the rennie review - June 2022

burnabynorth TOWNHOME-MAY 202

SALES TO LISTINGSRATIO 54% SELLERS'M ARKET

▶ MARKETSUMMARY

AVERAGEPRICE

AVERAGE PSF PRICE ▲ 20% VS 2021

MEDIAN PRICE

TOTALLISTINGS

SALES

▲ 22% VS 2021

▲ 16% VS 2021

▼ 56% VS 2021

▼ 63% VS 2021

Therewere28 townhom elistingsin BurnabyN orth in M ay,22% aboveApriland 56% lowerthan M ay2021. M aytownhom esalesincreased by25% m onth-over-m onth,to15,and were63% below M ay 2021. Thesales-to-listing ratio fortow nhom esin Burnaby N orth,at54% ,reflected aselers'm arket. Thetownhom em edian pricein M aywas$978,000,a 1.2% decreasefrom Apriland 16% aboveM ay2021. Theaveragesold pricewas$978,733,1.2% abovelast m onth;theaveragePSF salepricewas$698,up 3% to lastm onth.

THISMONTH No.

PREVIOUSYEAR

PREVIOUSMONTH

No.

% Change

No.

% Change

TOTALLISTINGS TOTALSALES

15 28

40 64

20% 22% 16% -14% -63% -56%

12 23

25% 22%

SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF

$698 $978,733 $978,000 54%

$580 $805,394 $846,500 63%

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

3% 1.2% -1.2% 3%

▶ AVG PRICEPERSQUAREFOOT

▶ RECENTTRENDS

● MAY 2021 ● MAY 202

● SALES ● TOTALINVENTORY ● MEDIAN PRICE

64

54

57

38 37

40

34

33

33

26

33

25

28

23

18

18

25

24

23

15

18

17

16

12

12

1

$950K $989K $978K

$919K

$896K

$857K $883K $905K

$847K

$789K $750K

$775K

$750K

BURNABYNORTH REBGV

▶ NUMBEROFBEDROOMS

▶ TOTALLISTINGS&SALESBYPRICERANGE

SEL ERS'MARKET 21% +

BALANCED 12 - 20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY

● SALES ● TOTALINVENTORY ● S-L RATIO

10

2

100%+

4+ bdrms

3

8

7

6

3 bdrms

12

50%

50%

4

30%

6

2 bdrms

2

12

0

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

<2 bdrms

S-L RATIO SALES INVENTORY

10 3 30%

10 5 50%

3 6 200%

2 1 50%

2 0 n/a

1 0 n/a

1

Copyright© June7,202 renniegroupofcom panies.Alrightsreserved.Thism aterialm aynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenperm is ionoftherenniegroupofcom panies.CurentasofJune7,202 .Aldatafrom RealEstateBoardofGreaterVancouverand FraserValey& Rennie.W hiletheinform ationanddatacontainedhereinhasbe nobtainedfrom sourcesde m edreliable,ac uracycannotbeguarante d.renniegroupofcom paniesdoesnotas um eresponsibiltyorliabiltyforanyinac uracies.Therecipientoftheinform ationshouldtakestepsas therecipientm ayde m neces arytoverifytheinform ationpriortoplacinganyrelianceupontheinform ation.Theinform ationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfrom arennieandas ociatesadvisor.Alinform ationis subjecttochangeandanypropertym aybewithdrawnfrom them arketatanytim ewithoutnoticeorobligationtotherecipientfrom ren iegroupofcom panies.E.&O.E. 15 ●

Made with FlippingBook - professional solution for displaying marketing and sales documents online