the rennie review DATA-DRIVEN INSIGHTS INTO SALES, LISTINGS, & PRICING TRENDS FOR 13 SUB-MARKETS IN THE VANCOUVER REGION
published March 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 45 48
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
New Westminster North Vancouver
Richmond Squamish
Surrey
Vancouver East
Vancouver Downtown
Vancouver West West Vancouver
50 AREA MAPS
53 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 March 7, 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 All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies.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
everything in the Vancouver Region’s resale market is increasing Sales, inventory, and prices in the Vancouver Region all increased in February. These increases are beyond what’s typical for the month, as activity in the local housing market picks up heading into spring.
board area, including houses that need significant investment to be considered habitable and those that are more suitable for redevelopment. With a large proportion of an already- limited pool of listings having been on the market for more than 2 months—leaving buyers to compete for what’s left—it should hardly surprise that prices continue to rise. On this front, benchmark prices in both the Greater Vancouver and Fraser Valley board areas were up by more than 4% in the last month alone (equivalent to a compound rate of 60% annually—a wholly unsustainable rate of change). The benchmark price of a detached home in the Greater Vancouver area (where 1 in 3 listings is more than 60 days old) is now more than $2 million, while townhomes are over $1 million. Based on recent trends and the fact that March is typically one of the busiest months of the year for both new listings and sales, we should operate under the assumption that Phil has seen his shadow and these patterns of increased activity will continue in the near-term.
The typical seasonal pattern of change in the Vancouver Region’s housing market in February is one of increasing activity. But even with buyers and sellers, much like Punxsutawney Phil, tending to emerge from their winter slumber around this time of year, February’s MLS activity was amplified beyond what’s typical. For starters, sales in February surpassed the 5,000 threshold for the first time since last November. And while the 5,199 sales last month were less than the torrid pace of February 2021 (by 19%), they were still 29% higher than the past 10-year average for February. In fact, sales were elevated for all home types compared with the long-run February average, led by condo sales that were 58% higher (notably, they were also just 2% below February 2021’s count). Meanwhile, the narrative around inventory in the Vancouver Region is similar to the
plot of the movie Groundhog Day, with February’s total listing count once again registering at a historically-low level. Specifically, the total number of homes for sale at the end of February, while up from January, was just 9,805—17% below last February’s count, 37% below the long-run average, and the lowest February level ever recorded in the Vancouver Region (going back to 1989). Despite this ongoing troubling trend, the most recent month- over-month expansion in inventory, at 33%, far exceeded the typical January-to-February increase of 7%. This is good news insofar as market balance is concerned. The additional importance of this second straight month of expanding inventory is underscored by the fact that 19% of all listings in the Vancouver Region have been on the market for more than 60 days. About half of these listings are specifically detached homes in the Greater Vancouver
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 March 7, 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
House
The Seastrand
House
$6,998,888 | COQUITLAM
$2,450,000 | WEST VAN 601 & 602 - 150 24th Street 2 Bed, 1,300 SF
$1,899,000 | NORTH VAN
1391 Kingston Street 3 Bed, 2,595 SF Sherry Zamrou PREC* 604.780.0309
825 E. 7th Street 5 Bed, 2,006 SF Derek Kai PREC* 604.868.1666
Jason Soprovich 604.817.8812
Shift
House
House
$1,829,900 | MAIN
$1,799,000 | SQUAMISH
$1,699,000 | SOUTH VAN
PH4 - 5089 Quebec Street 2 Bed, 1,330 SF Christopher Boyd PREC* 604.351.0533
1812 Willow Crescent 4 Bed, 2,910 SF
43 E. 61st Avenue 5 Bed, 2,298 SF Phil Chang PREC* 604.754.6678
