the rennie review DATA-DRIVEN INSIGHTS INTO SALES, LISTINGS, & PRICING TRENDS FOR 14 SUB-MARKETS IN THE VANCOUVER REGION
published October 2022
table of contents
02 INTRO
Each month, we release the rennie review, a detailed look at the real estate marketplace in the Vancouver Region. This report examines the market stats by sub-market, provides updates on current rennie projects, and more.
03 WHAT YOU NEED TO KNOW
04 FEATURED LISTINGS
NEIGHBOURHOOD PROFILES
05 08 11 14 17 20 23 26 29 32 35 38 41 44 47 48 51
Vancouver Region
Greater Vancouver Board Area Fraser Valley Board Area
Burnaby North Burnaby South
Ryan Berlin DIRECTOR OF INTELLIGENCE & SENIOR ECONOMIST rberlin@rennie.com
Ryan Wyse SENIOR ANALYST rwyse@rennie.com
Coquitlam
Langley
North Delta
New Westminster North Vancouver
Richmond Squamish
Surrey
Vancouver East
Vancouver Downtown
Vancouver West West Vancouver
53 AREA MAPS
56 CURRENT PROJECTS
Copyright © 2022 rennie group of companies. All rights reserved. This material may not be reproduced or distributed, in whole or in part, without the prior written permission of the rennie group of companies. Current as of October 5, 2022. All data from Real Estate Board of Greater Vancouver and Fraser Valley & Rennie. While the information and data contained herein has been obtained from sources deemed reliable, accuracy cannot be guaranteed. rennie group of companies does not assume responsibility or liability for any inaccuracies. The recipient of the information should take steps as the recipient may deem necessary to verify the information prior to placing any reliance upon the information. The information contained within this report should not be used as an opinion of value, such opinions should and can be obtained from a rennie and associates advisor. All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies. E.&O.E. 2
market stagnation amidst interest rate anticipation
Uncertainty around the number and magnitude of future interest rate increases has contributed to the slowdown of the housing market in the Vancouver Region, with fewer sales and listings than is typical for September.
rose by just 0.8% between August and September, to 15,038. Notably, this level of supply is 21% below the long-run average. Part of the reason inventory did not rise appreciably is that only 6,440 new listings came to market last month—13% below September 2021’s count and 17% below the past 10-year average for the month. This new listings low-flow, combined with already below-average levels of supply, points to fewer-than-is-typical sales being reported in October. And with the Bank of Canada’s next interest rate announcement on October 26th—expect another rate hike, perhaps as high as 75 basis points—the continued uncertainty around inflation and how high interest rates might rise will compel buyers (and perhaps some sellers) to wait on the sidelines for the macroeconomic environment to settle down.
For many, September is a month of transition: summer holidays have come to end, school is back in session, and as a Canadian media executive recently recounted to me, his first wife observed that “the only time of the year people really work hard are the months of September, October, and November”. For our local housing market, September represents a transition from the slower summer market into a more active fall one, with (typically) rising listing counts paving the way for a bump in sales counts in October. As with so many things, though, this year has been different; indeed, market activity in the Vancouver Region was rather muted last month. As we noted previously, this year’s large and frequent rate hikes by the Bank of Canada have dampened housing demand, with buyer confidence not at its, shall we say, highest level in recent memory.
And while prices have been declining of late—the overall benchmark price in the Greater Vancouver board area is down 9% from its peak in the spring, and down 16% in the Fraser Valley board area—borrowing costs have risen such that purchasing power has been eroded for almost all would-be home buyers. Reflecting these dynamics, the 2,549 MLS sales in the Vancouver Region last month were 36% lower than the past 10-year average; they were also 10% below August 2022’s level, when the typical seasonal pattern is a 3% contraction. As we also noted previously, rising interest rates have not yielded an expansion in housing supply and, for this, we can “thank” a robust labour market. This continued to hold true in September, with Metro Vancouver’s unemployment rate falling to 3.9% (its lowest level in 4 years) while the region’s total number of home listings
Copyright © 2022 rennie group of companies. All rights reserved. This material may not be reproduced or distributed, in whole or in part, without the prior written permission of the rennie group of companies. Current as of October 5, 2022. All data from Real Estate Board of Greater Vancouver and Fraser Valley & Rennie. While the information and data contained herein has been obtained from sources deemed reliable, accuracy cannot be guaranteed. rennie group of companies does not assume responsibility or liability for any inaccuracies. The recipient of the information should take steps as the recipient may deem necessary to verify the information prior to placing any reliance upon the information. The information contained within this report should not be used as an opinion of value, such opinions should and can be obtained from a rennie and associates advisor. All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies. E.&O.E. 3
featured listings SEARCH FOR THE HOME YOU LOVE AT RENNIE.COM
Seawind
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Waterfall
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Jane Chu PREC*
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Legacy
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Brandan Price PREC*
Derek Kai PREC*
Calvin Kan PREC*
Alto
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Paul Y. Wong PREC*
Jason Soprovich
Belinda Grant
Firenze
Seymour Village
W1
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Brandon Blue PREC*
Jake Kim
Oasis
Guildford Park Estates
Townhome
Andy Mah PREC*
Jessica Lozada PREC*
Laura Benitez PREC*
Copyright © 2022 rennie group of companies. All rights reserved. This material may not be reproduced or distributed, in whole or in part, without the prior written permission of the rennie group of companies. Current as of October 5, 2022. While the information and data contained herein has been obtained from sources deemed reliable, accuracy cannot be guaranteed. rennie group of companies does not assume responsibility or liability for any inaccuracies. The recipient of the information should take steps as the recipient may deem necessary to verify the information prior to placing any reliance upon the information. The information contained within this report should not be used as an opinion of value, such opinions should and can be obtained from a rennie and associates advisor. All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies. E.&O.E.
