the rennie review DATA-DRIVEN INSIGHTS INTO SALES, LISTINGS, & PRICING TRENDS FOR 13 SUB-MARKETS IN THE VANCOUVER REGION
published November 2021
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 47
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 West West Vancouver
52 CURRENT PROJECTS
Copyright © 2021 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 November 8, 2021. 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 All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies.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
Vancouver’s housing inventory: less than meets the eye A record low count of inventory in October and strong sellers’ market conditions among homes priced under $2 million means that would-be buyers are, arguably, more challenged today than ever before.
Additionally, the irksome reality is that the 10,700 listings are also somewhat of a mirage in that the average buyer isn’t really able to choose among all of these listings. For example, if we segment the market based on prices, we see that 32% of October’s inventory was priced at $2 million or more, meaning that there are only roughly 7,300 listings priced under $2 million. It goes without saying that $2 million is not a realistic price point for most households (as only 11% of homes sold in October were $2 million or more), so we could also set the bar at, say, $1.5 million: in this case, only 5,900 (55%) of the 10,700 available homes in the Vancouver Region were priced below this threshold. There are still few signs that this trend of declining—or, at least, suppressed—inventory will reverse course in the near future, given the ongoing economic and labour market recovery and rising incomes. As such, it is more critical than ever that would-be buyers in this market are working with trusted advisors (realtors) to help them navigate what is a very complex supply landscape.
Please accept our apologies if it feels like we’re once again going back to the well here, but one would really have to go out of their way to ignore the persistence of housing supply scarcity in the Vancouver Region. Continuing the trend established months ago, the region’s inventory of homes available for purchase in October fell to 10,700—a large number, to be sure, if it represented how many hours we’d have to wait to experience sunshine once again in Vancouver, but a relatively small one when considering the historical context for housing supply in this market. On this point, the 10,700 listings at the end of last month represented a 41% decline from October 2020, while also sitting close to 50% below the past 10-year average for October (meaning, for every 2 listings
that have historically been available at this time of year, there currently is only 1). Furthermore, while we do typically see a dip in inventory between September and October—of 4%—total listings fell by 13% this year into October. And in tracking the data to the almost-midpoint of November, listings have fallen further, to 10,400. Oy. What frames this constriction in supply even more dramatically is that October’s inventory was the lowest on record for any October in the Vancouver Region’s history. We say this based on examining data back to 1989 (the earliest date for which inventory data are available), a time when the region had 1.3 million fewer people, and approximately 500,000 fewer homes. So when we measure inventory on a per capita, or per-dwelling, basis, the current situation appears even more dire for buyers.
Copyright © 2021 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 November 8, 2021. 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
Grosvenor Ambleside $6,998,000 | WEST VAN 306 - 1355 Bellevue Avenue 2 Bed + Den, 2,984 SF
House
$19,800,000 | OAKRIDGE 1250 West 54th Avenue 6 Bed + Office, 8,550 SF
$4,498,000 | WEST VAN
2324 Queens Avenue 4 Bed + Flex, 4,019 SF Eric Langhjelm PREC* 778.688.4149
Sabrina Gao 604.782.2609
Jenna Van Alstine 778.558.3355
Duplex
House
Townhome
$2,688,000 | KITSILANO
$2,289,000 | SQUAMISH
$2,148,900 | CAMBIE 202 - 778 W. 27th Avenue 3 Bed, 1,232 SF Christopher Boyd PREC* 604.351.0533
2158 W. 15th Avenue 3 Bed, 2,248 SF Karim Kamrani 604.789.6461
41230 Rockridge Place 6 Bed, 4,038 SF
Jeevan Gill 604.617.2159
Hunter At Lynn Creek $1,499,900 | NORTH VAN
The Pacific
House