Jeevan Gill 604.617.2159
Addition
House
Modello
$1,599,000 | DOWNTOWN
$1,599,000 | SURREY
$1,399,000 | BURNABY SOUTH 1006 - 4360 Beresford Street 3 Bed, 1,298 SF
1135 Hornby Street 3 Bed, 1,323 SF
15429 84 Avenue 3 Bed, 1,175 SF Anisha Walia 778.986.1621
Diana Kim 604.771.5656
Tony Liang PREC* 604.781.9988
Cedar Walk
Condo
Larch Avenue Estates $1,198,800 | MAPLE RIDGE
$1,358,880 | UNIVERSITY 1703 - 5410 Shortcut Road 2 Bed, 830 SF
$1,299,900 | SOUTH GRANVILLE
316 - 7128 Adera Street 2 Bed, 880 SF
23589 Larch Avenue 3 Bed, 2,570 SF Danny Chow PREC* 604.765.2469
Jane Chu PREC* 778.886.3303
Hanson Lu PREC* 604.787.2578
Polaris
567 Clarke & Como $978,000 | COQUITLAM
Fraser Commons $959,900 | SOUTH VAN 603 - 8188 Fraser Street 3 Bed, 992 SF Lorenzo Daminato PREC* 604.657.8121
$1,021,900 | BURNABY SOUTH 2507 - 6699 Dunblane Avenue 2 Bed, 774 SF
2604 - 567 Clarke Road 2 Bed, 951 SF
Amy Chan 604.992.2101
Eric Zamora PREC* 778.389.4556
Tandem $795,000 | BURNABY SOUTH 1108 - 4118 Dawson Street 2 Bed, 876 SF
Condo
The Maddox
$869,000 | PORT MOODY 112 - 100 Capilano Road 2 Bed, 1,060 SFF
$849,900 | DOWNTOWN 2501 - 1351 Continental Street 1 Bed, 581 SF
Julian Proctor 604.220.6924
Brandon Blue PREC* 604.999.7792
Disa Lim 604.880.8604
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 March 7, 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-FEBRUARY 202
SALESTO LISTINGSRATIO 39% SELLERS'MARKET
▶ MARKETSUMMARY Therewere4,585detachedlistingsintheVancouver RegioninFebruary,38%aboveJanuaryand1.8%higher thanFebruary2021. Februarydetachedhomesalesincreasedby53% month-over-month,to1,766,andwere27%below February2021. Thesales-to-listingratiofordetachedintheVancouver Region,at39%,reflectedaselers'market. ThedetachedmedianpriceinFebruarywas$1,886,400, a2.0%increasefromJanuaryand34%aboveFebruary 2021. Theaveragesoldpricewas$2,138,330,0.6%abovelast monthandup30%toFebruary2021.
AVERAGEPRICE
MEDIANPRICE
TOTALLISTINGS
SALES
▲ 30% VS2021
▲ 34% VS2021
▲ 1.8% VS2021
▼ 27% VS2021
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No.
%Change
No.
%Change
TOTALLISTINGS TOTALSALES
1,766 4,585
2,417 4,502
30% 34% -28% -27% 1.8%
1,154 3,318
0.6% 2% 11% 53% 38%
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE
$2,138,330 $1,886,400 39%
$2,124,971 $1,850,000 35%
$1,651,036 $1,407,523 54%
▶ RATIOOFMEDIANPRICES
▶ RECENTTRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTALINVENTORY ● MEDIANPRICE
7,567
7,107
7,331
5,965
1.95
5,397
6,236
1.87
1.84
5,531
4,585
4,181
4,694
4,502
3,503
1.50
1.51
2,749
3,318
1.35
3,120
3,039
1,879
1,795
2,417
2,227
1,766
1,899
1,790
1,697
1,492
1,154
$1.89M
$1.85M
$1.69M
$1.69M
$1.60M
$1.54M
$1.50M
$1.48M $1.41M
$1.48M
$1.46M
$1.45M
$1.45M
Feb-21
Jan-22
Feb-22
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELERS'MARKET 21%+
BALANCED 12-20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY ● S-LRATIO
1600
1400
1200
75%
1000
65%
800
53%
45%
40%
600
32%
31%
29%
400
15%
200
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+ 1,519 228 15%
S-LRATIO SALES INVENTORY
80 25 31%
20 15 75%
66 19 29%
137 62 45%
457 182 40%
1,090 705 65%
651 347 53%
565 183 32%
Copyright©March7,202reniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofMarch7,202.AldatafromRealEstateBoardof GreaterVancouverandFraserValey&Rennie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipient oftheinformationshouldtakestepsastherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtained fromarenieandasociatesadvisor.Alinformationissubjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromrenniegroupofcompanies.E.&O.E.
●
5
vancouverregion TOWNHOME-FEBRUARY 202
SALESTO LISTINGSRATIO 75% SELLERS'MARKET
▶ MARKETSUMMARY Therewere1,229townhomelistingsintheVancouver RegioninFebruary,60%aboveJanuaryand14%lower thanFebruary2021. Februarytownhomesalesincreasedby59% month-over-month,to917,andwere34%below February2021. Thesales-to-listingratiofortownhomesintheVancouver Region,at75%,reflectedaselers'market. ThetownhomemedianpriceinFebruarywas $1,025,000,a4%increasefromJanuaryand42%above February2021. Theaveragesoldpricewas$1,094,315,6%abovelast month;theaveragePSFsalepricewas$741,up6%to lastmonth.
AVERAGEPRICE
AVERAGE PSFPRICE ▲ 42% VS2021
MEDIANPRICE
TOTALLISTINGS
SALES
▲ 38% VS2021
▲ 42% VS2021
▼ 14% VS2021
▼ 34% VS2021
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No.
