the rennie review DATA-DRIVEN INSIGHTS INTO SALES, LISTINGS, & PRICING TRENDS FOR 13 SUB-MARKETS IN THE VANCOUVER REGION
published May 2022
table of contents
02 INTRO
Each month, we release the rennie review, a detailed look at the real estate marketplace in the Vancouver Region. This report examines the market stats by sub-market, provides updates on current rennie projects, and more.
03 WHAT YOU NEED TO KNOW
04 FEATURED LISTINGS
NEIGHBOURHOOD PROFILES
05 08 11 14 17 20 23 26 29 32 35 38 41 44 45 48
Vancouver Region
Greater Vancouver Board Area Fraser Valley Board Area
Burnaby North Burnaby South
Ryan Berlin DIRECTOR OF INTELLIGENCE & SENIOR ECONOMIST rberlin@rennie.com
Ryan Wyse SENIOR ANALYST rwyse@rennie.com
Coquitlam
Langley
New Westminster North Vancouver
Richmond Squamish
Surrey
Vancouver East
Vancouver Downtown
Vancouver West West Vancouver
50 AREA MAPS
53 CURRENT PROJECTS
Copyright © 2022 rennie group of companies. All rights reserved. This material may not be reproduced or distributed, in whole or in part, without the prior written permission of the rennie group of companies. Current as of May 5, 2022. All data from Real Estate Board of Greater Vancouver and Fraser Valley & Rennie. While the information and data contained herein has been obtained from sources deemed reliable, accuracy cannot be guaranteed. rennie group of companies does not assume responsibility or liability for any inaccuracies. The recipient of the information should take steps as the recipient may deem necessary to verify the information prior to placing any reliance upon the information. The information contained within this report should not be used as an opinion of value, such opinions should and can be obtained from a rennie and associates advisor. All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies. E.&O.E. 2
Vancouver’s housing market conditions have shifted A decline in housing demand in the Vancouver Region in April has brought sales counts down to a level not seen in almost two years. And what is that level? It’s the typical monthly average.
March), conditions have markedly improved for buyers insofar as having a greater range of housing options to choose from. Despite this, the market is still tilted in favour of sellers (a sales-to-listings ratio above 21% is considered a sellers’ market). Despite these recent changes to supply and demand conditions, prices (per the “benchmark” definition) remain at historic highs for all home types across both the Greater Vancouver and the Fraser Valley board areas. However, elevated economic uncertainty of late—in the form of inflation near 7% nationally, along with continually rising interest rates—potential buyers and sellers may be choosing to delay their real estate decisions until the economic context becomes more stable. The early returns for May are showing moderate sales counts, similar to those in April, as inventory continues to expand. Maybe—just maybe— we’ll find ourselves with balanced market conditions just in time for summer.
It’s fair to say that the second-most discussed dimension of Vancouver’s housing market over the last couple of years (after constrained inventory) has been the elevated sales activity we’ve experienced—elevated until now, that is. While the typical seasonal pattern between March and April is one of declining sales (the long-run average decline is 4% between these two months), the drop in sales last month represented something much more significant and is likely a sign of a shifting market. Specifically, total MLS sales for the Vancouver Region in April were 4,826, which was a 30% drop from March and 38% below April 2021’s level. Having noted this, we’d be remiss if we didn’t also point out that both March 2022 and April 2021 posted atypically-high sales totals; indeed, compared to the past-decade April average, last month’s sales only came in 1% lower. Interestingly, though, while April’s sales
were just a hair below what is considered typical for the month, the last time sales counts in this region were below the previous 10-year monthly average was all the way back in June 2020, at the tail-end of the original Covid-19 lockdown. Meanwhile, as sales counts have waned, new listings activity has been on the rise, and that dynamic (receding sales and rising new listings) yielded another increase in inventory in April. It was the fourth consecutive monthly increase in supply, though inventory remains relatively constrained overall: the 13,475 homes for sale at the end of April are still 14% below April 2021’s level, and 25% below the past 10-year April average. It can be said, then, that market conditions have shifted—moderated, more pointedly: as measured by the sales-to-listings ratio (which dropped to 36% in April from 59% in
