burnabynorth TOWNHOME-AUGUST 2021
SALESTO LISTINGSRATIO 87% SELLERS'MARKET
▶ MARKETSUMMARY Therewere38townhomelistingsinBurnabyNorthin August,30%belowJulyand30%lowerthanAugust 2020. Augusttownhomesalesincreasedby32% month-over-month,to33,andwere22%aboveAugust 2020. Thesales-to-listingratiofortownhomesinBurnaby North,at87%,reflectedaselers'market. ThetownhomemedianpriceinAugustwas$750,000,a 16%decreasefromJulyand14%aboveAugust2020. Theaveragesoldpricewas$801,712,6%belowlast month;theaveragePSFsalepricewas$615,down0.7% tolastmonth.
AVERAGEPRICE
AVERAGE PSFPRICE ▲ 12% VS2020
MEDIANPRICE
TOTALLISTINGS
SALES
▲ 11% VS2020
▲ 14% VS2020
▼ 30% VS2020
▲ 22% VS2020
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No.
%Change
No.
%Change
TOTALLISTINGS TOTALSALES
33 38
27 54
12% 11% 14% 74% 22% -30%
25 54
-0.7% -6% -16% 88% 32% -30%
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF
$615 $801,712 $750,000 87%
$549 $719,922 $659,900 50%
$620 $851,940 $896,000 46%
▶ AVGPRICEPERSQUAREFOOT
▶ RECENTTRENDS
● AUG 2020 ● AUG 2021
● SALES ● TOTALINVENTORY ● MEDIANPRICE
69
64
56
55
54
54
53
57
57
54
52
51
38
35
34
40
33
35
25
25
27
25
22
21
18
14
$896K
$847K
$818K
$800K
$768K
$768K
$775K
$761K
$749K
$750K
$725K
$718K
$660K
BURNABYNORTH REBGV
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELERS'MARKET 21%+
BALANCED 12-20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-LRATIO
5
100%+
100%+
4+bdrms
90%
15
2
78%
12
3bdrms
10
25
33%
15
5
2bdrms
11
0
1
<$400K $400-599K $600-799K $800-999K $1.0M-1.24M $1.25M-1.49M $1.5M-1.99M $2M+
<2bdrms
S-LRATIO SALES INVENTORY
1 5 500%
18 14 78%
10 9 90%
3 4 133%
3 0 n/a
3 1 33%
Copyright©September7,2021renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofSeptember7,2021.AldatafromRealEstateBoardofGreater VancouverandFraserValey&Renie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipientoftheinformationshould takestepsastherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfromarennieandasociatesadvisor.Al informationissubjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromreniegroupofcompanies.E.&O.E. 15 ●
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