%Change
No. 75% 575 766
%Change
TOTALLISTINGS TOTALSALES
75% 917 1,229
1,390 1,430
42% 38% 42% -23% -34% -14%
59% 60%
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF
$524 $793,454 $720,000 97%
6% 6% 4% -0.6%
$741 $1,094,315 $1,025,000
$696 $1,034,647 $990,000
▶ AVGPRICEPERSQUAREFOOT
▶ RECENTTRENDS
● FEB 2021 ● FEB 202
● SALES ● TOTALINVENTORY ● MEDIANPRICE
1,960
1,969
1,670
1,674
1,663
1,910
1,591
1,400
1,430
1,306
1,229
1,193
1,390
1,377
1,076
973
942
917
782
1,013
766
1,002
987
925
587
575
$1.02M
$990K
$900K
$880K
$845K
$834K
$790K
$780K
$781K
$785K
$781K
$775K
$720K
VANCOUVERREGION REBGV
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELERS'MARKET 21%+
BALANCED 12-20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-LRATIO
169
100%+
400
4+bdrms
274
86%
83%
300
67%
499
62%
62%
3bdrms
650
200
42%
41%
235
100
2bdrms
286
0
<$400K $400-599K $600-799K $800-999K $1.0M-1.24M $1.25M-1.49M $1.5M-1.99M $2M+
19 14
S-LRATIO SALES INVENTORY
12 10 83%
42 26 62%
215 88 41%
450 303 67%
191 270 141%
148 127 86%
106 66 62%
65 27 42%
<2bdrms
Copyright©March7,202reniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofMarch7,202.AldatafromRealEstateBoardofGreaterVancouver andFraserValey&Rennie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.reniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipientoftheinformationshouldtakesteps astherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfromarennieandasociatesadvisor.Alinformationis subjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromreniegroupofcompanies.E.&O.E. 6 ●
vancouverregion CONDO-FEBRUARY 202
SALESTO LISTINGSRATIO 66% SELLERS'MARKET
▶ MARKETSUMMARY Therewere3,620condolistingsintheVancouverRegion inFebruary,22%aboveJanuaryand33%lowerthan February2021. Februarycondosalesincreasedby38% month-over-month,to2,385,andwere2%below February2021. Thesales-to-listingratioforcondosintheVancouver Region,at66%,reflectedaselers'market. ThecondomedianpriceinFebruarywas$695,000,a3% increasefromJanuaryand26%aboveFebruary2021. Theaveragesoldpricewas$795,297,6%abovelast month;theaveragePSFsalepricewas$915,up5%to lastmonth.
AVERAGEPRICE
AVERAGE PSFPRICE ▲ 23% VS2021
MEDIANPRICE
TOTALLISTINGS
SALES
▲ 27% VS2021
▲ 26% VS2021
▼ 33% VS2021
▼ 2% VS2021
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No.
%Change
No.
%Change
TOTALLISTINGS TOTALSALES
2,385 3,620
2,435 5,402
23% 27% 26% 46% -2% -33%
1,734 2,966
13% 38% 22%
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF
$915 $795,297 $695,000 66%
$746 $625,591 $550,000 45%
$875 $751,147 $671,650 58%
5% 6% 3%
▶ AVGPRICEPERSQUAREFOOT
▶ RECENTTRENDS
● FEB 2021 ● FEB 202
● SALES ● TOTALINVENTORY ● MEDIANPRICE
5,628
5,302
5,830 6,051 6,001
5,402
5,355
5,103
4,072
4,617
3,507
3,620
2,829
2,441
2,363
2,980
2,230
2,966
2,769
2,385
2,435
2,401
2,234
2,192
2,007
1,734
$695K
$672K
$628K
$620K
$608K
$598K
$585K
$588K
$590K
$583K
$574K
$575K
$550K
VANCOUVERREGION REBGV
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELERS'MARKET 21%+
BALANCED 12-20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-LRATIO
1000
39 4
100%+
800
4+bdrms
76%
600
71%
157
3bdrms
56%
440
400
46%
31%
1,319
200
21% 18%
2bdrms
2,009
0
<$400K $400-599K $600-799K $800-999K $1.0M-1.24M $1.25M-1.49M $1.5M-1.99M $2M+
905
S-LRATIO SALES INVENTORY
177 82 46%
887 627 71%
885 909 103%
518 395 76%
331 185 56%
249 77 31%
262 55 21%
311 55 18%
<2bdrms
1,132
Copyright©March7,202reniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofMarch7,202.AldatafromRealEstateBoardofGreaterVancouver andFraserValey&Rennie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.reniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipientoftheinformationshouldtakesteps astherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfromarennieandasociatesadvisor.Alinformationis subjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromreniegroupofcompanies.E.&O.E. 7 ●
greatervancouverboardarea DETACHED-FEBRUARY 202
SALESTO LISTINGSRATIO 36% SELLERS'MARKET
▶ MARKETSUMMARY Therewere2,797detachedlistingsintheGreater VancouverboardareainFebruary,24%aboveJanuary and4%lowerthanFebruary2021. Februarydetachedhomesalesincreasedby62% month-over-month,to1,013,andwere17%below February2021. Thesales-to-listingratiofordetachedintheGreater Vancouverboardarea,at36%,reflectedaselers'market. ThedetachedmedianpriceinFebruarywas$2,015,000, a1.2%increasefromJanuaryand26%aboveFebruary 2021. Theaveragesoldpricewas$2,287,132,0.9%belowlast monthandup23%toFebruary2021.