$1,489,900 | DOWNTOWN
$1,599,000 | SQUAMISH
TH14 - 1401 Hunter Street 3 Bed, 1,158 SF
503 - 889 Pacific Street 2 Bed, 935 SF Deanna Lythgo PREC* 778.840.3170
38641 Cherry Drive 3 Bed, 2,019 SF
Sarah Reimer 778.968.5247
Shawn Wentworth PREC* 604.379.6731
Townhome
15 West
House
$1,298,000 | NORTH VAN 1407 - 150 W. 15th Street 2 Bed, 1,050 SF
$1,139,000 | YALETOWN
$1,099,000 | COQUITLAM
1145 Hornby Street 2 Bed + Den, 1,035 SF
2556 Raven Court 4 Bed + Den, 2316 SF Eric Zamora PREC* 778.389.4556
Calvin Jiang 604.961.1698
Danny Chow PREC* 604.765.2469
Sea & Sky
The Compass
The Carnegie $849,900 | KITSILANO 301 - 1818 West 6th Avenue 2 Bed + Office, 852 SF
$1,048,800 | SQUAMISH
$949,900 | FALSE CREEK
1360 Marinaside Place 4 Bed, 1,464 SF Irene De Guzman 604.720.1996
710 - 123 W. 1st Avenue 2 Bed, 820 SF
Jane Chu PREC* 778.886.3303
Jordan Wong 778.378.6888
King George Hub $735,000 | SURREY 3003 - 13615 Fraser Highway 2 Bed, 837 SF Samson Danniels 778.989.2454
Park Plaza $499,000 | YALETOWN 501 - 1188 Richards Street Studio, 422 SF Gwendalen Chan 778.388.0913
Polaris Metrotown $738,000 | BURNABY SOUTH 406 - 6699 Dunblane Avenue 1 Bed, 624 SF
Calvin Kan PREC* 604.616.8373
Copyright © 2021 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 November 8, 2021. 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-OCTOBER 2021
SALESTO LISTINGSRATIO 40% SELLERS'MARKET
▶ MARKETSUMMARY Therewere4,693detachedlistingsintheVancouver RegioninOctober,13%belowSeptemberand33%lower thanOctober2020. Octoberdetachedhomesalesincreasedby11% month-over-month,to1,882,andwere22%below October2020. Thesales-to-listingratiofordetachedintheVancouver Region,at40%,reflectedaselers'market. ThedetachedmedianpriceinOctoberwas$1,600,000,a 4%increasefromSeptemberand28%aboveOctober 2020. Theaveragesoldpricewas$1,863,731,6%abovelast monthandup26%toOctober2020.
AVERAGEPRICE
MEDIANPRICE
TOTALLISTINGS
SALES
▲ 26% VS2020
▲ 28% VS2020
▼ 33% VS2020
▼ 22% VS2020
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No.
%Change
No.
%Change
TOTALLISTINGS TOTALSALES
1,882 4,693
2,420 7,015
26% 28% 16% -22% -33%
1,698 5,397
27% 11% -13%
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE
$1,863,731 $1,600,000 40%
$1,761,640 $1,537,500 31%
$1,474,972 $1,250,000 34%
6% 4%
▶ RATIOOFMEDIANPRICES
▶ RECENTTRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTALINVENTORY ● MEDIANPRICE
7,569
7,107
7,015
7,333
5,980
5,968
1.88
1.85
5,397
6,236
1.83
5,531
4,693
4,502
3,503
4,379
4,282
1.40
1.40
2,750
1.27
3,039
1,998
2,420
2,418
1,882
2,227
2,16
1,899
1,791
1,698
1,489
$1.60M
$1.54M
$1.50M
$1.48M $1.41M
$1.48M
$1.46M
$1.45M
$1.45M
$1.35M
$1.30M
$1.27M
$1.25M
Oct-20
Sep-21
Oct-21
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELERS'MARKET 21%+
BALANCED 12-20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY ● S-LRATIO
100%+
92%
1500
74%
74%
66%
1000
42%
41%
500
21%
9%
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+ 1,727 156 9%
S-LRATIO SALES INVENTORY
95 40 42%
46 34 74%
104 77 74%
187 213 114%
435 401 92%
874 579 66%
616 253 41%
609 129 21%
Copyright©November8,2021renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofNovember8,2021.AldatafromRealEstate BoardofGreaterVancouverandFraserValey&Rennie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycanotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.The recipientoftheinformationshouldtakestepsastherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbe obtainedfromarennieandasociatesadvisor.Alinformationissubjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromrenniegroupofcompanies.E.&O.E.
●
5
vancouverregion TOWNHOME-OCTOBER 2021
SALESTO LISTINGSRATIO 90% SELLERS'MARKET
▶ MARKETSUMMARY Therewere1,126townhomelistingsintheVancouver RegioninOctober,17%belowSeptemberand57%lower thanOctober2020. Octobertownhomesalesincreasedby7% month-over-month,to1,011,andwere22%below October2020. Thesales-to-listingratiofortownhomesintheVancouver Region,at90%,reflectedaselers'market. ThetownhomemedianpriceinOctoberwas$849,900,a 1.3%increasefromSeptemberand26%aboveOctober 2020. Theaveragesoldpricewas$915,923,1.7%belowlast month;theaveragePSFsalepricewas$615,down0.3% tolastmonth.
AVERAGEPRICE
AVERAGE PSFPRICE ▲ 23% VS2020
MEDIANPRICE
TOTALLISTINGS
SALES
▲ 21% VS2020
▲ 26% VS2020
▼ 56% VS2020
▼ 22% VS2020
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No.