Copyright © 2022 rennie group of companies. All rights reserved. This material may not be reproduced or distributed, in whole or in part, without the prior written permission of the rennie group of companies. Current as of May 5, 2022. All data from Real Estate Board of Greater Vancouver and Fraser Valley & Rennie. While the information and data contained herein has been obtained from sources deemed reliable, accuracy cannot be guaranteed. rennie group of companies does not assume responsibility or liability for any inaccuracies. The recipient of the information should take steps as the recipient may deem necessary to verify the information prior to placing any reliance upon the information. The information contained within this report should not be used as an opinion of value, such opinions should and can be obtained from a rennie and associates advisor. All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies. E.&O.E. 3
$4,500,000 | FALSE CREEK 604 - 181 Athletes Way 2 Bed, 2,138 SF
Copyright © 2022 rennie group of companies. All rights reserved. This material may not be reproduced or distributed, in whole or in part, without the prior written permission of the rennie group of companies. Current as of May 5 , 2022. While the information and data contained herein has been obtained from sources deemed reliable, accuracy cannot be guaranteed. rennie group of companies does not assume responsibility or liability for any inaccuracies. The recipient of the information should take steps as the recipient may deem necessary to verify the information prior to placing any reliance upon the information. The information contained within this report should not be used as an opinion of value, such opinions should and can be obtained from a rennie and associates advisor. All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies. E.&O.E.
vancouverregion DETACHED-APRIL 202
SALESTO LISTINGSRATIO 25% SELLERS'MARKET
▶ MARKETSUMMARY Therewere6,295detachedlistingsintheVancouver RegioninApril,15%aboveMarchand14%lowerthan April2021. Aprildetachedhomesalesdecreasedby32% month-over-month,to1,577,andwere48%belowApril 2021. Thesales-to-listingratiofordetachedintheVancouver Region,at25%,reflectedaselers'market.
AVERAGEPRICE
MEDIANPRICE
SALES
TOTALLISTINGS
▲ 20% VS2021
▲ 20% VS2021
▼ 14% VS2021
▼ 48% VS2021
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No.
%Change
No.
%Change
TOTALLISTINGS TOTALSALES
1,577 6,295
3,039 7,331
20% 20% -40% -48% -14%
2,328 5,481
0.9% -1.5% -41% -32% 15%
ThedetachedmedianpriceinAprilwas$1,800,000,a 1.5%decreasefromMarchand20%aboveApril2021.
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE
$2,098,705 $1,800,000 25%
$2,080,004 $1,826,500 42%
$1,756,044 $1,500,000 41%
Theaveragesoldpricewas$2,098,705,0.9%abovelast monthandup20%toApril2021.
▶ RATIOOFMEDIANPRICES
▶ RECENTTRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTALINVENTORY ● MEDIANPRICE
7,567
7,107
7,331
6,295
1.92
5,481
5,397
6,236
1.83
1.83
5,531
4,587
4,181
4,694
1.49
1.48
2,748
1.37
3,039
3,318
2,328
3,120
1,879
1,795
2,227
1,577
1,899
1,789
1,759
1,697
1,492
1,152
$1.83M $1.89M
$1.85M
$1.80M
$1.69M
$1.69M
$1.60M
$1.54M
$1.50M
$1.48M
$1.46M
$1.45M
$1.45M
Apr-21
Mar-22
Apr-22
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELERS'MARKET 21%+
BALANCED 12-20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY ● S-LRATIO
2000
1500
1000
50%
48%
46%
43%
33%
32%
31%
500
19%
11%
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+ 1,868 201 11%
S-LRATIO SALES INVENTORY
91 39 43%
34 17 50%
96 44 46%
224 108 48%
692 219 32%
1,676 520 31%
850 281 33%
764 148 19%
Copyright©May5,202renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofMay5,202.AldatafromRealEstateBoardof GreaterVancouverandFraserValey&Renie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.reniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipient oftheinformationshouldtakestepsastherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtained fromarennieandasociatesadvisor.Alinformationissubjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromrenniegroupofcompanies.E.&O.E.
