the rennie review - July 2021

burnabynorth TOWNHOME-JUNE 2021

SALESTO LISTINGSRATIO 62% SELLER'SMARKET

▶ MARKETSUMMARY

AVERAGEPRICE

AVERAGE PSFPRICE ▲ 8% VS2020

MEDIANPRICE

TOTALLISTINGS

SALES

▲ 8% VS2020

▲ 22% VS2020

▼ 10% VS2020

▲ 183% VS2020

Therewere55townhomelistingsinBurnabyNorthin June,14%belowMayand10%lowerthanJune2020. Junetownhomesalesdecreasedby15% month-over-month,to34,andwere183%aboveJune 2020. Thesales-to-listingratiofortownhomesinBurnaby North,at62%,reflectedaseler'smarket. ThetownhomemedianpriceinJunewas$775,000,a8% decreasefromMayand22%aboveJune2020. Theaveragesoldpricewas$780,601,3%belowlast month;theaveragePSFsalepricewas$616,down6%to lastmonth.

THISMONTH No.

PREVIOUSYEAR

PREVIOUSMONTH

No.

%Change

No.

%Change

TOTALLISTINGS TOTALSALES

34 55

12 61

214% 183% -10%

40 64

6% -3% -8% -1.1% -15% -14%

SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF

$616 $780,601 $775,000 62%

$569 $725,750 $637,500 20%

$580 $805,394 $846,500 63%

8% 8% 22%

▶ AVGPRICEPERSQUAREFOOT

▶ RECENTTRENDS

● JUN 2020 ● JUN 2021

● SALES ● TOTALINVENTORY ● MEDIANPRICE

66

69

64

61

56

55

54

53

55

57

54

52

51

35

40

34

27

35

25

25

22

21

18

12

14

13

$847K

$818K

$800K

$775K

$768K

$768K

$761K

$749K

$725K

$718K

$683K

$660K

$638K

BURNABYNORTH REBGV

▶ NUMBEROFBEDROOMS

▶ TOTALLISTINGS&SALESBYPRICERANGE

SELER'SMARKET 21%+

BALANCED 12-20%

BUYER'SMARKET <12%

● SALES ● TOTALINVENTORY

● SALES ● TOTALINVENTORY ● S-LRATIO

25

5

4+bdrms

20

6

86%

71%

71%

15

13

3bdrms

27

48%

10

16

2bdrms

5

21

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

0 2 n/a

7 5 71%

23 11 48%

14 10 71%

7 6 86%

2 0 n/a

2 0 n/a

1

Copyright©July5,2021reniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofJuly5,2021.AldatafromRealEstateBoardofGreaterVancouverand FraserValey&Rennie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipientoftheinformationshouldtakestepsas therecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfromarennieandasociatesadvisor.Alinformationis subjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromreniegroupofcompanies.E.&O.E. 15 ●

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