the rennie review - October 2022

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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