●
5
vancouverregion TOWNHOME-APRIL 202
SALESTO LISTINGSRATIO 45% SELLERS'MARKET
▶ MARKETSUMMARY Therewere2,005townhomelistingsintheVancouver RegioninApril,19%aboveMarchand2%higherthan April2021. Apriltownhomesalesdecreasedby29% month-over-month,to896,andwere44%belowApril 2021. Thesales-to-listingratiofortownhomesintheVancouver Region,at45%,reflectedaselers'market. ThetownhomemedianpriceinAprilwas$982,944,a 1.7%decreasefromMarchand26%aboveApril2021. Theaveragesoldpricewas$1,049,361,2%belowlast month;theaveragePSFsalepricewas$712,down0.4% tolastmonth.
AVERAGEPRICE
AVERAGE PSFPRICE ▲ 23% VS2021
TOTALLISTINGS
MEDIANPRICE
SALES
▲ 22% VS2021
▲ 26% VS2021
▲ 2% VS2021
▼ 44% VS2021
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No.
%Change
No.
%Change
TOTALLISTINGS TOTALSALES
45% 896 2,005
1,591 1,960
23% 22% 26% -45% -44% 2%
1,254 1,680
-0.4% -2% -1.7% -40% -29% 19%
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF
$578 $858,134 $781,000 81%
$715 $1,072,640 $1,000,000 75%
$712 $1,049,361 $982,944
▶ AVGPRICEPERSQUAREFOOT
▶ RECENTTRENDS
● APR 2021 ● APR 202
● SALES ● TOTALINVENTORY ● MEDIANPRICE
1,910
2,005
1,960
1,969
1,674
1,680
1,591
1,400
1,306
1,254
1,227
1,377
1,076
973
1,193
782
1,013
766
1,002
987
942
925
915
896
587
574
$1000K $1.02M
$990K
$983K
$900K
$880K
$845K
$834K
$790K
$781K
$785K
$781K
$775K
VANCOUVERREGION REBGV
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELERS'MARKET 21%+
BALANCED 12-20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-LRATIO
700
162
4+bdrms
600
452
500
500
400
3bdrms
54%
52% 53%
1,094
43%
42% 42%
300
33%
217
200
2bdrms
428
14%
100
0
31 17
<$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
21 7 33%
59 32 54%
331 140 42%
716 300 42%
391 205 52%
261 138 53%
145 63 43%
81 11 14%
Copyright©May5,202renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofMay5,202.AldatafromRealEstateBoardofGreaterVancouverand FraserValey&Rennie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipientoftheinformationshouldtakestepsas therecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfromarennieandasociatesadvisor.Alinformationis subjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromrenniegroupofcompanies.E.&O.E. 6 ●
vancouverregion CONDO-APRIL 202
SALESTO LISTINGSRATIO 48% SELLERS'MARKET
▶ MARKETSUMMARY Therewere4,678condolistingsintheVancouverRegion inApril,15%aboveMarchand20%lowerthanApril 2021. Aprilcondosalesdecreasedby28%month-over-month, to2,249,andwere25%belowApril2021.
AVERAGEPRICE
AVERAGE PSFPRICE ▲ 18% VS2021
TOTALLISTINGS
MEDIANPRICE
SALES
▲ 17% VS2021
▲ 16% VS2021
▼ 20% VS2021
▼ 25% VS2021
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No.
%Change
No.
%Change
Thesales-to-listingratioforcondosintheVancouver Region,at48%,reflectedaselers'market.
TOTALLISTINGS TOTALSALES
2,249 4,678
2,980 5,830
18% 17% 16% -6% -25% -20%
3,117 4,073
0.8% 1.2% -0.7% -37% -28% 15%
ThecondomedianpriceinAprilwas$680,000,a0.7% decreasefromMarchand16%aboveApril2021. Theaveragesoldpricewas$783,177,1.2%abovelast month;theaveragePSFsalepricewas$909,up0.8%to lastmonth.
