 0 0 QD QD    QD QD QD                

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S-L RATIO SALES INVENTORY

Copyright © 2021 rennie group of companies. All rights reserved. This material may not be reproduced or distributed, in whole or in part, without the prior written permission of the rennie group of companies. Current as of February 3, 2021. All data from Real Estate Board of Greater Vancouver and Fraser Valley & Rennie. While the information and data contained herein has been obtained from sources deemed reliable, accuracy cannot be guaranteed. rennie group of companies does not assume responsibility or liability for any inaccuracies. The recipient of the information should take steps as the recipient may deem necessary to verify the information prior to placing any reliance upon the information. The information contained within this report should not be used as an opinion of value, such opinions should and can be obtained from a rennie and associates advisor. All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies. E.&O.E.

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