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 ●
Made with FlippingBook - professional solution for displaying marketing and sales documents online