AVERAGEPRICE
MEDIANPRICE
TOTALLISTINGS
SALES
▲ 23% VS2021
▲ 26% VS2021
▼ 4% VS2021
▼ 17% VS2021
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No.
%Change
No.
%Change
TOTALLISTINGS TOTALSALES
1,013 2,797
1,222 2,905
23% 26% -14% -17% -4%
28% 626 2,264
31% 62% 24%
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE
$2,287,132 $2,015,000 36%
$1,858,252 $1,600,000 42%
$2,308,713 $1,990,400
-0.9% 1.2%
▶ RATIOOFMEDIANPRICES
▶ RECENTTRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTALINVENTORY ● MEDIANPRICE
4,523
4,739
4,387
3,661
3,656
1.82
4,051
1.81
1.79
3,688
2,875
3,180
1.55
2,797
1.54
2,905
1.49
1,960
1,652
2,21 2,264
1,264
1,092
985
1,422
1,013
1,222
1,044
936
950
793
626
$2.02M
$1.99M
$1.85M
$1.85M
$1.76M
$1.70M
$1.65M $1.60M
$1.65M
$1.67M
$1.63M
$1.63M
$1.61M
Feb-21
Jan-22
Feb-22
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELERS'MARKET 21%+
BALANCED 12-20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY ● S-LRATIO
1200
1000
77%
800
66%
59%
55%
52%
600
40%
400
31%
30%
15%
200
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+ 1,196 174 15%
S-LRATIO SALES INVENTORY
30 9 30%
17 10 59%
35 14 40%
43 33 77%
156 81 52%
526 347 66%
399 221 55%
395 124 31%
Copyright©March7,202reniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofMarch7,202.AldatafromRealEstateBoardof GreaterVancouverandFraserValey&Rennie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipient oftheinformationshouldtakestepsastherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtained fromarenieandasociatesadvisor.Alinformationissubjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromrenniegroupofcompanies.E.&O.E.
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8
greatervancouverboardarea TOWNHOME-FEBRUARY 202
SALESTO LISTINGSRATIO 78% SELLERS'MARKET
▶ MARKETSUMMARY Therewere602townhomelistingsintheGreater VancouverboardareainFebruary,35%aboveJanuary and33%lowerthanFebruary2021. Februarytownhomesalesincreasedby65% month-over-month,to468,andwere22%below February2021. Thesales-to-listingratiofortownhomesintheGreater Vancouverboardarea,at78%,reflectedaselers'market. ThetownhomemedianpriceinFebruarywas $1,101,000,a0.1%increasefromJanuaryand24%above February2021. Theaveragesoldpricewas$1,195,629,5%abovelast month;theaveragePSFsalepricewas$841,up6%to lastmonth.
AVERAGEPRICE
AVERAGE PSFPRICE ▲ 30% VS2021
MEDIANPRICE
TOTALLISTINGS
SALES
▲ 26% VS2021
▲ 24% VS2021
▼ 33% VS2021
▼ 22% VS2021
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No. 67% 601 899
%Change
No. 64% 284 446
%Change
TOTALLISTINGS TOTALSALES
78% 468 602
30% 26% 24% 16% -22% -33%
6% 5% 0.1% 22% 65% 35%
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF
$841 $1,195,629 $1,101,000
$790 $1,143,021 $1,099,900
$645 $952,040 $890,000
▶ AVGPRICEPERSQUAREFOOT
▶ RECENTTRENDS
● FEB 2021 ● FEB 202
● SALES ● TOTALINVENTORY ● MEDIANPRICE
1,029
1,123 1,123
1,088
882
830
899
964
792
825
623
468 602
597
692
667
500
601
387
508
502
493
477
446
365
284
$1.10M
$1.10M
$995K
$969K
$960K
$945K
$900K
$905K
$900K
$890K
$893K
$899K
$899K
REBGV
FVREB
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELERS'MARKET 21%+
BALANCED 12-20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-LRATIO
140
64
100%
100%+
4+bdrms
97
120
83%
80%
100
69%
274
60%
59%
3bdrms
80
323
42%
60
119
40
2bdrms
165
20
0
11
<$400K $400-599K $600-799K $800-999K $1.0M-1.24M $1.25M-1.49M $1.5M-1.99M $2M+
<2bdrms
S-LRATIO SALES INVENTORY
4 4 100%
15 12 80%
68 40 59%
145 121 83%
94 127 135%
111 77 69%
100 60 60%
65 27 42%
17
Copyright©March7,202reniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofMarch7,202.AldatafromRealEstateBoardofGreaterVancouver andFraserValey&Rennie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.reniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipientoftheinformationshouldtakesteps astherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfromarennieandasociatesadvisor.Alinformationis subjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromreniegroupofcompanies.E.&O.E. 9 ●
greatervancouverboardarea CONDO-FEBRUARY 202
SALESTO LISTINGSRATIO 65% SELLERS'MARKET
▶ MARKETSUMMARY
AVERAGEPRICE
AVERAGE PSFPRICE ▲ 16% VS2021
MEDIANPRICE
TOTALLISTINGS
SALES
▲ 22% VS2021
▲ 19% VS2021
▼ 32% VS2021
▲ 6% VS2021
Therewere2,856condolistingsintheGreater VancouverboardareainFebruary,12%aboveJanuary and32%lowerthanFebruary2021. Februarycondosalesincreasedby42% month-over-month,to1,865,andwere6%above February2021. Thesales-to-listingratioforcondosintheGreater Vancouverboardarea,at65%,reflectedaselers'market. ThecondomedianpriceinFebruarywas$735,000,a 1.4%increasefromJanuaryand19%aboveFebruary 2021. Theaveragesoldpricewas$846,676,5%abovelast month;theaveragePSFsalepricewas$967,up3%to lastmonth.
