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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