burnabynorth CONDO -AUGUST 2023
SALES TO LISTINGSRATIO 29% SELLERS'M ARKET
▶ MARKETSUMMARY
AVERAGEPRICE
AVERAGE PSF PRICE ▲ 9% VS 2022
MEDIAN PRICE
TOTALLISTINGS
SALES
▲ 0.3% VS 2022
▼ 4% VS 2022
▲ 24% VS 2022
▲ 18% VS 2022
Therewere357 condolistingsin BurnabyN orth in August,5% aboveJulyand 24% higherthan August2022.
Augustcondosalesdecreased by5% m onth-over-m onth, to104,and were18% aboveAugust2022.
THISMONTH No.
PREVIOUSMONTH
PREVIOUSYEAR
No.
% Change
No. 32% 109 339
% Change
Thesales-to-listing ratio forcondosin Burnaby N orth,at 29% ,reflected aselers'm arket.
TOTALLISTINGS TOTALSALES
29% 104 357
$835 $689,905 $676,000 31% 88 287
9% 0.3% -4% -5% 18% 24%
1.6% -6% -5% -9% -5% 5%
Thecondom edian pricein Augustwas$652,000,a5% decreasefrom Julyand 4% below August2022. Theaveragesold pricewas$692,067,6% below last m onth;theaveragePSF salepricewas$911,up 1.6% to lastm onth.
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF
$911 $692,067 $652,000
$896 $738,553 $683,000
▶ AVG PRICEPERSQUAREFOOT
▶ RECENTTRENDS
● AUG 202 ● AUG 2023
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
339
357
301
268
287
264
299
253
270
257
251
245
218
120 121
12
92
82
104
16
88
109
50
58
52
44
$704K $667K $707K $661K $708K $680K
$696K $730K
$683K $652K
$676K
$651K $692K
BURNABYNORTH REBGV
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21% +
BALANCED 12 - 20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-L RATIO
120
4+ bdrms
100
80
4
3 bdrms
60
40
50%
45%
40
55
2 bdrms
213
14%
20
8% 6%
0
45
<$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 0 n/a
62 28 45%
115 57 50%
110 15 14%
36 3 8%
17 1 6%
10 0 n/a
6 0 n/a
104
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