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No.
%Change
No.
%Change
TOTALLISTINGS TOTALSALES
1,865 2,856
1,766 4,210
16% 22% 19% 56% 6% -32%
1,317 2,546
3% 5% 1.4% 26% 42% 12%
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF
$967 $846,676 $735,000 65%
$835 $693,974 $618,500 42%
$936 $806,557 $725,000 52%
▶ AVGPRICEPERSQUAREFOOT
▶ RECENTTRENDS
● FEB 2021 ● FEB 202
● SALES ● TOTALINVENTORY ● MEDIANPRICE
4,486
4,397
4,714 4,780
4,210
4,465
4,165
4,166
3,412
3,838
2,689
2,856
2,048
2,546
1,827
1,808
2,396
2,283
1,865
1,785
1,766
1,678
1,632 1,630
1,464
1,317
$735K
$725K
$680K
$668K
$655K
$655K
$650K
$645K
$637K
$638K
$635K
$635K
$619K
REBGV
FVREB
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELERS'MARKET 21%+
BALANCED 12-20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-LRATIO
800
700
3
100%+
4+bdrms
36
600
77%
73%
500
129
59%
3bdrms
400
398
46%
300
32%
1,019
200
2bdrms
19% 17%
1,527
100
0
714
<$400K $400-599K $600-799K $800-999K $1.0M-1.24M $1.25M-1.49M $1.5M-1.99M $2M+
<2bdrms
S-LRATIO SALES INVENTORY
93 43 46%
479 369 77%
681 735 108%
499 363 73%
304 178 59%
237 75 32%
255 49 19%
308 53 17%
895
Copyright©March7,202reniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofMarch7,202.AldatafromRealEstateBoardofGreaterVancouver andFraserValey&Rennie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.reniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipientoftheinformationshouldtakesteps astherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfromarennieandasociatesadvisor.Alinformationis subjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromreniegroupofcompanies.E.&O.E. 10 ●
fraservaleyboardarea DETACHED-FEBRUARY 202
SALESTO LISTINGSRATIO 42% SELLERS'MARKET
▶ MARKETSUMMARY Therewere1,788detachedlistingsintheFraserValey boardareainFebruary,70%aboveJanuaryand12% higherthanFebruary2021. Februarydetachedhomesalesincreasedby43% month-over-month,to748,andwere37%below February2021. Thesales-to-listingratiofordetachedintheFraserValey boardarea,at42%,reflectedaselers'market. ThedetachedmedianpriceinFebruarywas$1,778,500, a1.6%increasefromJanuaryand38%aboveFebruary 2021. Theaveragesoldpricewas$1,926,943,0.7%abovelast monthandup36%toFebruary2021.
AVERAGEPRICE
MEDIANPRICE
TOTALLISTINGS
SALES
▲ 36% VS2021
▲ 38% VS2021
▲ 12% VS2021
▼ 37% VS2021
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No.
%Change
No.