4
vancouverregion DETACHED -SEPTEMBER 202
SALES TO LISTINGSRATIO 13% BALANCEDMARKET
▶ MARKETSUMMARY Therewere6,803 detached listingsin theVancouver Region in Septem ber,2% below Augustand 26% higher than Septem ber2021. Septem berdetached hom esalesdecreased by 3% m onth-over-m onth,to 860,and were49% below Septem ber2021. Thesales-to-listing ratio fordetached in the Vancouver Region,at13% ,reflected abalanced m arket. Thedetached m edian pricein Septem berwas $1,522,500,a0.5% decreasefrom Augustand 0.9% below Septem ber2021. Theaveragesold pricewas$1,848,875,4% abovelast m onth and up 5% toSeptem ber2021.
AVERAGEPRICE
MEDIAN PRICE
TOTALLISTINGS
SALES
▲ 5% VS 2021
▼ 0.9% VS 2021
▲ 26% VS 2021
▼ 49% VS 2021
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No.
% Change
No.
% Change
TOTALLISTINGS TOTALSALES
13% 860 6,803
1,697 5,397
5% -0.9% -60% -49% 26%
13% 888 6,952
-1% -3% -2%
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE
$1,761,337 $1,537,000 31%
$1,780,933 $1,530,000
4% -0.5%
$1,848,875 $1,522,500
▶ RATIO OFMEDIAN PRICES
▶ RECENTTRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
7,585
7,193
7,369
6,803
6,952
1.84
1.80
1.79
5,481
6,295
5,397
4,587
4,181
4,694
1.44
1.39
1.36
3,318
2,314
3,120 1,489
1,879
1,794
1,697
1,086
888
1,750
1,570
1,283
860
1,147
876
$1.83M $1.80M $1.73M $1.85M $1.89M
$1.65M $1.60M $1.53M $1.52M
$1.60M $1.69M $1.69M
$1.54M
Sep-21
Aug-22
Sep-22
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21% +
BALANCED 12 - 20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY ● S-L RATIO
2000
1500
1000
29%
28%
26%
26%
500
19%
15%
9%
8%
4%
0
<$600K
$600-799K
$800-999K
$1.0M -1.24M $1.25M -1.49M $1.5M -1.99M
$2.0M -2.49M
$2.5M -2.99M
$3M+ 1,835 74 4%
S-L RATIO SALES INVENTORY
141 37 26%
76 20 26%
251 71 28%
430 124 29%
837 163 19%
1,557 232 15%
894 80 9%
782 59 8%
Copyright© October5,202 renniegroupofcom panies.Alrightsreserved.Thism aterialm aynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenperm is ionoftherenniegroupofcom panies.CurentasofOctober5,202 .Aldatafrom RealEstateBoard ofGreaterVancouverandFraserValey& Ren ie.W hiletheinform ationanddatacontainedhereinhasbe nobtainedfrom sourcesde m edreliable,ac uracycannotbeguarante d.ren iegroupofcom paniesdoesnotas um eresponsibiltyorliabiltyforanyinac uracies.The recipientoftheinform ationshouldtakestepsastherecipientm ayde m neces arytoverifytheinform ationpriortoplacinganyrelianceupontheinform ation.Theinform ationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbe obtainedfrom arennieandas ociatesadvisor.Alinform ationissubjecttochangeandanypropertym aybewithdrawnfrom them arketatanytim ewithoutnoticeorobligationtotherecipientfrom renniegroupofcom panies.E.&O.E.
●
5
vancouverregion TOWNHOME-SEPTEMBER 202
SALES TO LISTINGSRATIO 21% SELLERS'M ARKET
▶ MARKETSUMMARY Therewere2,180 townhom elistingsin theVancouver Region in Septem ber,1.2% below Augustand 67% higher than Septem ber2021. Septem bertownhom esalesdecreased by18% m onth-over-m onth,to 461,and were50% below Septem ber2021. Thesales-to-listing ratio fortow nhom esin theVancouver Region,at21% ,reflected aselers'm arket. Thetownhom em edian pricein Septem berwas $850,000,a0% changefrom Augustand 1.9% above Septem ber2021. Theaveragesold pricewas$906,802,0.1% below last m onth;theaveragePSF salepricewas$610,down 1.8% tolastm onth.
AVERAGEPRICE
AVERAGE PSF PRICE 0.0% VS 2021
MEDIAN PRICE
TOTALLISTINGS
SALES
▼ 1.4% VS 2021
▲ 1.9% VS 2021
▲ 67% VS 2021
▼ 50% VS 2021
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No.
% Change
No.