%Change
No.
%Change
TOTALLISTINGS TOTALSALES
1,011 1,126
1,291 2,619
23% 21% 26% 82% -22% -57%
69% 943 1,357
-0.3% -1.7% 1.3% 29% 7% -17%
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF
$615 $915,923 $849,900 90%
$501 $755,816 $675,000 49%
$617 $931,563 $839,000
▶ AVGPRICEPERSQUAREFOOT
▶ RECENTTRENDS
● OCT 2020 ● OCT 2021
● SALES ● TOTALINVENTORY ● MEDIANPRICE
2,619
2,262
2,039
2,026
1,980
1,747
1,727
1,643
1,608
1,487
1,441
1,414
1,357
1,682
1,588 1,013
1,291
1,405
1,021
1,126
1,204
1,071
1,01
998
943
836
$850K
$839K
$788K
$790K
$780K
$785K
$776K
$782K
$720K
$688K
$675K
$665K
$671K
VANCOUVERREGION REBGV
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELERS'MARKET 21%+
BALANCED 12-20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-LRATIO
350
192 189
100%
100%+ 100%+
300
4+bdrms
84%
250
75%
545
200
3bdrms
55%
608
150
28% 25%
100
267
2bdrms
301
50
0
10
<$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
17 17 100%
83 62 75%
262 340 130%
298 338 113%
161 136 84%
127 70 55%
110 31 28%
68 17 25%
25
Copyright©November8,2021renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofNovember8,2021.AldatafromRealEstateBoardofGreater VancouverandFraserValey&Renie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipientoftheinformationshould takestepsastherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfromarennieandasociatesadvisor.Al informationissubjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromreniegroupofcompanies.E.&O.E. 6 ●
vancouverregion CONDO-OCTOBER 2021
SALESTO LISTINGSRATIO 51% SELLERS'MARKET
▶ MARKETSUMMARY Therewere4,615condolistingsintheVancouverRegion inOctober,13%belowSeptemberand42%lowerthan October2020. Octobercondosalesincreasedby8%month-over-month, to2,363,andwere14%aboveOctober2020.
AVERAGEPRICE
AVERAGE PSFPRICE ▲ 12% VS2020
MEDIANPRICE
TOTALLISTINGS
SALES
▲ 11% VS2020
▲ 14% VS2020
▼ 42% VS2020
▲ 14% VS2020
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No.
%Change
No.
%Change
Thesales-to-listingratioforcondosintheVancouver Region,at51%,reflectedaselers'market.
TOTALLISTINGS TOTALSALES
2,363 4,615
2,066 8,024
12% 11% 14% 99% 14% -42%
2,193 5,302
-0.7% 2% 1.7% 24% 8% -13%
ThecondomedianpriceinOctoberwas$608,000,a1.7% increasefromSeptemberand14%aboveOctober2020. Theaveragesoldpricewas$688,888,2.0%abovelast month;theaveragePSFsalepricewas$789,down0.7% tolastmonth.
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF
$789 $688,888 $608,000 51%
$702 $618,359 $532,000 26%
$794 $675,454 $598,000 41%
▶ AVGPRICEPERSQUAREFOOT
▶ RECENTTRENDS
● OCT 2020 ● OCT 2021
● SALES ● TOTALINVENTORY ● MEDIANPRICE
8,024
7,335
6,001 6,051
5,830
5,628
5,595
5,302
5,697
5,402
3,507 5,355
4,615
5,103
2,829
2,980
1,936
2,363
2,066
2,435
2,402
2,234 2,230
2,193
1,797
1,560
$608K
$598K
$585K
$588K
$590K
$583K
$574K
$575K
$550K
$542K
$532K
$532K
$530K
VANCOUVERREGION REBGV
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELERS'MARKET 21%+
BALANCED 12-20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-LRATIO
1200
34 3
4+bdrms
1000
78% 77%
800
145
62%
3bdrms
546
600
36% 39%
400
1,377
2bdrms
16%
2,677
200
12%
8%
0
838
<$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
285 223 78%
1,200 922 77%
1,135 705 62%
774 278 36%
339 131 39%
269 43 16%
286 34 12%
327 27 8%
1,358
Copyright©November8,2021renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofNovember8,2021.AldatafromRealEstateBoardofGreater VancouverandFraserValey&Renie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipientoftheinformationshould takestepsastherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfromarennieandasociatesadvisor.Al informationissubjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromreniegroupofcompanies.E.&O.E. 7 ●
greatervancouverboardarea DETACHED-OCTOBER 2021
SALESTO LISTINGSRATIO 34% SELLERS'MARKET
▶ MARKETSUMMARY
AVERAGEPRICE
MEDIANPRICE
TOTALLISTINGS
SALES
▲ 20% VS2020
▲ 22% VS2020
▼ 25% VS2020
▼ 19% VS2020
Therewere3,181detachedlistingsintheGreater VancouverboardareainOctober,13%belowSeptember and25%lowerthanOctober2020. Octoberdetachedhomesalesincreasedby15% month-over-month,to1,094,andwere19%below October2020. Thesales-to-listingratiofordetachedintheGreater Vancouverboardarea,at34%,reflectedaselers'market. ThedetachedmedianpriceinOctoberwas$1,757,500,a 5%increasefromSeptemberand22%aboveOctober 2020. Theaveragesoldpricewas$2,069,042,6%abovelast monthandup20%toOctober2020.