%Change
TOTALLISTINGS TOTALSALES
42% 748 1,788
1,184 1,597
36% 38% -44% -37% 12%
50% 524 1,054
0.7% 1.6% -16% 43% 70%
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE
$1,421,060 $1,284,500 74%
$1,913,887 $1,750,000
$1,926,943 $1,778,500
▶ RATIOOFMEDIANPRICES
▶ RECENTTRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTALINVENTORY ● MEDIANPRICE
2,944
2,584
2,828
2,304
1.95
1.88
1.83
2,185
1,788
1,741
1.70
1.65
1,530
1,843
1,321
1.53
1,306
1,597 1,184
1,514
1,382
909
841
807
1,054
959
748
850
777
744
696
524
$1.78M
$1.75M
$1.58M
$1.56M
$1.45M
$1.41M
$1.36M
$1.33M $1.28M
$1.34M
$1.33M
$1.31M
$1.29M
Feb-21
Jan-22
Feb-22
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELERS'MARKET 21%+
BALANCED 12-20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY ● S-LRATIO
600
100%+
500
400
63%
300
49%
35%
200
34%
32%
31%
16%
16%
100
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-LRATIO SALES INVENTORY
50 16 32%
3 4 133%
31 5 16%
94 29 31%
301 101 34%
564 358 63%
252 124 49%
170 59 35%
323 52 16%
Copyright©March7,202reniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofMarch7,202.AldatafromRealEstateBoardof GreaterVancouverandFraserValey&Rennie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipient oftheinformationshouldtakestepsastherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtained fromarenieandasociatesadvisor.Alinformationissubjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromrenniegroupofcompanies.E.&O.E.
●
11
fraservaleyboardarea TOWNHOME-FEBRUARY 202
SALESTO LISTINGSRATIO 72% SELLERS'MARKET
▶ MARKETSUMMARY Therewere627townhomelistingsintheFraserValey boardareainFebruary,96%aboveJanuaryand18% higherthanFebruary2021. Februarytownhomesalesincreasedby54% month-over-month,to449,andwere43%below February2021. Thesales-to-listingratiofortownhomesintheFraser Valeyboardarea,at72%,reflectedaselers'market. ThetownhomemedianpriceinFebruarywas$970,000,a 4%increasefromJanuaryand47%aboveFebruary2021. Theaveragesoldpricewas$988,714,6%abovelast month;theaveragePSFsalepricewas$638,up5%to lastmonth.
AVERAGEPRICE
AVERAGE PSFPRICE ▲ 48% VS2021
MEDIANPRICE
TOTALLISTINGS
SALES
▲ 47% VS2021
▲ 47% VS2021
▲ 18% VS2021
▼ 43% VS2021
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No. 786 531
%Change
No. 91% 291 320
%Change
TOTALLISTINGS TOTALSALES
72% 449 627
48% 47% 47% -52% -43% 18%
5% 6% 4% -21% 54% 96%
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF
$431 $671,839 $659,900 148%
$638 $988,714 $970,000
$605 $928,880 $930,000
▶ AVGPRICEPERSQUAREFOOT
▶ RECENTTRENDS
● FEB 2021 ● FEB 202
● SALES ● TOTALINVENTORY ● MEDIANPRICE
787
775
872
846
786
710
759
627
706
552
641
514
509
567
449
438
531
416
512
479
447
320
409
376
291
200
$970K
$930K
$870K
$824K
$786K
$765K
$735K
$728K
$725K
$729K
$720K
$705K
$660K
FVREB
REBGV
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELERS'MARKET 21%+
BALANCED 12-20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-LRATIO
300
105
100%+ 100%+ 100%
4+bdrms
177
250
75%
200
225
60%
3bdrms
52%
327
150
33%
100
121 116
2bdrms
50
0
2 3
<$400K $400-599K $600-799K $800-999K $1.0M-1.24M $1.25M-1.49M $1.5M-1.99M $2M+
<2bdrms
S-LRATIO SALES INVENTORY
8 6 75%
27 14 52%
147 48 33%
305 182 60%
97 143 147%
37 50 135%
6 6 100%
Copyright©March7,202reniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofMarch7,202.AldatafromRealEstateBoardofGreaterVancouver andFraserValey&Rennie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.reniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipientoftheinformationshouldtakesteps astherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfromarennieandasociatesadvisor.Alinformationis subjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromreniegroupofcompanies.E.&O.E. 12 ●
fraservaleyboardarea CONDO-FEBRUARY 202
SALESTO LISTINGSRATIO 68% SELLERS'MARKET
▶ MARKETSUMMARY Therewere764condolistingsintheFraserValeyboard areainFebruary,82%aboveJanuaryand36%lowerthan February2021. Februarycondosalesincreasedby25% month-over-month,to518,andwere22%below February2021. Thesales-to-listingratioforcondosintheFraserValey boardarea,at68%,reflectedaselers'market. ThecondomedianpriceinFebruarywas$571,250,a 1.2%increasefromJanuaryand33%aboveFebruary 2021. Theaveragesoldpricewas$608,945,6%abovelast month;theaveragePSFsalepricewas$728,up7%to lastmonth.
AVERAGEPRICE
AVERAGE PSFPRICE ▲ 43% VS2021
MEDIANPRICE
TOTALLISTINGS
SALES
▲ 37% VS2021
▲ 33% VS2021
▼ 36% VS2021
▼ 22% VS2021
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No.