% Change
TOTALLISTINGS TOTALSALES
21% 461 2,180
71% 925 1,306
0% -1.5% 1.9% -70% -50% 67%
26% 565 2,206
-1.8% -0.1% 0% -17% -18% -1.2%
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF
$610 $906,802 $850,000
$622 $907,600 $850,000
$611 $920,571 $834,000
▶ AVG PRICEPERSQUAREFOOT
▶ RECENTTRENDS
● SEP 2021 ● SEP 202
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
2,443
2,433
2,372
2,180
2,206
2,002
1,677
1,227 1,251
1,306
1,076
941
782
925
771
766
1,001 973
912
895
565
801
461
587
574
474
$990K $1.02M $1.00M
$983K $925K
$915K $894K $850K $850K
$847K $880K $900K
$834K
VANCOUVERREGION REBGV
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21% +
BALANCED 12 - 20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-L RATIO
700
85
4+ bdrms
600
463
500
266
400
3 bdrms
1,193
300
34%
29%
102
200
2 bdrms
20% 20%
486
12%
11%
100
7% 8%
0
8
<$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
36 4 11%
110 32 29%
462 158 34%
710 142 20%
391 80 20%
230 27 12%
169 12 7%
8%
38
72 6
Copyright© October5,202 renniegroupofcom panies.Alrightsreserved.Thism aterialm aynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenperm is ionoftherenniegroupofcom panies.CurentasofOctober5,202 .Aldatafrom RealEstateBoardofGreater VancouverandFraserValey& Ren ie.W hiletheinform ationanddatacontainedhereinhasbe nobtainedfrom sourcesde m edreliable,ac uracycannotbeguarante d.renniegroupofcom paniesdoesnotas um eresponsibiltyorliabiltyforanyinac uracies.Therecipientoftheinform ationshould takestepsastherecipientm ayde m neces arytoverifytheinform ationpriortoplacinganyrelianceupontheinform ation.Theinform ationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfrom arennieandas ociatesadvisor.Al inform ationissubjecttochangeandanypropertym aybewithdrawnfrom them arketatanytim ewithoutnoticeorobligationtotherecipientfrom ren iegroupofcom panies.E.&O.E. 6 ●
vancouverregion CONDO -SEPTEMBER 202
SALES TO LISTINGSRATIO 21% SELLERS'M ARKET
▶ MARKETSUMMARY
AVERAGEPRICE
AVERAGE PSF PRICE ▲ 5% VS 2021
MEDIAN PRICE
TOTALLISTINGS
SALES
▲ 3% VS 2021
▲ 4% VS 2021
▲ 3% VS 2021
▼ 46% VS 2021
Therewere5,473 condolistingsin theVancouverRegion in Septem ber,5% aboveAugustand 3% higherthan Septem ber2021. Septem bercondosalesdecreased by10% m onth-over-m onth,to1,174,and were46% below Septem ber2021. Thesales-to-listing ratio forcondosin the Vancouver Region,at21% ,reflected aselers'm arket. Thecondom edian pricein Septem berwas$620,950,a 4% decreasefrom Augustand 4% aboveSeptem ber2021. Theaveragesold pricewas$695,092,5% below last m onth;theaveragePSF salepricewas$836,down 3% to lastm onth.
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No.
% Change
No.
% Change
TOTALLISTINGS TOTALSALES
1,174 5,473
2,192 5,302
-48% -46% 3%
1,311 5,204
-15% -10% 5%
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF
$836 $695,092 $620,950 21%
$795 $675,481 $598,000 41%
$862 $731,512 $645,000 25%
-3% -5% -4%
5% 3% 4%
▶ AVG PRICEPERSQUAREFOOT
▶ RECENTTRENDS
● SEP 2021 ● SEP 202
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
5,368
5,473
5,302
5,647
5,560
5,204
4,077
4,072
4,682
4,617
3,620
3,16
2,441
2,363
2,966
2,769
2,055
2,192
2,382
2,244
2,007
1,31
1,731
1,733
1,174
1,418
$671K $695K $685K $680K
$667K $650K $640K $645K $621K
$598K $608K $620K $628K
VANCOUVERREGION REBGV
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21% +
BALANCED 12 - 20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-L RATIO
1600
47 2
1400
4+ bdrms
1200
1000
59
3 bdrms
800
590
600
33% 32%
634
25%
400
2 bdrms
19%
3,158
13%
200
7% 7%
3%
0
479
<$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
279 93 33%
1,348 433 32%
1,510 370 25%
876 166 19%
410 54 13%
321 22 7%
323 23 7%
406 13 3%
1,678
Copyright© October5,202 renniegroupofcom panies.Alrightsreserved.Thism aterialm aynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenperm is ionoftherenniegroupofcom panies.CurentasofOctober5,202 .Aldatafrom RealEstateBoardofGreater VancouverandFraserValey& Ren ie.W hiletheinform ationanddatacontainedhereinhasbe nobtainedfrom sourcesde m edreliable,ac uracycannotbeguarante d.renniegroupofcom paniesdoesnotas um eresponsibiltyorliabiltyforanyinac uracies.Therecipientoftheinform ationshould takestepsastherecipientm ayde m neces arytoverifytheinform ationpriortoplacinganyrelianceupontheinform ation.Theinform ationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfrom arennieandas ociatesadvisor.Al inform ationissubjecttochangeandanypropertym aybewithdrawnfrom them arketatanytim ewithoutnoticeorobligationtotherecipientfrom ren iegroupofcom panies.E.&O.E. 7 ●
greatervancouverboard area DETACHED -SEPTEMBER 202
SALES TO LISTINGSRATIO 13% BALANCEDMARKET
▶ MARKETSUMMARY
AVERAGEPRICE
MEDIAN PRICE
TOTALLISTINGS
SALES
▲ 8% VS 2021
▲ 0.6% VS 2021
▲ 13% VS 2021
▼ 44% VS 2021
Therew ere 4,119 detached listingsin the G reater Vancouverboard areain Septem ber,0.8% below August and 13% higherthan Septem ber2021. Septem berdetached hom esalesincreased by 1.9% m onth-over-m onth,to 534,and were44% below Septem ber2021. Thesales-to-listing ratio fordetached in the G reater Vancouverboard area,at13% ,reflected abalanced market. Thedetached m edian pricein Septem berwas $1,680,000,a1.5% decreasefrom Augustand 0.6% above Septem ber2021. Theaveragesold pricewas$2,108,630,6% abovelast m onth and up 8% toSeptem ber2021.