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No.
%Change
No.
%Change
TOTALLISTINGS TOTALSALES
1,094 3,181
1,343 4,237
20% 22% 9% -19% -25%
26% 951 3,656
32% 15% -13%
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE
$2,069,042 $1,757,500 34%
$1,717,501 $1,435,000 32%
$1,948,016 $1,670,000
6% 5%
▶ RATIOOFMEDIANPRICES
▶ RECENTTRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTALINVENTORY ● MEDIANPRICE
4,523
4,741
4,389
4,237
3,742
3,664
3,656
1.85
4,051
1.76
3,688
1.72
3,181
2,905
2,864
1.48
2,762
1.45
1,960
1.39
1,652
1,264
1,343
1,020
1,422
1,094
1,223
1,063
1,044
937
951
739
$1.76M
$1.70M
$1.67M
$1.65M
$1.65M
$1.63M
$1.63M
$1.61M
$1.60M
$1.50M
$1.52M
$1.48M
$1.44M
Oct-20
Sep-21
Oct-21
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELERS'MARKET 21%+
BALANCED 12-20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY ● S-LRATIO
1400
100%+
1200
91%
78%
1000
67%
800
59%
55%
600
41%
400
21%
200
10%
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+ 1,374 131 10%
S-LRATIO SALES INVENTORY
29 16 55%
27 21 78%
61 36 59%
67 78 116%
198 180 91%
530 357 67%
433 176 41%
462 99 21%
Copyright©November8,2021renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofNovember8,2021.AldatafromRealEstate BoardofGreaterVancouverandFraserValey&Rennie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycanotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.The recipientoftheinformationshouldtakestepsastherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbe obtainedfromarennieandasociatesadvisor.Alinformationissubjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromrenniegroupofcompanies.E.&O.E.
●
8
greatervancouverboardarea TOWNHOME-OCTOBER 2021
SALESTO LISTINGSRATIO 70% SELLERS'MARKET
▶ MARKETSUMMARY
AVERAGEPRICE
AVERAGE PSFPRICE ▲ 21% VS2020
MEDIANPRICE
TOTALLISTINGS
SALES
▲ 18% VS2020
▲ 17% VS2020
▼ 50% VS2020
▼ 26% VS2020
Therewere717townhomelistingsintheGreater VancouverboardareainOctober,15%belowSeptember and50%lowerthanOctober2020. Octobertownhomesalesincreasedby1.6% month-over-month,to502,andwere26%belowOctober 2020. Thesales-to-listingratiofortownhomesintheGreater Vancouverboardarea,at70%,reflectedaselers'market. ThetownhomemedianpriceinOctoberwas$949,900,a 2%decreasefromSeptemberand17%aboveOctober 2020. Theaveragesoldpricewas$1,040,224,3%belowlast month;theaveragePSFsalepricewas$732,up0.1%to lastmonth.
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No.