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF
$909 $783,177 $680,000 48%
$773 $669,825 $588,400 51%
$902 $773,892 $685,000 77%
▶ AVGPRICEPERSQUAREFOOT
▶ RECENTTRENDS
● APR 2021 ● APR 202
● SALES ● TOTALINVENTORY ● MEDIANPRICE
5,628
5,830
6,051
5,302
6,001
5,103
4,678
4,072
4,617
3,620
4,073
3,17
2,829
2,980
2,363 2,441
2,230
2,966
2,769
2,401
2,382
2,249
2,234
2,192
2,007
1,732
$695K
$685K
$680K
$670K
$628K
$620K
$608K
$598K
$588K
$590K
$583K
$574K
$575K
VANCOUVERREGION REBGV
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELERS'MARKET 21%+
BALANCED 12-20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-LRATIO
1400
35 1
1200
4+bdrms
1000
800
149
62% 61%
3bdrms
517
49%
600
41%
39%
400
29%
1,211
2bdrms
17%
2,661
13%
200
0
888
<$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
164 68 41%
1,081 666 62%
1,296 788 61%
786 389 49%
394 155 39%
292 84 29%
317 55 17%
348 44 13%
1,465
Copyright©May5,202renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofMay5,202.AldatafromRealEstateBoardofGreaterVancouverand FraserValey&Rennie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipientoftheinformationshouldtakestepsas therecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfromarennieandasociatesadvisor.Alinformationis subjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromrenniegroupofcompanies.E.&O.E. 7 ●
greatervancouverboardarea DETACHED-APRIL 202
SALESTO LISTINGSRATIO 26% SELLERS'MARKET
▶ MARKETSUMMARY Therewere3,714detachedlistingsintheGreater VancouverboardareainApril,14%aboveMarchand 15%lowerthanApril2021. Aprildetachedhomesalesdecreasedby26% month-over-month,to959,andwere42%belowApril 2021. Thesales-to-listingratiofordetachedintheGreater Vancouverboardarea,at26%,reflectedaselers'market.
AVERAGEPRICE
MEDIANPRICE
SALES
TOTALLISTINGS
▲ 17% VS2021
▲ 18% VS2021
▼ 15% VS2021
▼ 42% VS2021
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No.
%Change
No.
%Change
TOTALLISTINGS TOTALSALES
26% 959 3,714
1,652 4,387
17% 18% -31% -42% -15%
1,300 3,254
1.9% -0.1% -35% -26% 14%
ThedetachedmedianpriceinAprilwas$1,999,000,a 0.1%decreasefromMarchand18%aboveApril2021.
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE
$2,277,624 $2,000,000 40%
$1,974,888 $1,700,000 38%
Theaveragesoldpricewas$2,319,849,1.9%abovelast monthandup17%toApril2021.
$2,319,849 $1,999,000
▶ RATIOOFMEDIANPRICES
▶ RECENTTRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTALINVENTORY ● MEDIANPRICE
4,523
4,739
4,387
3,656
1.87
4,051
3,714
1.82
3,254
3,688
1.74
2,875
2,799
3,180
1.59
1.52
1.46
2,264
2,21
1,652
1,300
1,264
1,092
1,010
985
1,421
959
1,044
935
950
793
625
$2.00M $2.01M
$1.99M
$2.00M
$1.85M
$1.85M
$1.76M
$1.70M
$1.67M
$1.65M
$1.63M
$1.63M
$1.61M
Apr-21
Mar-22
Apr-22
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELERS'MARKET 21%+
BALANCED 12-20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY ● S-LRATIO
1600
1400
1200
1000
59%
800
55%
52%
43%
600
38%
38%
35%
400
23%
11%
200
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+ 1,459 163 11%
S-LRATIO SALES INVENTORY
28 12 43%
22 13 59%
55 30 55%
69 36 52%
271 95 35%
781 295 38%
517 197 38%
512 118 23%
Copyright©May5,202renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofMay5,202.AldatafromRealEstateBoardof GreaterVancouverandFraserValey&Renie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.reniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipient oftheinformationshouldtakestepsastherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtained fromarennieandasociatesadvisor.Alinformationissubjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromrenniegroupofcompanies.E.&O.E.
