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 ●
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