%Change
No. 59% 494 843
%Change
TOTALLISTINGS TOTALSALES
70% 502 717
47% 678 1,440
21% 18% 17% 49% -26% -50%
0.1% -3% -2% 19% 1.6% -15%
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF
$732 $1,040,224 $949,900
$732 $1,072,365 $970,000
$607 $879,497 $815,000
▶ AVGPRICEPERSQUAREFOOT
▶ RECENTTRENDS
● OCT 2020 ● OCT 2021
● SALES ● TOTALINVENTORY ● MEDIANPRICE
1,440
1,260
1,193
1,193
1,154
1,086
956
901
1,037
847
843
956
929
889
634
717
678
706
506
616
502
536
519 507
494
372
$970K
$950K
$910K
$900K
$901K
$900K
$909K
$900K
$900K
$815K
$816K
$790K
$791K
REBGV
FVREB
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELERS'MARKET 21%+
BALANCED 12-20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-LRATIO
61
100%+
150
94%
4+bdrms
94
83%
100
302
60% 59%
3bdrms
391
50%
50
28% 25%
132
2bdrms
212
0
7
<$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
5 3 60%
32 19 59%
104 121 116%
160 150 94%
123 102 83%
119 60 50%
106 30 28%
68 17 25%
20
Copyright©November8,2021renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofNovember8,2021.AldatafromRealEstateBoardofGreater VancouverandFraserValey&Renie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipientoftheinformationshould takestepsastherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfromarennieandasociatesadvisor.Al informationissubjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromreniegroupofcompanies.E.&O.E. 9 ●
greatervancouverboardarea CONDO-OCTOBER 2021
SALESTO LISTINGSRATIO 47% SELLERS'MARKET
▶ MARKETSUMMARY
AVERAGEPRICE
AVERAGE PSFPRICE ▲ 10% VS2020
MEDIANPRICE
TOTALLISTINGS
SALES
▲ 9% VS2020
▲ 11% VS2020
▼ 39% VS2020
▲ 15% VS2020
Therewere3,836condolistingsintheGreater VancouverboardareainOctober,13%belowSeptember and39%lowerthanOctober2020. Octobercondosalesincreasedby11% month-over-month,to1,808,andwere15%above October2020. Thesales-to-listingratioforcondosintheGreater Vancouverboardarea,at47%,reflectedaselers'market. ThecondomedianpriceinOctoberwas$655,000,a0% changefromSeptemberand11%aboveOctober2020. Theaveragesoldpricewas$746,758,1.2%abovelast month;theaveragePSFsalepricewas$851,down2%to lastmonth.
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No.
%Change
No.
%Change
TOTALLISTINGS TOTALSALES
1,808 3,836
1,571 6,275
10% 9% 11% 88% 15% -39%
1,631 4,397
-2% 1.2% 0% 27% 11% -13%
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF
$851 $746,758 $655,000 47%
$775 $682,410 $588,000 25%
$870 $737,886 $655,000 37%
▶ AVGPRICEPERSQUAREFOOT
▶ RECENTTRENDS
● OCT 2020 ● OCT 2021
● SALES ● TOTALINVENTORY ● MEDIANPRICE
6,275
5,736
4,780
4,714
4,486
4,397
4,465
4,441
4,288
4,210
3,836
2,689 4,165
4,166
2,048
1,476
2,283
1,808
1,571
1,766
1,786
1,678
1,632 1,631
1,367
1,189
$655K
$655K
$650K
$645K
$637K
$638K
$635K
$635K
$619K
$598K
$588K
$590K
$587K
REBGV
FVREB
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELERS'MARKET 21%+
BALANCED 12-20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-LRATIO
1000
33 3
4+bdrms
800
75%
69%
64%
107
600
3bdrms
473
400
36% 39%
1,046
2bdrms
200
16%
2,202
12%
8%
0
652
<$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
131 90 69%
797 596 75%
981 626 64%
743 270 36%
321 126 39%
261 41 16%
280 33 12%
322 26 8%
1,128
Copyright©November8,2021renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofNovember8,2021.AldatafromRealEstateBoardofGreater VancouverandFraserValey&Renie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipientoftheinformationshould takestepsastherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfromarennieandasociatesadvisor.Al informationissubjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromreniegroupofcompanies.E.&O.E. 10 ●
fraservaleyboardarea DETACHED-OCTOBER 2021
SALESTO LISTINGSRATIO 51% SELLERS'MARKET
▶ MARKETSUMMARY Therewere1,512detachedlistingsintheFraserValey boardareainOctober,13%belowSeptemberand46% lowerthanOctober2020. Octoberdetachedhomesalesincreasedby5% month-over-month,to778,andwere27%belowOctober 2020. Thesales-to-listingratiofordetachedintheFraserValey boardarea,at51%,reflectedaselers'market. ThedetachedmedianpriceinOctoberwas$1,453,050,a 3%increasefromSeptemberand37%aboveOctober 2020. Theaveragesoldpricewas$1,580,719,4%abovelast monthandup35%toOctober2020.
AVERAGEPRICE
MEDIANPRICE
TOTALLISTINGS
SALES
▲ 35% VS2020
▲ 37% VS2020
▼ 46% VS2020
▼ 27% VS2020
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No.
%Change
No.