●
8
greatervancouverboardarea TOWNHOME-APRIL 202
SALESTO LISTINGSRATIO 55% SELLERS'MARKET
▶ MARKETSUMMARY Therewere921townhomelistingsintheGreater VancouverboardareainApril,22%aboveMarchand 15%lowerthanApril2021. Apriltownhomesalesdecreasedby20% month-over-month,to503,andwere39%belowApril 2021. Thesales-to-listingratiofortownhomesintheGreater Vancouverboardarea,at55%,reflectedaselers'market. ThetownhomemedianpriceinAprilwas$1,100,000,a 4%decreasefromMarchand22%aboveApril2021. Theaveragesoldpricewas$1,139,503,3%belowlast month;theaveragePSFsalepricewas$812,down0.6% tolastmonth.
AVERAGEPRICE
AVERAGE PSFPRICE ▲ 20% VS2021
TOTALLISTINGS
MEDIANPRICE
SALES
▲ 18% VS2021
▲ 22% VS2021
▼ 15% VS2021
▼ 39% VS2021
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No.
%Change
No. 83% 629 755
%Change
TOTALLISTINGS TOTALSALES
55% 503 921
76% 830 1,088
20% 18% 22% -28% -39% -15%
-0.6% -3% -4% -34% -20% 22%
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF
$812 $1,139,503 $1,100,000
$817 $1,176,492 $1,149,000
$677 $967,581 $905,000
▶ AVGPRICEPERSQUAREFOOT
▶ RECENTTRENDS
● APR 2021 ● APR 202
● SALES ● TOTALINVENTORY ● MEDIANPRICE
1,088
1,123 1,123
921
964
792
830
825
623
755
597
599
692
667
500
629
503
387
508
502
493
477
467
446
365
284
$1.15M $1.10M
$1.10M
$1.10M
$995K
$969K
$960K
$945K
$905K
$900K
$899K
$899K
$893K
REBGV
FVREB
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELERS'MARKET 21%+
BALANCED 12-20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-LRATIO
80
200
4+bdrms
152
73%
150
66%
297
62%
57% 55%
3bdrms
55%
529
100
41%
112
2bdrms
50
212
14%
0
14
<$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
7 4 57%
22 12 55%
95 69 73%
221 121 55%
173 114 66%
188 117 62%
134 55 41%
81 11 14%
28
Copyright©May5,202renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofMay5,202.AldatafromRealEstateBoardofGreaterVancouverand FraserValey&Rennie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipientoftheinformationshouldtakestepsas therecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfromarennieandasociatesadvisor.Alinformationis subjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromrenniegroupofcompanies.E.&O.E. 9 ●
greatervancouverboardarea CONDO-APRIL 202
SALESTO LISTINGSRATIO 46% SELLERS'MARKET
▶ MARKETSUMMARY
AVERAGEPRICE
AVERAGE PSFPRICE ▲ 16% VS2021
TOTALLISTINGS
MEDIANPRICE
SALES
▲ 15% VS2021
▲ 15% VS2021
▼ 18% VS2021
▼ 26% VS2021
Therewere3,682condolistingsintheGreater VancouverboardareainApril,14%aboveMarchand 18%lowerthanApril2021. Aprilcondosalesdecreasedby27%month-over-month, to1,695,andwere26%belowApril2021.
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No.
%Change
No.
%Change
Thesales-to-listingratioforcondosintheGreater Vancouverboardarea,at46%,reflectedaselers'market.
TOTALLISTINGS TOTALSALES
1,695 3,682
2,283 4,486
16% 15% 15% -10% -26% -18%
2,313 3,225
1.1% 0.9% -0.7% -36% -27% 14%
ThecondomedianpriceinAprilwas$735,000,a0.7% decreasefromMarchand15%aboveApril2021. Theaveragesoldpricewas$841,291,0.9%abovelast month;theaveragePSFsalepricewas$979,up1.1%to lastmonth.
