burnabynorth DETACHED -AUGUST 2023
SALES TO LISTINGSRATIO 21% BALANCEDMARKET
▶ MARKETSUMMARY
AVERAGEPRICE
MEDIAN PRICE
TOTALLISTINGS
SALES
▲ 17% VS 2022
▲ 12% VS 2022
▼ 20% VS 2022
▼ 28% VS 2022
Therewere87 detachedlistingsin BurnabyN orth in August,3% below Julyand 20% lowerthan August2022. Augustdetached hom esalesdecreased by42% m onth-over-m onth,to18,and were28% below August 2022. Thesales-to-listing ratio fordetached in Burnaby N orth, at21% ,reflected abalanced m arket.
THISMONTH No.
PREVIOUSMONTH
PREVIOUSYEAR
No.
% Change
No.
% Change
TOTALLISTINGS TOTALSALES
18 87
$1,872,192 $1,750,000 23% 25 109
17% 12% -10% -28% -20%
31 90
10% 6% -40% -42% -3%
Thedetachedm edian pricein Augustwas$1,951,900,a 6% increasefrom Julyand 12% aboveAugust2022.
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE
$2,183,378 $1,951,900 21%
$1,988,729 $1,850,000 34%
Theaveragesold pricewas$2,183,378,10% abovelast m onth and up 17% toAugust2022.
▶ RATIO OFMEDIAN PRICES
▶ RECENTTRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
15
109
92
90
87
86 85
2.41
95
87
2.27
87
86
85
79
2.02
42
35
31
26
24
18
25
31
1.34
18
23
1.24
19
16
1.14
10
$2.09M $2.05M $2.05M
$2.04M $1.96M
$1.96M $1.93M $1.89M
$1.85M $1.95M
$1.79M
$1.75M $1.71M
22-Aug
23-Jul 23-Aug
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21% +
BALANCED 12 - 20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY ● S-L RATIO
30
25
20
15
41%
10
17%
16%
5
6%
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
22 9 41%
29 5 17%
17 1 6%
19 3 16%
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