%Change
No. 99% 416 420
%Change
TOTALLISTINGS TOTALSALES
68% 518 764
56% 666 1,192
43% 37% 33% 21% -22% -36%
1.2% -32% 25% 82%
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF
$728 $608,945 $571,250
$683 $575,866 $564,643
$509 $444,792 $430,000
7% 6%
▶ AVGPRICEPERSQUAREFOOT
▶ RECENTTRENDS
● FEB 2021 ● FEB 202
● SALES ● TOTALINVENTORY ● MEDIANPRICE
1,344
1,271
1,163
1,287
1,192
1,190
905
806
778
937 598
764
660
779
666
542
689
614
614
518
562 555
555
416
373 420
$571K
$565K
$529K
$510K
$481K
$473K
$465K
$450K
$450K
$450K
$446K
$438K
$430K
FVREB
REBGV
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELERS'MARKET 21%+
BALANCED 12-20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-LRATIO
400
3 1
100%+
4+bdrms
85%
300
71%
67%
28
63%
3bdrms
42
200
46%
298
26%
100
2bdrms
17%
482
0
191
<$400K $400-599K $600-799K $800-999K $1.0M-1.24M $1.25M-1.49M $1.5M-1.99M $2M+
<2bdrms
S-LRATIO SALES INVENTORY
84 39 46%
408 257 63%
204 174 85%
19 32 168%
27 7 26%
12 2 17%
7 5 71%
3 2 67%
237
Copyright©March7,202reniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofMarch7,202.AldatafromRealEstateBoardofGreaterVancouver andFraserValey&Rennie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.reniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipientoftheinformationshouldtakesteps astherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfromarennieandasociatesadvisor.Alinformationis subjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromreniegroupofcompanies.E.&O.E. 13 ●
burnabynorth DETACHED-FEBRUARY 202
SALESTO LISTINGSRATIO 73% SELLERS'MARKET
▶ MARKETSUMMARY Therewere64detachedlistingsinBurnabyNorthin February,5%aboveJanuaryand4%lowerthanFebruary 2021. Februarydetachedhomesalesincreasedby176% month-over-month,to47,andwere38%aboveFebruary 2021. Thesales-to-listingratiofordetachedinBurnabyNorth, at73%,reflectedaselers'market. ThedetachedmedianpriceinFebruarywas$2,120,000, a2%decreasefromJanuaryand18%aboveFebruary 2021. Theaveragesoldpricewas$2,193,384,10%belowlast monthandup18%toFebruary2021.
AVERAGEPRICE
MEDIANPRICE
TOTALLISTINGS
SALES
▲ 18% VS2021
▲ 18% VS2021
▼ 4% VS2021
▲ 38% VS2021
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No.
%Change
No.
%Change
TOTALLISTINGS TOTALSALES
47 64
34 67
18% 18% 45% 38% -4%
17 61
-10% -2% 164% 176% 5%
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE
$2,193,384 $2,120,000 73%
$2,448,647 $2,168,000 28%
$1,862,295 $1,804,000 51%
▶ RATIOOFMEDIANPRICES
▶ RECENTTRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTALINVENTORY ● MEDIANPRICE
154
161
157
2.46
17
2.34
121
100
2.21
105
80
76
66
84
59
47 64
53
67
45
61
38
33
48
1.37
34
32
30
1.26
27
1.17
17
$2.17M
$2.12M
$1.99M
$1.93M
$1.92M
$1.80M $1.80M
$1.81M
$1.82M
$1.80M
$1.78M
$1.70M
$1.68M
Feb-21
Jan-22
Feb-22
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELERS'MARKET 21%+
BALANCED 12-20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY ● S-LRATIO
100%
100%+
100%
15
10
40%
31%
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+
S-LRATIO SALES INVENTORY
1 1 100%
15 18 120%
17 17 100%
15 6 40%
16 5 31%
Copyright©March7,202reniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofMarch7,202.AldatafromRealEstateBoardof GreaterVancouverandFraserValey&Rennie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipient oftheinformationshouldtakestepsastherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtained fromarenieandasociatesadvisor.Alinformationissubjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromrenniegroupofcompanies.E.&O.E.
●
14
burnabynorth TOWNHOME-FEBRUARY 202
SALESTO LISTINGSRATIO 68% SELLERS'MARKET
▶ MARKETSUMMARY Therewere25townhomelistingsinBurnabyNorthin February,39%aboveJanuaryand55%lowerthan February2021. Februarytownhomesalesincreasedby55% month-over-month,to17,andwere6%belowFebruary 2021. Thesales-to-listingratiofortownhomesinBurnaby North,at68%,reflectedaselers'market. ThetownhomemedianpriceinFebruarywas$905,000,a 2%increasefromJanuaryand11%aboveFebruary2021. Theaveragesoldpricewas$959,518,11%abovelast month;theaveragePSFsalepricewas$724,down6%to lastmonth.
