the rennie review - July 2021

burnabynorth CONDO-JUNE 2021

SALESTO LISTINGSRATIO 39% SELLER'SMARKET

▶ MARKETSUMMARY

AVERAGEPRICE

AVERAGE PSFPRICE ▲ 9% VS2020

MEDIANPRICE

TOTALLISTINGS

SALES

▲ 14% VS2020

▲ 18% VS2020

▼ 0.3% VS2020

▲ 79% VS2020

Therewere292condolistingsinBurnabyNorthinJune, 3%aboveMayand-0.3%lowerthanJune2020.

Junecondosalesdecreasedby21%month-over-month, to113,andwere79%aboveJune2020.

THISMONTH No.

PREVIOUSYEAR

PREVIOUSMONTH

No.

%Change

No. 50% 143 284

%Change

Thesales-to-listingratioforcondosinBurnabyNorth,at 39%,reflectedaseler'smarket.

TOTALLISTINGS TOTALSALES

39% 113 292

$696 $555,305 $525,000 22% 63 293

9% 14% 18% 80% 79% -0.3%

-1.6% -0.9% 0.8% -23% -21% 3%

ThecondomedianpriceinJunewas$617,000,a0.8% increasefromMayand18%aboveJune2020. Theaveragesoldpricewas$635,395,0.9%belowlast month;theaveragePSFsalepricewas$759,down1.6% tolastmonth.

SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF

$759 $635,395 $617,000

$771 $641,398 $612,000

▶ AVGPRICEPERSQUAREFOOT

▶ RECENTTRENDS

● JUN 2020 ● JUN 2021

● SALES ● TOTALINVENTORY ● MEDIANPRICE

379

414

407

400

323

312

343

324

273

293

292

284

182 275

201

10

102

143

13

85

129

97

96

91

63

87

$649K

$625K

$617K

$608K

$613K

$612K

$598K

$587K

$590K

$582K

$560K

$559K

$525K

BURNABYNORTH REBGV

▶ NUMBEROFBEDROOMS

▶ TOTALLISTINGS&SALESBYPRICERANGE

SELER'SMARKET 21%+

BALANCED 12-20%

BUYER'SMARKET <12%

● SALES ● TOTALINVENTORY

● SALES ● TOTALINVENTORY ● S-LRATIO

100

4+bdrms

90%

80

60

5

3bdrms

19

50%

41%

40

77

24%

2bdrms

20%

18%

20

208

0

31

<$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

10 9 90%

97 40 41%

86 43 50%

75 18 24%

11 2 18%

7 0 n/a

5 1 20%

1 0 n/a

65

Copyright©July5,2021reniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofJuly5,2021.AldatafromRealEstateBoardofGreaterVancouverand FraserValey&Rennie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipientoftheinformationshouldtakestepsas therecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfromarennieandasociatesadvisor.Alinformationis subjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromreniegroupofcompanies.E.&O.E. 16 ●

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