burnabynorth CONDO-AUGUST 2021
SALESTO LISTINGSRATIO 39% SELLERS'MARKET
▶ MARKETSUMMARY Therewere302condolistingsinBurnabyNorthin August,-0.7%belowJulyand26%lowerthanAugust 2020. Augustcondosalesincreasedby4%month-over-month, to117,andwere15%aboveAugust2020.
AVERAGEPRICE
AVERAGE PSFPRICE ▲ 8% VS2020
MEDIANPRICE
TOTALLISTINGS
SALES
▲ 8% VS2020
▲ 12% VS2020
▼ 26% VS2020
▲ 15% VS2020
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No. 25% 102 407
%Change
No. 37% 113 304
%Change
Thesales-to-listingratioforcondosinBurnabyNorth,at 39%,reflectedaselers'market.
TOTALLISTINGS TOTALSALES
39% 117 302
12% 55% 15% -26%
8% 5% 7% 4% 4% -0.7%
ThecondomedianpriceinAugustwas$655,000,a7% increasefromJulyand12%aboveAugust2020. Theaveragesoldpricewas$662,269,5%abovelast month;theaveragePSFsalepricewas$823,up8%to lastmonth.
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF
$823 $662,269 $655,000
$761 $631,158 $615,000
$760 $610,851 $587,000
8% 8%
▶ AVGPRICEPERSQUAREFOOT
▶ RECENTTRENDS
● AUG 2020 ● AUG 2021
● SALES ● TOTALINVENTORY ● MEDIANPRICE
407
379
414
400
323
312
304
284
302
324
273
290
182 275
201
10
143
17
102
129
13 13
97
96
91
87
$655K
$649K
$625K
$617K
$615K
$608K
$613K
$612K
$598K
$587K
$590K
$582K
$559K
BURNABYNORTH REBGV
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELERS'MARKET 21%+
BALANCED 12-20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-LRATIO
100
4+bdrms
1
80
67%
8
60
3bdrms
24
47% 48%
40
32%
70
2bdrms
20
200
10%
0
39
<$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
9 6 67%
79 37 47%
100 48 48%
75 24 32%
20 2 10%
7 0 n/a
10 0 n/a
2 0 n/a
77
Copyright©September7,2021renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofSeptember7,2021.AldatafromRealEstateBoardofGreater VancouverandFraserValey&Renie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipientoftheinformationshould takestepsastherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfromarennieandasociatesadvisor.Al informationissubjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromreniegroupofcompanies.E.&O.E. 16 ●
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