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.
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