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No.
% Change
No.
% Change
TOTALLISTINGS TOTALSALES
13% 534 4,119
26% 950 3,656
8% 0.6% -50% -44% 13%
13% 524 4,154
6% -1.5% 3% 1.9% -0.8%
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE
$1,995,272 $1,704,950
$2,108,630 $1,680,000
$1,947,670 $1,670,000
▶ RATIO OFMEDIAN PRICES
▶ RECENTTRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
4,463
4,236
4,19
4,338
4,154
1.81
3,656
1.78
3,254 3,714
1.73
2,875
2,799
3,180
1.51
1.45
1.39
2,264
2,21
1,297
1,092
985
1,006
950
957
792
795
534
656
621
531 524
$2.01M $2.00M $2.00M $1.90M
$1.85M $1.98M
$1.80M $1.75M $1.70M $1.68M
$1.76M $1.85M
$1.67M
Sep-21
Aug-22
Sep-22
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21% +
BALANCED 12 - 20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY ● S-L RATIO
1400
1200
1000
800
600
34%
31%
31%
29%
400
22%
20%
12%
200
8%
5%
0
<$600K
$600-799K
$800-999K
$1.0M -1.24M $1.25M -1.49M $1.5M -1.99M
$2.0M -2.49M
$2.5M -2.99M
$3M+ 1,443 66 5%
S-L RATIO SALES INVENTORY
53 18 34%
45 14 31%
107 31 29%
169 52 31%
370 80 22%
842 166 20%
554 65 12%
536 42 8%
Copyright© October5,202 renniegroupofcom panies.Alrightsreserved.Thism aterialm aynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenperm is ionoftherenniegroupofcom panies.CurentasofOctober5,202 .Aldatafrom RealEstateBoard ofGreaterVancouverandFraserValey& Ren ie.W hiletheinform ationanddatacontainedhereinhasbe nobtainedfrom sourcesde m edreliable,ac uracycannotbeguarante d.ren iegroupofcom paniesdoesnotas um eresponsibiltyorliabiltyforanyinac uracies.The recipientoftheinform ationshouldtakestepsastherecipientm ayde m neces arytoverifytheinform ationpriortoplacinganyrelianceupontheinform ation.Theinform ationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbe obtainedfrom arennieandas ociatesadvisor.Alinform ationissubjecttochangeandanypropertym aybewithdrawnfrom them arketatanytim ewithoutnoticeorobligationtotherecipientfrom renniegroupofcom panies.E.&O.E.
●
8
greatervancouverboard area TOWNHOME-SEPTEMBER 202
SALES TO LISTINGSRATIO 21% SELLERS'M ARKET
▶ MARKETSUMMARY Therewere1,065 townhom elistingsin theG reater Vancouverboard areain Septem ber,1.3% aboveAugust and 34% higherthan Septem ber2021. Septem bertownhom esalesdecreased by20% m onth-over-m onth,to 225,and were53% below Septem ber2021. Thesales-to-listing ratio fortow nhom esin theG reater Vancouverboard area,at21% ,reflected aselers'm arket. Thetownhom em edian pricein Septem berwas $936,000,a0.6% decreasefrom Augustand 3% below Septem ber2021. Theaveragesold pricewas$1,020,551,1.5% abovelast m onth;theaveragePSF salepricewas$726,down 0.7% tolastm onth.
AVERAGEPRICE
AVERAGE PSF PRICE ▲ 0.4% VS 2021
MEDIAN PRICE
TOTALLISTINGS
SALES
▼ 3% VS 2021
▼ 3% VS 2021
▲ 34% VS 2021
▼ 53% VS 2021
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No. 60% 477 792
% Change
No.