AVERAGEPRICE
AVERAGE PSFPRICE ▲ 20% VS2021
MEDIANPRICE
TOTALLISTINGS
SALES
▲ 14% VS2021
▲ 11% VS2021
▼ 55% VS2021
▼ 6% VS2021
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No.
%Change
No.
%Change
TOTALLISTINGS TOTALSALES
17 25
18 55
20% 14% 11% 108% -6% -55%
11 18
-6% 11% 2% 11% 55% 39%
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF
$724 $959,518 $905,000 68%
$601 $841,872 $818,000 33%
$770 $864,736 $883,000 61%
▶ AVGPRICEPERSQUAREFOOT
▶ RECENTTRENDS
● FEB 2021 ● FEB 202
● SALES ● TOTALINVENTORY ● MEDIANPRICE
64
56
54
54
55
57
52
51
38 37
34
33
40
26
33
25
18
18
25
24
23
17
18
18
12
1
$919K
$905K
$896K
$883K
$857K
$847K
$818K
$800K
$789K
$775K
$768K
$750K
$750K
BURNABYNORTH REBGV
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELERS'MARKET 21%+
BALANCED 12-20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-LRATIO
7
1
100%+
4+bdrms
6
2
5
71%
11
4
57%
3bdrms
13
50%
3
5
2
2bdrms
10
1
0
<$400K $400-599K $600-799K $800-999K $1.0M-1.24M $1.25M-1.49M $1.5M-1.99M $2M+
<2bdrms
S-LRATIO SALES INVENTORY
3 0 n/a
7 5 71%
7 4 57%
3 7 233%
2 1 50%
3 0 n/a
Copyright©March7,202reniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofMarch7,202.AldatafromRealEstateBoardofGreaterVancouver andFraserValey&Rennie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.reniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipientoftheinformationshouldtakesteps astherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfromarennieandasociatesadvisor.Alinformationis subjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromreniegroupofcompanies.E.&O.E. 15 ●
burnabynorth CONDO-FEBRUARY 202
SALESTO LISTINGSRATIO 91% SELLERS'MARKET
▶ MARKETSUMMARY
AVERAGEPRICE
AVERAGE PSFPRICE ▲ 27% VS2021
MEDIANPRICE
TOTALLISTINGS
SALES
▲ 28% VS2021
▲ 30% VS2021
▼ 44% VS2021
▲ 25% VS2021
Therewere176condolistingsinBurnabyNorthin February,5%aboveJanuaryand44%lowerthanFebruary 2021. Februarycondosalesincreasedby55% month-over-month,to161,andwere25%above February2021. Thesales-to-listingratioforcondosinBurnabyNorth,at 91%,reflectedaselers'market. ThecondomedianpriceinFebruarywas$775,900,a 11%increasefromJanuaryand30%aboveFebruary 2021. Theaveragesoldpricewas$800,313,9%abovelast month;theaveragePSFsalepricewas$956,up10%to lastmonth.
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No. 41% 129 312
%Change
No. 62% 104 167
%Change
TOTALLISTINGS TOTALSALES
91% 161 176
27% 28% 30% 121% 25% -44%
10% 9% 11% 47% 55% 5%
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF
$956 $800,313 $775,900
$867 $734,977 $699,500
$754 $623,323 $598,000
▶ AVGPRICEPERSQUAREFOOT
▶ RECENTTRENDS
● FEB 2021 ● FEB 202
● SALES ● TOTALINVENTORY ● MEDIANPRICE
297
312
284
304
302
290
275
273 200
208
230
182
167
176
132
127
124
161
145
143
129
17
13 13
104
101
$776K
$700K
$693K
$665K
$655K
$650K
$650K
$644K
$617K
$613K
$612K
$615K
$598K
BURNABYNORTH REBGV
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELERS'MARKET 21%+
BALANCED 12-20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-LRATIO
60
100%+ 100%+ 100%+
4+bdrms
50
40
8
63%
3bdrms
30
15
50%
20
31%
107
2bdrms
116
10
0
45 46
<$400K $400-599K $600-799K $800-999K $1.0M-1.24M $1.25M-1.49M $1.5M-1.99M $2M+
<2bdrms
S-LRATIO SALES INVENTORY
2 0 n/a
46 29 63%
54 58 107%
34 46 135%
21 22 105%
13 4 31%
4 2 50%
2 0 n/a
Copyright©March7,202reniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofMarch7,202.AldatafromRealEstateBoardofGreaterVancouver andFraserValey&Rennie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.reniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipientoftheinformationshouldtakesteps astherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfromarennieandasociatesadvisor.Alinformationis subjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromreniegroupofcompanies.E.&O.E. 16 ●
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