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.
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