the rennie review - July 2022

burnabynorth TOWNHOME-JUNE 202

SALES TO LISTINGSRATIO 49% SELLERS'M ARKET

▶ MARKETSUMMARY

AVERAGEPRICE

AVERAGE PSF PRICE ▲ 7% VS 2021

MEDIAN PRICE

TOTALLISTINGS

SALES

▲ 12% VS 2021

▲ 11% VS 2021

▼ 39% VS 2021

▼ 50% VS 2021

Therewere35 townhom elistingsin BurnabyN orth in June,21% aboveM ayand 39% lowerthan June2021. Junetownhom esalesincreased by13% m onth-over-m onth,to17,and were50% below June 2021. Thesales-to-listing ratio fortow nhom esin Burnaby N orth,at49% ,reflected aselers'm arket. Thetownhom em edian pricein Junewas$860,000,a 12% decreasefrom M ayand 11% aboveJune2021. Theaveragesold pricewas$873,847,11% below last m onth;theaveragePSF salepricewas$657,down 6% to lastm onth.

THISMONTH No.

PREVIOUSYEAR

PREVIOUSMONTH

No.

% Change

No.

% Change

TOTALLISTINGS TOTALSALES

17 35

34 57

7% 12% 11% -19% -50% -39%

15 29

-6% -11% -12% -6% 13% 21%

SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF

$657 $873,847 $860,000 49%

$616 $780,601 $775,000 60%

$698 $978,733 $978,000 52%

▶ AVG PRICEPERSQUAREFOOT

▶ RECENTTRENDS

● JUN 2021 ● JUN 202

● SALES ● TOTALINVENTORY ● MEDIAN PRICE

54

57

38 37

34

33

33

35

29

26

33

25

23

18

18

25

24

23

15

17

18

17

16

12

12

1

$950K $989K $978K

$919K

$896K

$857K $883K $905K

$860K

$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

12

1

100%

100%+

10

4+ bdrms

3

8

67%

8

3 bdrms

6

21

36%

4

7

2 bdrms

2

10

0

1 1

<$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

1 1 100%

9 6 67%

11 4 36%

5 6 120%

5 0 n/a

4 0 n/a

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