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF
$979 $841,291 $735,000 46%
$843 $729,371 $638,000 51%
$969 $834,006 $740,000 72%
▶ AVGPRICEPERSQUAREFOOT
▶ RECENTTRENDS
● APR 2021 ● APR 202
● SALES ● TOTALINVENTORY ● MEDIANPRICE
4,397
4,486
4,780
4,714
4,465
4,166
3,412
3,682
3,838
2,856
3,225
2,313
2,048
2,283
2,546
1,863
1,808 1,827
2,396
1,695
1,785
1,678
1,632
1,630
1,464
1,316
$740K
$735K
$735K
$725K
$680K
$668K
$650K
$655K
$655K
$645K
$638K
$635K
$635K
REBGV
FVREB
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELERS'MARKET 21%+
BALANCED 12-20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-LRATIO
1000
35 1
4+bdrms
800
65% 62%
600
119
3bdrms
455
49%
400
40%
33%
29%
884
2bdrms
17%
200
2,037
12%
0
691
<$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
91 30 33%
581 375 65%
980 612 62%
729 357 49%
368 146 40%
279 81 29%
309 53 17%
345 41 12%
1,155
Copyright©May5,202renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofMay5,202.AldatafromRealEstateBoardofGreaterVancouverand FraserValey&Rennie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipientoftheinformationshouldtakestepsas therecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfromarennieandasociatesadvisor.Alinformationis subjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromrenniegroupofcompanies.E.&O.E. 10 ●
fraservaleyboardarea DETACHED-APRIL 202
SALESTO LISTINGSRATIO 24% SELLERS'MARKET
▶ MARKETSUMMARY Therewere2,581detachedlistingsintheFraserValey boardareainApril,16%aboveMarchand12%lower thanApril2021. Aprildetachedhomesalesdecreasedby40% month-over-month,to612,andwere56%belowApril 2021. Thesales-to-listingratiofordetachedintheFraserValey boardarea,at24%,reflectedaselers'market.
AVERAGEPRICE
MEDIANPRICE
SALES
TOTALLISTINGS
▲ 18% VS2021
▲ 20% VS2021
▼ 12% VS2021
▼ 56% VS2021
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No.
%Change
No.
%Change
TOTALLISTINGS TOTALSALES
24% 612 2,581
1,382 2,944
18% 20% -49% -56% -12%
1,025 2,227
-48% -40% 16%
ThedetachedmedianpriceinAprilwas$1,614,500,a5% decreasefromMarchand20%aboveApril2021.
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE
$1,831,423 $1,700,000 46%
$1,493,039 $1,342,500 47%
Theaveragesoldpricewas$1,762,961,4%belowlast monthandup18%toApril2021.
-4% -5%
$1,762,961 $1,614,500
▶ RATIOOFMEDIANPRICES
▶ RECENTTRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTALINVENTORY ● MEDIANPRICE
2,944
2,584
2,828
2,581
2,227
1.84
1.79
1.77
2,185
1,788
1.67
1,741
1.62
1.61
1,843
1,321
1,306
1,382
1,514
1,025
909
841
807
1,054
959
850
777
744
744
696
612
523
$1.78M
$1.75M
$1.70M
$1.61M
$1.58M
$1.56M
$1.45M
$1.41M
$1.36M
$1.34M
$1.33M
$1.31M
$1.29M
Apr-21
Mar-22
Apr-22
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELERS'MARKET 21%+
BALANCED 12-20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY ● S-LRATIO
800
600
46%
400
40%
34%
33%
29%
25%
25%
200
12%
9%
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
63 25 40%
12 4 33%
41 14 34%
155 71 46%
421 121 29%
895 225 25%
333 84 25%
252 30 12%
409 38 9%
Copyright©May5,202renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofMay5,202.AldatafromRealEstateBoardof GreaterVancouverandFraserValey&Renie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.reniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipient oftheinformationshouldtakestepsastherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtained fromarennieandasociatesadvisor.Alinformationissubjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromrenniegroupofcompanies.E.&O.E.
●
11
fraservaleyboardarea TOWNHOME-APRIL 202
SALESTO LISTINGSRATIO 36% SELLERS'MARKET
▶ MARKETSUMMARY Therewere1,084townhomelistingsintheFraserValey boardareainApril,17%aboveMarchand24%higher thanApril2021. Apriltownhomesalesdecreasedby37% month-over-month,to392,andwere48%belowApril 2021. Thesales-to-listingratiofortownhomesintheFraser Valeyboardarea,at36%,reflectedaselers'market. ThetownhomemedianpriceinAprilwas$913,500,a4% decreasefromMarchand25%aboveApril2021. Theaveragesoldpricewas$933,310,4%belowlast month;theaveragePSFsalepricewas$583,down5%to lastmonth.