%Change
TOTALLISTINGS TOTALSALES
51% 778 1,512
1,071 2,778
35% 37% 33% -27% -46%
43% 744 1,741
4% 3% 20% 5% -13%
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE
$1,174,171 $1,060,000 39%
$1,525,574 $1,412,500
$1,580,719 $1,453,050
▶ RATIOOFMEDIANPRICES
▶ RECENTTRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTALINVENTORY ● MEDIANPRICE
2,778
2,944
2,584
2,828
2,304
2,238
1.85
1.85
1.76
2,185
1,741
1.63
1.62
1,597
1,530
1,515
1,843
1.54
1,512
1,322
1,184
1,520
1,048
1,382
968
1,071
841
959
778
850
743
744
$1.45M
$1.41M
$1.36M
$1.33M $1.28M
$1.34M
$1.33M
$1.31M
$1.29M
$1.22M
$1.15M
$1.10M
$1.06M
Oct-20
Sep-21
Oct-21
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELERS'MARKET 21%+
BALANCED 12-20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY ● S-LRATIO
350
100%+
93%
300
88%
250
65%
63%
200
150
42%
33%
100
20%
50
7%
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
66 22 33%
19 12 63%
43 38 88%
120 135 113%
237 220 93%
344 222 65%
183 76 42%
147 29 20%
353 24 7%
Copyright©November8,2021renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofNovember8,2021.AldatafromRealEstate BoardofGreaterVancouverandFraserValey&Rennie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycanotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.The recipientoftheinformationshouldtakestepsastherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbe obtainedfromarennieandasociatesadvisor.Alinformationissubjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromrenniegroupofcompanies.E.&O.E.
●
11
fraservaleyboardarea TOWNHOME-OCTOBER 2021
SALESTO LISTINGSRATIO 124% SELLERS'MARKET
▶ MARKETSUMMARY Therewere409townhomelistingsintheFraserValey boardareainOctober,20%belowSeptemberand65% lowerthanOctober2020. Octobertownhomesalesincreasedby14% month-over-month,to509,andwere17%belowOctober 2020. Thesales-to-listingratiofortownhomesintheFraser Valeyboardarea,at124%,reflectedaselers'market. ThetownhomemedianpriceinOctoberwas$786,000,a 3%increasefromSeptemberand30%aboveOctober 2020. Theaveragesoldpricewas$793,331,2%abovelast month;theaveragePSFsalepricewas$499,up1.7%to lastmonth.
AVERAGEPRICE
AVERAGE PSFPRICE ▲ 30% VS2020
MEDIANPRICE
TOTALLISTINGS
SALES
▲ 28% VS2020
▲ 30% VS2020
▼ 65% VS2020
▼ 17% VS2020
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No.
%Change
No. 87% 448 514
%Change
TOTALLISTINGS TOTALSALES
509 409
52% 612 1,179
140% -17% -65%
1.7% 2% 3% 43% 14% -20%
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF
$499 $793,331 $786,000 124%
$491 $776,909 $765,000
$383 $619,213 $603,750
30% 28% 30%
▶ AVGPRICEPERSQUAREFOOT
▶ RECENTTRENDS
● OCT 2020 ● OCT 2021
● SALES ● TOTALINVENTORY ● MEDIANPRICE
1,179
1,002
872
846
786
787
775
710
687
759
706
552
612
659
514
641
409 509
567
533
531
513
506
479
462
448
$786K
$765K
$728K
$729K
$735K
$720K
$725K
$705K
$660K
$640K
$615K
$608K
$604K
FVREB
REBGV
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELERS'MARKET 21%+
BALANCED 12-20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-LRATIO
128
100%+
100%+ 100%+
100%+
200
4+bdrms
89%
98
84%
150
243
3bdrms
217
100
135
25%
2bdrms
50
89
0
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
12 14 117%
51 43 84%
158 219 139%
138 188 136%
38 34 89%
8 10 125%
4 1 25%
5
Copyright©November8,2021renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofNovember8,2021.AldatafromRealEstateBoardofGreater VancouverandFraserValey&Renie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipientoftheinformationshould takestepsastherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfromarennieandasociatesadvisor.Al informationissubjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromreniegroupofcompanies.E.&O.E. 12 ●
fraservaleyboardarea CONDO-OCTOBER 2021
SALESTO LISTINGSRATIO 71% SELLERS'MARKET
▶ MARKETSUMMARY Therewere779condolistingsintheFraserValeyboard areainOctober,14%belowSeptemberand55%lower thanOctober2020. Octobercondosalesdecreasedby1.2% month-over-month,to555,andwere12%aboveOctober 2020. Thesales-to-listingratioforcondosintheFraserValey boardarea,at71%,reflectedaselers'market. ThecondomedianpriceinOctoberwas$480,900,a1.6% increasefromSeptemberand22%aboveOctober2020. Theaveragesoldpricewas$500,368,1.2%abovelast month;theaveragePSFsalepricewas$587,up1.9%to lastmonth.