% Change
TOTALLISTINGS TOTALSALES
21% 225 1,065
0.4% -3% -3% -65% -53% 34%
27% 282 1,051
-0.7% 1.5% -0.6% -21% -20% 1.3%
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF
$726 $1,020,551 $936,000
$732 $1,005,567 $941,500
$724 $1,055,175 $960,000
▶ AVG PRICEPERSQUAREFOOT
▶ RECENTTRENDS
● SEP 2021 ● SEP 202
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
1,139
1,065
1,126
1,106
1,051
753 920
792
597
599
667
629
477
409
387
501
503
493
467
446
441
282
365
225
284
240
$1.10M $1.10M $1.15M $1.10M
$1.03M $1.01M
$990K $942K $936K
$960K $945K $995K $969K
REBGV
FVREB
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21% +
BALANCED 12 - 20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-L RATIO
250
30
4+ bdrms
192
200
136
150
3 bdrms
597
50%
100
30%
52
23% 25%
2 bdrms
50
244
12%
8%
7% 8%
0
7
<$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
13 1 8%
30 9 30%
111 56 50%
253 58 23%
240 61 25%
186 22 12%
161 12 7%
8%
32
71 6
Copyright© October5,202 renniegroupofcom panies.Alrightsreserved.Thism aterialm aynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenperm is ionoftherenniegroupofcom panies.CurentasofOctober5,202 .Aldatafrom RealEstateBoardofGreater VancouverandFraserValey& Ren ie.W hiletheinform ationanddatacontainedhereinhasbe nobtainedfrom sourcesde m edreliable,ac uracycannotbeguarante d.renniegroupofcom paniesdoesnotas um eresponsibiltyorliabiltyforanyinac uracies.Therecipientoftheinform ationshould takestepsastherecipientm ayde m neces arytoverifytheinform ationpriortoplacinganyrelianceupontheinform ation.Theinform ationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfrom arennieandas ociatesadvisor.Al inform ationissubjecttochangeandanypropertym aybewithdrawnfrom them arketatanytim ewithoutnoticeorobligationtotherecipientfrom ren iegroupofcom panies.E.&O.E. 9 ●
greatervancouverboard area CONDO -SEPTEMBER 202
SALES TO LISTINGSRATIO 21% SELLERS'M ARKET
▶ MARKETSUMMARY
AVERAGEPRICE
AVERAGE PSF PRICE ▲ 4% VS 2021
MEDIAN PRICE
TOTALLISTINGS
SALES
▲ 1.4% VS 2021
▲ 2% VS 2021
▼ 5% VS 2021
▼ 45% VS 2021
Therewere4,169 condolistingsin theG reater Vancouverboard areain Septem ber,5% aboveAugust and 5% lowerthan Septem ber2021. Septem bercondosalesdecreased by11% m onth-over-m onth,to 894,and were45% below Septem ber2021. Thesales-to-listing ratio forcondosin the G reater Vancouverboard area,at21% ,reflected aselers'm arket. Thecondom edian pricein Septem berwas$670,000,a 3% decreasefrom Augustand 2% aboveSeptem ber2021. Theaveragesold pricewas$748,259,5% below last m onth;theaveragePSF salepricewas$902,down 1.6% tolastm onth.
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No.
% Change
No.
% Change
TOTALLISTINGS TOTALSALES
21% 894 4,169
1,630 4,397
4% 1.4% 2% -42% -45% -5%
1,005 3,970
-1.6% -5% -3% -15% -11% 5%
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF
$870 $737,961 $655,000 37%
$917 $790,204 $690,000 25%
$902 $748,259 $670,000
▶ AVG PRICEPERSQUAREFOOT
▶ RECENTTRENDS
● SEP 2021 ● SEP 202
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
4,397
4,137
4,169
4,333 4,270
3,970
3,838 3,412
3,685
3,228
2,856
2,313
2,546
1,863
2,396
1,808 1,827
1,604
1,630
1,692
1,005
1,464
1,315
1,326
894
1,062
$725K $735K $740K $735K
$717K $698K $694K $690K $670K
$655K $655K $668K $680K
REBGV
FVREB
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21% +
BALANCED 12 - 20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-L RATIO
1200
45 1
4+ bdrms
1000
800
41
3 bdrms
600
511
42%
39%
400
28%
473
2 bdrms
19%
2,328
200
13%
7% 7%
3%
0
379
<$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
106 45 42%
673 263 39%
1,153 321 28%
817 158 19%
391 51 13%
311 21 7%
317 22 7%
401 13 3%
1,285
Copyright© October5,202 renniegroupofcom panies.Alrightsreserved.Thism aterialm aynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenperm is ionoftherenniegroupofcom panies.CurentasofOctober5,202 .Aldatafrom RealEstateBoardofGreater VancouverandFraserValey& Ren ie.W hiletheinform ationanddatacontainedhereinhasbe nobtainedfrom sourcesde m edreliable,ac uracycannotbeguarante d.renniegroupofcom paniesdoesnotas um eresponsibiltyorliabiltyforanyinac uracies.Therecipientoftheinform ationshould takestepsastherecipientm ayde m neces arytoverifytheinform ationpriortoplacinganyrelianceupontheinform ation.Theinform ationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfrom arennieandas ociatesadvisor.Al inform ationissubjecttochangeandanypropertym aybewithdrawnfrom them arketatanytim ewithoutnoticeorobligationtotherecipientfrom ren iegroupofcom panies.E.&O.E. 10 ●
fraservaley board area DETACHED -SEPTEMBER 202
SALES TO LISTINGSRATIO 12% BALANCEDMARKET
▶ MARKETSUMMARY Therew ere 2,684 detached listingsin the FraserValey board areain Septem ber,4% below Augustand 54% higherthan Septem ber2021. Septem berdetached hom esalesdecreased by 10% m onth-over-m onth,to 325,and were56% below Septem ber2021. Thesales-to-listing ratio fordetached in the FraserValey board area,at12% ,reflected abalanced m arket. Thedetached m edian pricein Septem berwas $1,320,000,a1.5% decreasefrom Augustand 7% below Septem ber2021. Theaveragesold pricewas$1,427,082,3% below last m onth and down 6% toSeptem ber2021.
AVERAGEPRICE
MEDIAN PRICE
TOTALLISTINGS
SALES
▼ 6% VS 2021
▼ 7% VS 2021
▲ 54% VS 2021
▼ 56% VS 2021
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No.
% Change
No.