AVERAGEPRICE
AVERAGE PSFPRICE ▲ 24% VS2021
TOTALLISTINGS
MEDIANPRICE
SALES
▲ 26% VS2021
▲ 25% VS2021
▲ 24% VS2021
▼ 48% VS2021
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No. 87% 759 872
%Change
No. 68% 625 925
%Change
TOTALLISTINGS TOTALSALES
36% 392 1,084
24% 26% 25% -58% -48% 24%
-46% -37% 17%
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF
$583 $933,310 $913,500
$611 $968,123 $949,900
-5% -4% -4%
$470 $738,174 $728,000
▶ AVGPRICEPERSQUAREFOOT
▶ RECENTTRENDS
● APR 2021 ● APR 202
● SALES ● TOTALINVENTORY ● MEDIANPRICE
1,084
925
846
759 872
787
710
706
628
625
552
514 509
438
567
416
512
479
320
447
448
409
392
376
290
200
$970K
$950K
$930K
$914K
$870K
$824K
$786K
$765K
$735K
$728K
$725K
$729K
$720K
FVREB
REBGV
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELERS'MARKET 21%+
BALANCED 12-20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-LRATIO
500
82
4+bdrms
300
400
73%
203
300
3bdrms
54%
565
41%
200
36%
30%
29%
104
21%
2bdrms
100
216
0
3 3
<$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
14 3 21%
37 20 54%
236 71 30%
495 179 36%
218 90 41%
73 21 29%
11 8 73%
Copyright©May5,202renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofMay5,202.AldatafromRealEstateBoardofGreaterVancouverand FraserValey&Rennie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipientoftheinformationshouldtakestepsas therecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfromarennieandasociatesadvisor.Alinformationis subjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromrenniegroupofcompanies.E.&O.E. 12 ●
fraservaleyboardarea CONDO-APRIL 202
SALESTO LISTINGSRATIO 55% SELLERS'MARKET
▶ MARKETSUMMARY Therewere996condolistingsintheFraserValeyboard areainApril,17%aboveMarchand26%lowerthanApril 2021. Aprilcondosalesdecreasedby31%month-over-month, to550,andwere20%belowApril2021.
AVERAGEPRICE
AVERAGE PSFPRICE ▲ 28% VS2021
TOTALLISTINGS
MEDIANPRICE
SALES
▲ 28% VS2021
▲ 26% VS2021
▼ 26% VS2021
▼ 20% VS2021
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No.
%Change
No. 95% 802 848
%Change
Thesales-to-listingratioforcondosintheFraserValey boardarea,at55%,reflectedaselers'market.
TOTALLISTINGS TOTALSALES
55% 550 996
51% 689 1,344
29% 29% 26% 8% -20% -26%
-1.8% 1.2% -0.6% -42% -31% 17%
ThecondomedianpriceinAprilwas$566,300,a0.6% decreasefromMarchand26%aboveApril2021. Theaveragesoldpricewas$606,584,1.2%abovelast month;theaveragePSFsalepricewas$695,down1.8% tolastmonth.