AVERAGEPRICE
AVERAGE PSFPRICE ▲ 25% VS2020
MEDIANPRICE
TOTALLISTINGS
SALES
▲ 21% VS2020
▲ 22% VS2020
▼ 55% VS2020
▲ 12% VS2020
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No.
%Change
No. 62% 562 905
%Change
TOTALLISTINGS TOTALSALES
71% 555 779
28% 494 1,749
25% 21% 22% 152% 12% -55%
1.9% 1.2% 1.6% 15% -1.2% -14%
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF
$587 $500,368 $480,900
$576 $494,268 $473,250
$470 $414,961 $392,950
▶ AVGPRICEPERSQUAREFOOT
▶ RECENTTRENDS
● OCT 2020 ● OCT 2021
● SALES ● TOTALINVENTORY ● MEDIANPRICE
1,749
1,599
1,344
1,307
1,271
1,163
1,287
1,256
1,192 1,190
937
905
806
778
779
666
598
689
459
555
614 555
494
562
426
369
$481K
$473K
$465K
$450K
$446K
$450K
$450K
$438K
$430K
$415K
$405K
$398K
$393K
FVREB
REBGV
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELERS'MARKET 21%+
BALANCED 12-20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-LRATIO
400
4+bdrms
1
86%
81%
300
38
3bdrms
51%
73
200
331
26% 28% 25%
100
2bdrms
17% 20%
475
0
186
<$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
154 133 86%
403 326 81%
154 79 51%
31 8 26%
18 5 28%
8 2 25%
6 1 17%
5 1 20%
230
Copyright©November8,2021renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofNovember8,2021.AldatafromRealEstateBoardofGreater VancouverandFraserValey&Renie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipientoftheinformationshould takestepsastherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfromarennieandasociatesadvisor.Al informationissubjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromreniegroupofcompanies.E.&O.E. 13 ●
burnabynorth DETACHED-OCTOBER 2021
SALESTO LISTINGSRATIO 45% SELLERS'MARKET
▶ MARKETSUMMARY Therewere84detachedlistingsinBurnabyNorthin October,16%belowSeptemberand38%lowerthan October2020. Octoberdetachedhomesalesincreasedby23% month-over-month,to38,andwere16%belowOctober 2020. Thesales-to-listingratiofordetachedinBurnabyNorth, at45%,reflectedaselers'market. ThedetachedmedianpriceinOctoberwas$1,817,868,a 6%increasefromSeptemberand14%aboveOctober 2020. Theaveragesoldpricewas$1,970,098,9%abovelast monthandup18%toOctober2020.
AVERAGEPRICE
MEDIANPRICE
TOTALLISTINGS
SALES
▲ 18% VS2020
▲ 14% VS2020
▼ 38% VS2020
▼ 16% VS2020
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No.
%Change
No.
%Change
TOTALLISTINGS TOTALSALES
38 84
$1,666,609 $1,600,000 33% 45 136
18% 14% 37% -16% -38%
$1,813,558 $1,718,000 31% 31 100
46% 23% -16%
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE
$1,970,098 $1,817,868 45%
9% 6%
▶ RATIOOFMEDIANPRICES
▶ RECENTTRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTALINVENTORY ● MEDIANPRICE
154
161
157
136
125
2.31
17
121
100
2.08
105
1.87
76
84
66
80
53
67 67
45
45
45
1.38
48
38
44
1.30
34
1.21
27 31
22
$1.92M
$1.80M $1.80M
$1.81M
$1.82M
$1.80M
$1.78M
$1.72M
$1.70M
$1.60M
$1.60M
$1.55M
$1.50M
Oct-20
Sep-21
Oct-21
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELERS'MARKET 21%+
BALANCED 12-20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY ● S-LRATIO
35
30
25
76%
20
50%
15
35%
10
20%
13%
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
4 2 50%
33 25 76%
17 6 35%
15 3 20%
15 2 13%
Copyright©November8,2021renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofNovember8,2021.AldatafromRealEstate BoardofGreaterVancouverandFraserValey&Rennie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycanotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.The recipientoftheinformationshouldtakestepsastherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbe obtainedfromarennieandasociatesadvisor.Alinformationissubjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromrenniegroupofcompanies.E.&O.E.