% Change
TOTALLISTINGS TOTALSALES
12% 325 2,684
43% 744 1,741
-72% -56% 54%
13% 362 2,798
-3% -1.5% -6% -10% -4%
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE
$1,476,344 $1,340,000
$1,427,082 $1,320,000
$1,525,574 $1,412,500
-6% -7%
▶ RATIO OFMEDIAN PRICES
▶ RECENTTRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
3,122
2,957
3,031
2,684
2,798
1.85
2,227
2,581
1.70
1.69
1.62
1,788
1.56
1.53
1,741
1,306
1,514
1,014
909
806
777
1,054
744
426
739
362
694
608
522
325
484
344
$1.75M $1.78M $1.70M
$1.61M $1.53M $1.48M
$1.45M $1.56M $1.58M
$1.41M
$1.42M $1.34M $1.32M
Sep-21
Aug-22
Sep-22
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21% +
BALANCED 12 - 20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY ● S-L RATIO
700
600
500
400
300
28%
28%
200
20%
19%
18%
100
9%
7%
4%
2%
0
<$600K
$600-799K
$800-999K
$1.0M -1.24M $1.25M -1.49M $1.5M -1.99M
$2.0M -2.49M
$2.5M -2.99M
$3M+
S-L RATIO SALES INVENTORY
88 18 20%
31 6 19%
144 40 28%
261 72 28%
467 83 18%
715 66 9%
340 15 4%
246 17 7%
392 8 2%
Copyright© October5,202 renniegroupofcom panies.Alrightsreserved.Thism aterialm aynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenperm is ionoftherenniegroupofcom panies.CurentasofOctober5,202 .Aldatafrom RealEstateBoard ofGreaterVancouverandFraserValey& Ren ie.W hiletheinform ationanddatacontainedhereinhasbe nobtainedfrom sourcesde m edreliable,ac uracycannotbeguarante d.ren iegroupofcom paniesdoesnotas um eresponsibiltyorliabiltyforanyinac uracies.The recipientoftheinform ationshouldtakestepsastherecipientm ayde m neces arytoverifytheinform ationpriortoplacinganyrelianceupontheinform ation.Theinform ationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbe obtainedfrom arennieandas ociatesadvisor.Alinform ationissubjecttochangeandanypropertym aybewithdrawnfrom them arketatanytim ewithoutnoticeorobligationtotherecipientfrom renniegroupofcom panies.E.&O.E.
●
11
fraservaley board area TOWNHOME-SEPTEMBER 202
SALES TO LISTINGSRATIO 21% SELLERS'M ARKET
▶ MARKETSUMMARY Therewere1,115 townhom elistingsin theFraserValey board areain Septem ber,3% below Augustand 117% higherthan Septem ber2021. Septem bertownhom esalesdecreased by16% m onth-over-m onth,to 236,and were47% below Septem ber2021. Thesales-to-listing ratio fortow nhom esin theFraser Valey board area,at21% ,reflected aselers'm arket. Thetownhom em edian pricein Septem berwas $780,000,a1.3% decreasefrom Augustand 2.0% above Septem ber2021. Theaveragesold pricewas$798,356,1.1% below last m onth;theaveragePSF salepricewas$500,down 2% to lastm onth.
AVERAGEPRICE
AVERAGE PSF PRICE ▲ 1.9% VS 2021
MEDIAN PRICE
TOTALLISTINGS
SALES
▲ 3% VS 2021
▲ 2.0% VS 2021
▲ 117% VS 2021
▼ 47% VS 2021
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No. 87% 447 514
% Change
No.
% Change
TOTALLISTINGS TOTALSALES
21% 236 1,115
1.9% 3% 2% -76% -47% 117%
24% 281 1,155
-2% -1.1% -1.3% -13% -16% -3%
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF
$500 $798,356 $780,000
$512 $807,257 $790,000
$491 $777,517 $765,000
▶ AVG PRICEPERSQUAREFOOT
▶ RECENTTRENDS
● SEP 2021 ● SEP 202
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
1,246
1,327
1,304
1,15
1,155
924
1,082
628
622
508
438
514
416
362
320
447
445
281
409
391
376
360
236
290
234
200
$970K $949K $913K
$870K $930K
$870K $855K $843K
$790K $780K
$765K $786K $824K
FVREB
REBGV
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21% +
BALANCED 12 - 20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-L RATIO
500
55
4+ bdrms
400
271
300
130
3 bdrms
596
200
29% 29%
50
2 bdrms
100
18%
242
13%
13% 11%
0
6 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
23 3 13%
80 23 29%
351 102 29%
457 84 18%
151 19 13%
44 5 11%
8 0 n/a
1 0 n/a
Copyright© October5,202 renniegroupofcom panies.Alrightsreserved.Thism aterialm aynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenperm is ionoftherenniegroupofcom panies.CurentasofOctober5,202 .Aldatafrom RealEstateBoardofGreater VancouverandFraserValey& Ren ie.W hiletheinform ationanddatacontainedhereinhasbe nobtainedfrom sourcesde m edreliable,ac uracycannotbeguarante d.renniegroupofcom paniesdoesnotas um eresponsibiltyorliabiltyforanyinac uracies.Therecipientoftheinform ationshould takestepsastherecipientm ayde m neces arytoverifytheinform ationpriortoplacinganyrelianceupontheinform ation.Theinform ationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfrom arennieandas ociatesadvisor.Al inform ationissubjecttochangeandanypropertym aybewithdrawnfrom them arketatanytim ewithoutnoticeorobligationtotherecipientfrom ren iegroupofcom panies.E.&O.E. 12 ●
fraservaley board area CONDO -SEPTEMBER 202
SALES TO LISTINGSRATIO 21% SELLERS'M ARKET
▶ MARKETSUMMARY Therewere1,304 condolistingsin theFraserValey board areain Septem ber,6% aboveAugustand 44% higherthan Septem ber2021. Septem bercondo salesdecreased by 8% m onth-over-m onth,to 280,and were50% below Septem ber2021. Thesales-to-listing ratio forcondosin the FraserValey board area,at21% ,reflected aselers'm arket. Thecondom edian pricein Septem berwas$499,900,a 3% decreasefrom Augustand 6% aboveSeptem ber2021. Theaveragesold pricewas$525,338,3% below last m onth;theaveragePSF salepricewas$624,down 3% to lastm onth.
