burnabynorth DETACHED-AUGUST 2021
SALESTO LISTINGSRATIO 26% SELLERS'MARKET
▶ MARKETSUMMARY Therewere105detachedlistingsinBurnabyNorthin August,13%belowJulyand17%lowerthanAugust 2020. Augustdetachedhomesalesdecreasedby40% month-over-month,to27,andwere53%belowAugust 2020. Thesales-to-listingratiofordetachedinBurnabyNorth, at26%,reflectedaselers'market.
AVERAGEPRICE
MEDIANPRICE
TOTALLISTINGS
SALES
▲ 11% VS2020
▲ 8% VS2020
▼ 17% VS2020
▼ 53% VS2020
THISMONTH No. $1,842,621 $1,700,000 26% 27 105
PREVIOUSYEAR
PREVIOUSMONTH
No.
%Change
No.
%Change
TOTALLISTINGS TOTALSALES
$1,666,039 $1,570,000 46% 58 127
11% 8% -44% -53% -17%
$1,871,364 $1,810,000 37% 45 121
-1.5% -6% -31% -40% -13%
ThedetachedmedianpriceinAugustwas$1,700,000,a 6%decreasefromJulyand8%aboveAugust2020.
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE
Theaveragesoldpricewas$1,842,621,1.5%belowlast monthanddown11%toAugust2020.
▶ RATIOOFMEDIANPRICES
▶ RECENTTRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTALINVENTORY ● MEDIANPRICE
154
161
157
136
132
125
2.38
127
17
2.27
121
105
2.02
76
66
80
53
58
67 67
45
45
1.46
49
48
45 44
27
34
1.15
22
1.12
$1.92M
$1.80M $1.80M
$1.81M
$1.80M
$1.78M
$1.70M
$1.60M
$1.60M
$1.57M
$1.56M
$1.55M
$1.50M
Aug-20
Jul-21
Aug-21
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELERS'MARKET 21%+
BALANCED 12-20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY ● S-LRATIO
50
40
30
50%
20
31%
23%
10
8%
7%
0
<$600K
$600-799K
$800-999K
$1.0M-1.24M $1.25M-1.49M $1.5M-1.99M
$2.0M-2.49M
$2.5M-2.99M
$3M+
S-LRATIO SALES INVENTORY
0 1 n/a
8 4 50%
48 15 31%
22 5 23%
14 1 7%
13 1 8%
Copyright©September7,2021renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofSeptember7,2021.AldatafromRealEstate BoardofGreaterVancouverandFraserValey&Rennie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycanotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.The recipientoftheinformationshouldtakestepsastherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbe obtainedfromarennieandasociatesadvisor.Alinformationissubjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromrenniegroupofcompanies.E.&O.E.
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