●
14
burnabynorth TOWNHOME-OCTOBER 2021
SALESTO LISTINGSRATIO 55% SELLERS'MARKET
▶ MARKETSUMMARY Therewere33townhomelistingsinBurnabyNorthin October,11%belowSeptemberand42%lowerthan October2020. Octobertownhomesalesdecreasedby25% month-over-month,to18,andwere18%belowOctober 2020. Thesales-to-listingratiofortownhomesinBurnaby North,at55%,reflectedaselers'market. ThetownhomemedianpriceinOctoberwas$788,500,a 14%decreasefromSeptemberand3%aboveOctober 2020. Theaveragesoldpricewas$838,550,7%belowlast month;theaveragePSFsalepricewas$606,down7%to lastmonth.
AVERAGEPRICE
AVERAGE PSFPRICE ▲ 3% VS2020
MEDIANPRICE
TOTALLISTINGS
SALES
▲ 7% VS2020
▲ 3% VS2020
▼ 42% VS2020
▼ 18% VS2020
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No.
%Change
No.
%Change
TOTALLISTINGS TOTALSALES
18 33
22 57
3% 7% 3% 41% -18% -42%
24 37
-14% -16% -25% -11%
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF
$606 $838,550 $788,500 55%
$589 $782,107 $767,500 39%
$648 $901,429 $918,500 65%
-7% -7%
▶ AVGPRICEPERSQUAREFOOT
▶ RECENTTRENDS
● OCT 2020 ● OCT 2021
● SALES ● TOTALINVENTORY ● MEDIANPRICE
64
55 56
54
54
57
53
57
52
51
38 37
35
34
40
33
35
25
33
22
25
24
18
21
18
14
$919K
$896K
$847K
$818K
$800K
$789K
$775K
$768K
$768K
$761K
$749K
$750K
$718K
BURNABYNORTH REBGV
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELERS'MARKET 21%+
BALANCED 12-20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-LRATIO
12
1
4+bdrms
10
4
75% 75%
8
11
3bdrms
14
6
50%
4
6
2bdrms
20%
15
2
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
2 0 n/a
12 9 75%
8 6 75%
4 2 50%
5 1 20%
2 0 n/a
Copyright©November8,2021renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofNovember8,2021.AldatafromRealEstateBoardofGreater VancouverandFraserValey&Renie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipientoftheinformationshould takestepsastherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfromarennieandasociatesadvisor.Al informationissubjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromreniegroupofcompanies.E.&O.E. 15 ●
burnabynorth CONDO-OCTOBER 2021
SALESTO LISTINGSRATIO 57% SELLERS'MARKET
▶ MARKETSUMMARY Therewere230condolistingsinBurnabyNorthin October,23%belowSeptemberand43%lowerthan October2020. Octobercondosalesincreasedby4%month-over-month, to132,andwere36%aboveOctober2020.
AVERAGEPRICE
AVERAGE PSFPRICE ▲ 12% VS2020
MEDIANPRICE
TOTALLISTINGS
SALES
▲ 15% VS2020
▲ 10% VS2020
▼ 43% VS2020
▲ 36% VS2020
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No.
%Change
No. 43% 127 297
%Change
Thesales-to-listingratioforcondosinBurnabyNorth,at 57%,reflectedaselers'market.
TOTALLISTINGS TOTALSALES
57% 132 230
$709 $601,553 $590,000 24% 97 400
12% 15% 10% 137% 36% -43%
-6% 1.3% -2% 34% 4% -23%
ThecondomedianpriceinOctoberwas$650,000,a2% decreasefromSeptemberand10%aboveOctober2020. Theaveragesoldpricewas$689,902,1.3%abovelast month;theaveragePSFsalepricewas$792,down6%to lastmonth.
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF
$792 $689,902 $650,000
$844 $681,293 $665,000
▶ AVGPRICEPERSQUAREFOOT
▶ RECENTTRENDS
● OCT 2020 ● OCT 2021
● SALES ● TOTALINVENTORY ● MEDIANPRICE
379
400
323
312
304
302 297
284
324
273
290
182 275
200
230
127
132
143
129
97
17
13 13
96
87 91
$665K
$655K
$650K
$650K
$625K
$617K
$615K
$613K
$612K
$598K
$590K
$582K
$559K
BURNABYNORTH REBGV
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELERS'MARKET 21%+
BALANCED 12-20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-LRATIO
80
4+bdrms
86%
60
6
63%
3bdrms
55%
14
40
50%
50%
90
20
2bdrms
18% 14%
159
0
36
<$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 5 63%
80 44 55%
57 49 86%
54 27 50%
17 3 18%
7 1 14%
6 3 50%
1 0 n/a
57
Copyright©November8,2021renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofNovember8,2021.AldatafromRealEstateBoardofGreater VancouverandFraserValey&Renie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipientoftheinformationshould takestepsastherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfromarennieandasociatesadvisor.Al informationissubjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromreniegroupofcompanies.E.&O.E. 16 ●
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