AVERAGEPRICE
AVERAGE PSF PRICE ▲ 8% VS 2021
MEDIAN PRICE
TOTALLISTINGS
SALES
▲ 6% VS 2021
▲ 6% VS 2021
▲ 44% VS 2021
▼ 50% VS 2021
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No. 62% 562 905
% Change
No.
% Change
TOTALLISTINGS TOTALSALES
21% 280 1,304
-65% -50% 44%
25% 304 1,234
-3% -3% -3% -13% -8% 6%
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF
$624 $525,338 $499,900
$642 $540,021 $514,950
$576 $494,268 $473,250
8% 6% 6%
▶ AVG PRICEPERSQUAREFOOT
▶ RECENTTRENDS
● SEP 2021 ● SEP 202
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
1,231
1,304
1,314
1,290
1,234
849
997
905
764
660
801
779
542
562
614
407
555
548
517
451
415
420
373
280
356
304
$572K $570K $567K $548K $540K
$529K $564K
$535K $515K $500K
$481K $510K
$473K
FVREB
REBGV
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21% +
BALANCED 12 - 20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-L RATIO
700
2 1
600
4+ bdrms
500
18
400
3 bdrms
79
300
28% 25%
200
161
2 bdrms
17%
830
14% 14% 16%
100
10%
0
100
<$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
173 48 28%
675 170 25%
357 49 14%
59 8 14%
19 3 16%
10 1 10%
6 1 17%
5 0 n/a
393
Copyright© October5,202 renniegroupofcom panies.Alrightsreserved.Thism aterialm aynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenperm is ionoftherenniegroupofcom panies.CurentasofOctober5,202 .Aldatafrom RealEstateBoardofGreater VancouverandFraserValey& Ren ie.W hiletheinform ationanddatacontainedhereinhasbe nobtainedfrom sourcesde m edreliable,ac uracycannotbeguarante d.renniegroupofcom paniesdoesnotas um eresponsibiltyorliabiltyforanyinac uracies.Therecipientoftheinform ationshould takestepsastherecipientm ayde m neces arytoverifytheinform ationpriortoplacinganyrelianceupontheinform ation.Theinform ationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfrom arennieandas ociatesadvisor.Al inform ationissubjecttochangeandanypropertym aybewithdrawnfrom them arketatanytim ewithoutnoticeorobligationtotherecipientfrom ren iegroupofcom panies.E.&O.E. 13 ●
burnabynorth DETACHED -SEPTEMBER 202
SALES TO LISTINGSRATIO 14% BALANCEDMARKET
▶ MARKETSUMMARY Therewere115 detachedlistingsin BurnabyN orth in Septem ber,6% aboveAugustand 15% higherthan Septem ber2021. Septem berdetached hom esalesdecreased by 36% m onth-over-m onth,to16,and were47% below Septem ber2021. Thesales-to-listing ratio fordetached in Burnaby N orth, at14% ,reflected abalanced m arket. Thedetached m edian pricein Septem berwas $1,705,000,a3% decreasefrom Augustand 1.5% above Septem ber2021. Theaveragesold pricewas$1,944,647,4% abovelast m onth and up 8% toSeptem ber2021.
AVERAGEPRICE
MEDIAN PRICE
TOTALLISTINGS
SALES
▲ 8% VS 2021
▲ 1.5% VS 2021
▲ 15% VS 2021
▼ 47% VS 2021
THISMONTH No. $1,944,647 $1,705,000 14% 16 115
PREVIOUSYEAR
PREVIOUSMONTH
No.
% Change
No.
% Change
TOTALLISTINGS TOTALSALES
$1,798,010 $1,679,000 30% 30 100
8% 1.5% -54% -47% 15%
$1,872,272 $1,750,000 23% 25 109
-39% -36% 6%
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE
4% -3%
▶ RATIO OFMEDIAN PRICES
▶ RECENTTRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
131
122
18
15
2.28
100
2.27
109
87
80
93
84
1.83
64
47
61
59 33
38
37
1.38
30
28
40
25
30
1.15
32
1.14
16
22
17
$2.30M
$2.17M $2.12M
$2.13M $2.20M $2.04M $2.08M
$1.93M $1.99M
$1.75M $1.71M
$1.68M $1.82M
Sep-21
Aug-22
Sep-22
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21% +
BALANCED 12 - 20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY ● S-L RATIO
35
100%
30
25
20
15
10
24%
14%
5
9%
0
<$600K
$600-799K
$800-999K
$1.0M -1.24M $1.25M -1.49M $1.5M -1.99M
$2.0M -2.49M
$2.5M -2.99M
$3M+
S-L RATIO SALES INVENTORY
2 2 100%
34 8 24%
32 3 9%
22 3 14%
25 0 n/a
Copyright© October5,202 renniegroupofcom panies.Alrightsreserved.Thism aterialm aynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenperm is ionoftherenniegroupofcom panies.CurentasofOctober5,202 .Aldatafrom RealEstateBoard ofGreaterVancouverandFraserValey& Ren ie.W hiletheinform ationanddatacontainedhereinhasbe nobtainedfrom sourcesde m edreliable,ac uracycannotbeguarante d.ren iegroupofcom paniesdoesnotas um eresponsibiltyorliabiltyforanyinac uracies.The recipientoftheinform ationshouldtakestepsastherecipientm ayde m neces arytoverifytheinform ationpriortoplacinganyrelianceupontheinform ation.Theinform ationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbe obtainedfrom arennieandas ociatesadvisor.Alinform ationissubjecttochangeandanypropertym aybewithdrawnfrom them arketatanytim ewithoutnoticeorobligationtotherecipientfrom renniegroupofcom panies.E.&O.E.
