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 ●
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