the rennie review | September 2023

burnabynorth TOWNHOME-AUGUST 2023

SALES TO LISTINGSRATIO 34% SELLERS'M ARKET

▶ MARKETSUMMARY Therewere32 townhom elistingsin BurnabyN orth in August,14% aboveJulyand 11% lowerthan August 2022. Augusttownhom esalesdecreased by21% m onth-over-m onth,to11,and were120% aboveAugust 2022. Thesales-to-listing ratio fortow nhom esin Burnaby N orth,at34% ,reflected aselers'm arket. Thetownhom em edian pricein Augustwas$810,000,a 11% decreasefrom Julyand 5% aboveAugust2022. Theaveragesold pricewas$887,545,4% below last m onth;theaveragePSF salepricewas$619,down 14% tolastm onth.

AVERAGEPRICE

AVERAGE PSF PRICE ▼ 4% VS 2022

MEDIAN PRICE

TOTALLISTINGS

SALES

▲ 1.8% VS 2022

▲ 5% VS 2022

▼ 11% VS 2022

▲ 120% VS 2022

THISMONTH No.

PREVIOUSMONTH

PREVIOUSYEAR

No.

% Change

No.

% Change

TOTALLISTINGS TOTALSALES

11 32

$647 $872,200 $770,000 14% 5 36

-4% 1.8% 5% 148% 120% -11%

14 28

-14% -4% -11% -31% -21% 14%

SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF

$619 $887,545 $810,000 34%

$721 $921,100 $914,950 50%

▶ AVG PRICEPERSQUAREFOOT

▶ RECENTTRENDS

● AUG 202 ● AUG 2023

● SALES ● TOTALINVENTORY ● MEDIAN PRICE

45

34 34

39

36

33

32

31

31

31

28

25 25 25

23

17

21

12

15

14

1

12

1

8

7

5

$915K

$880K $885K $900K

$875K $868K

$810K

$790K $830K

$770K $748K $775K

$748K

BURNABYNORTH REBGV

▶ NUMBEROFBEDROOMS

▶ TOTALLISTINGS&SALESBYPRICERANGE

SEL ERS'MARKET 21% +

BALANCED 12 - 20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY

● SALES ● TOTALINVENTORY ● S-L RATIO

10

3

100%

4+ bdrms

1

8

5

6

3 bdrms

18

50%

4

30%

3

25%

2 bdrms

17%

10

2

0

<2 bdrms

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

3

S-L RATIO SALES INVENTORY

2 2 100%

10 3 30%

8 2 25%

6 3 50%

6 1 17%

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