●
14
burnabynorth TOWNHOME-SEPTEMBER 202
SALES TO LISTINGSRATIO 31% SELLERS'M ARKET
▶ MARKETSUMMARY
AVERAGEPRICE
AVERAGE PSF PRICE ▼ 5% VS 2021
MEDIAN PRICE
TOTALLISTINGS
SALES
▼ 11% VS 2021
▼ 19% VS 2021
▲ 5% VS 2021
▼ 50% VS 2021
Therewere39 townhom elistingsin BurnabyN orth in Septem ber,8% aboveAugustand 5% higherthan Septem ber2021. Septem bertownhom esalesincreased by140% m onth-over-m onth,to12,and were50% below Septem ber2021. Thesales-to-listing ratio fortow nhom esin Burnaby N orth,at31% ,reflected aselers'm arket. Thetownhom em edian pricein Septem berwas $747,500,a3% decreasefrom Augustand 19% below Septem ber2021. Theaveragesold pricewas$804,000,8% below last m onth;theaveragePSF salepricewas$614,down 5% to lastm onth.
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No.
% Change
No.
% Change
TOTALLISTINGS TOTALSALES
12 39
24 37
-5% -11% -19% -53% -50% 5%
$647 $872,200 $770,000 14% 5 36
122% 140% 8%
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF
$614 $804,000 $747,500 31%
$648 $901,429 $918,500 65%
-5% -8% -3%
▶ AVG PRICEPERSQUAREFOOT
▶ RECENTTRENDS
● SEP 2021 ● SEP 202
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
39
35
37
38
33
33
36
29
26
25
24
23
23
18
17
15
18
18
17
12
16
12
12
1
8
5
$969K
$950K $989K $978K
$919K
$857K $883K $905K
$860K
$789K $750K
$770K $748K
BURNABYNORTH REBGV
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21% +
BALANCED 12 - 20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-L RATIO
12
10
4+ bdrms
6
8
8
3 bdrms
6
55%
22
50%
4
27% 29%
4
2 bdrms
2
11
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
2 1 50%
11 6 55%
11 3 27%
7 2 29%
6 0 n/a
2 0 n/a
Copyright© October5,202 renniegroupofcom panies.Alrightsreserved.Thism aterialm aynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenperm is ionoftherenniegroupofcom panies.CurentasofOctober5,202 .Aldatafrom RealEstateBoardofGreater VancouverandFraserValey& Ren ie.W hiletheinform ationanddatacontainedhereinhasbe nobtainedfrom sourcesde m edreliable,ac uracycannotbeguarante d.renniegroupofcom paniesdoesnotas um eresponsibiltyorliabiltyforanyinac uracies.Therecipientoftheinform ationshould takestepsastherecipientm ayde m neces arytoverifytheinform ationpriortoplacinganyrelianceupontheinform ation.Theinform ationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfrom arennieandas ociatesadvisor.Al inform ationissubjecttochangeandanypropertym aybewithdrawnfrom them arketatanytim ewithoutnoticeorobligationtotherecipientfrom ren iegroupofcom panies.E.&O.E. 15 ●
burnabynorth CONDO -SEPTEMBER 202
SALES TO LISTINGSRATIO 32% SELLERS'M ARKET
▶ MARKETSUMMARY Therewere257 condolistingsin BurnabyN orth in Septem ber,10% below Augustand 13% lowerthan Septem ber2021. Septem bercondo salesdecreased by 7% m onth-over-m onth,to82,and were35% below Septem ber2021. Thesales-to-listing ratio forcondosin Burnaby N orth,at 32% ,reflected aselers'm arket. Thecondom edian pricein Septem berwas$650,500,a 4% decreasefrom Augustand 2% below Septem ber2021. Theaveragesold pricewas$695,309,0.8% abovelast m onth;theaveragePSF salepricewas$823,down 1.5% tolastm onth.
AVERAGEPRICE
AVERAGE PSF PRICE ▼ 3% VS 2021
MEDIAN PRICE
TOTALLISTINGS
SALES
▲ 2% VS 2021
▼ 2% VS 2021
▼ 13% VS 2021
▼ 35% VS 2021
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No. 43% 127 297
% Change
No.
% Change
TOTALLISTINGS TOTALSALES
$823 $695,309 $650,500 32% 82 257
-25% -35% -13%
$835 $689,905 $676,000 31% 88 287
-1.5% 0.8% -4% 4% -7% -10%
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF
$844 $681,293 $665,000
-3% 2% -2%
▶ AVG PRICEPERSQUAREFOOT
▶ RECENTTRENDS
● SEP 2021 ● SEP 202
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
286
287
297
309
300
301
257
208
200
230
176
167
180
132
124
124
160
127
145
88
12
104
101
82
96
80
$778K $750K $729K
$693K $700K
$699K $650K $671K $676K $651K
$665K $650K $644K
BURNABYNORTH REBGV
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21% +
BALANCED 12 - 20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-L RATIO
100
100%+
4+ bdrms
80
90%
60
4
3 bdrms
30
40
35%
53
2 bdrms
19%
20
17%
164
10%
9%
0
25
<$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 3 300%
30 27 90%
91 32 35%
75 14 19%
33 3 9%
10 1 10%
12 2 17%
5 0 n/a
63
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