the rennie review - May 2023

burnabynorth TOWNHOME-APRIL 2023

SALES TO LISTINGSRATIO 68% SELLERS'M ARKET

▶ MARKETSUMMARY

AVERAGEPRICE

AVERAGE PSF PRICE ▼ 5% VS 2022

MEDIAN PRICE

TOTALLISTINGS

SALES

▼ 4% VS 2022

▼ 9% VS 2022

▲ 48% VS 2022

▲ 92% VS 2022

Therewere34 townhom elistingsin BurnabyN orth in April,3% aboveM arch and 48% higherthan April2022. Apriltownhom esalesincreased by53% m onth-over-m onth,to23,and were92% aboveApril 2022. Thesales-to-listing ratio fortow nhom esin Burnaby N orth,at68% ,reflected aselers'm arket. Thetownhom em edian pricein Aprilwas$899,900,a 1.7% increasefrom M arch and 9% below April2022. Theaveragesold pricewas$933,013,4% abovelast m onth;theaveragePSF salepricewas$643,down 1.8% tolastm onth.

THISMONTH No.

PREVIOUSMONTH

PREVIOUSYEAR

No.

% Change

No.

% Change

TOTALLISTINGS TOTALSALES

23 34

12 23

-5% -4% -9% 30% 92% 48%

15 33

49% 53% 3%

SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF

$643 $933,013 $899,900 68%

$675 $967,050 $989,400 52%

$655 $898,960 $885,000 45%

-1.8% 4% 1.7%

▶ AVG PRICEPERSQUAREFOOT

▶ RECENTTRENDS

● APR 202 ● APR 2023

● SALES ● TOTALINVENTORY ● MEDIAN PRICE

45

38

35

39

33

34

36

29

31

23

25 25 25

23

17

17

15

12

15

12

12

1

8

7 8

5

$989K $978K

$969K

$875K $868K

$880K $885K $900K

$860K

$770K $748K $775K

$748K

BURNABYNORTH REBGV

▶ NUMBEROFBEDROOMS

▶ TOTALLISTINGS&SALESBYPRICERANGE

SEL ERS'MARKET 21% +

BALANCED 12 - 20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY

● SALES ● TOTALINVENTORY ● S-L RATIO

10

3

100%+ 100%+

4+ bdrms

4

8

71%

16

6

3 bdrms

19

4

3

2 bdrms

17%

14%

9

2

0

1

<2 bdrms

<$400K $400-599K $600-799K $800-999K $1.0M -1.24M $1.25M -1.49M $1.5M -1.99M $2M +

2

S-L RATIO SALES INVENTORY

7 1 14%

7 5 71%

9 10 111%

4 6 150%

6 1 17%

1 0 n/a

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