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF
$695 $606,584 $566,300
$708 $599,520 $570,000
$539 $470,069 $449,900
▶ AVGPRICEPERSQUAREFOOT
▶ RECENTTRENDS
● APR 2021 ● APR 202
● SALES ● TOTALINVENTORY ● MEDIANPRICE
1,271
1,344
1,163
1,287
996
905
848
778
937 598
764
660
802
689
779
542
614
614
562
555
555
550
517
415
420
373
$572K
$570K
$564K
$566K
$529K
$510K
$481K
$473K
$465K
$450K
$450K
$450K
$446K
FVREB
REBGV
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELERS'MARKET 21%+
BALANCED 12-20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-LRATIO
500
100%
4+bdrms
400
30
300
58% 55% 55%
3bdrms
62
49%
200
35%
324
25% 25%
2bdrms
100
624
0
196
<$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
73 36 49%
500 290 58%
316 175 55%
58 32 55%
26 9 35%
12 3 25%
8 2 25%
3 3 100%
310
Copyright©May5,202renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofMay5,202.AldatafromRealEstateBoardofGreaterVancouverand FraserValey&Rennie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipientoftheinformationshouldtakestepsas therecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfromarennieandasociatesadvisor.Alinformationis subjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromrenniegroupofcompanies.E.&O.E. 13 ●
burnabynorth DETACHED-APRIL 202
SALESTO LISTINGSRATIO 41% SELLERS'MARKET
▶ MARKETSUMMARY
AVERAGEPRICE
MEDIANPRICE
SALES
TOTALLISTINGS
▲ 22% VS2021
▲ 21% VS2021
▼ 41% VS2021
▼ 50% VS2021
Therewere93detachedlistingsinBurnabyNorthin April,7%aboveMarchand41%lowerthanApril2021. Aprildetachedhomesalesdecreasedby5% month-over-month,to38,andwere50%belowApril 2021. Thesales-to-listingratiofordetachedinBurnabyNorth, at41%,reflectedaselers'market.
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No.
%Change
No.
%Change
TOTALLISTINGS TOTALSALES
38 93
$1,876,330 $1,795,000 48% 76 157
22% 21% -16% -50% -41%
40 87
-3% -5% -11% -5% 7%
ThedetachedmedianpriceinAprilwas$2,177,500,a5% decreasefromMarchand21%aboveApril2021.
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE
$2,281,365 $2,177,500 41%
$2,360,801 $2,295,500 46%
Theaveragesoldpricewas$2,281,365,3%belowlast monthandup22%toApril2021.
▶ RATIOOFMEDIANPRICES
▶ RECENTTRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTALINVENTORY ● MEDIANPRICE
154
157
161
2.42
2.24
121
100
2.20
87
105
93
80
76
84
64
59
53
45
61
38
33
48
38
47
1.36
40
1.31
1.27
32
30
27
17
$2.30M $2.12M $2.17M
$2.18M
$1.99M
$1.92M
$1.93M
$1.80M
$1.81M
$1.82M
$1.78M
$1.70M
$1.68M
Apr-21
Mar-22
Apr-22
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELERS'MARKET 21%+
BALANCED 12-20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY ● S-LRATIO
25
20
15
52%
52%
10
27%
23%
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
0 1 n/a
27 14 52%
25 13 52%
15 4 27%
26 6 23%
Copyright©May5,202renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofMay5,202.AldatafromRealEstateBoardof GreaterVancouverandFraserValey&Renie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.reniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipient oftheinformationshouldtakestepsastherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtained fromarennieandasociatesadvisor.Alinformationissubjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromrenniegroupofcompanies.E.&O.E.
●
14
burnabynorth TOWNHOME-APRIL 202
SALESTO LISTINGSRATIO 52% SELLERS'MARKET
▶ MARKETSUMMARY
AVERAGEPRICE
AVERAGE PSFPRICE ▲ 7% VS2021
TOTALLISTINGS
MEDIANPRICE
SALES
▲ 18% VS2021
▲ 24% VS2021
▼ 56% VS2021
▼ 76% VS2021
Therewere23townhomelistingsinBurnabyNorthin April,44%aboveMarchand57%lowerthanApril2021. Apriltownhomesalesdecreasedby64% month-over-month,to12,andwere76%belowApril 2021. Thesales-to-listingratiofortownhomesinBurnaby North,at52%,reflectedaselers'market. ThetownhomemedianpriceinAprilwas$989,400,a4% increasefromMarchand24%aboveApril2021. Theaveragesoldpricewas$967,050,3%abovelast month;theaveragePSFsalepricewas$675,down10% tolastmonth.
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No.
%Change
No.
%Change
TOTALLISTINGS TOTALSALES
12 23
51 54
7% 18% 24% -45% -76% -57%
33 16
-10% 3% 4% -75% -64% 44%
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF
$675 $967,050 $989,400 52%
$629 $821,330 $800,000 94%
$748 $936,237 $950,000 206%
▶ AVGPRICEPERSQUAREFOOT
▶ RECENTTRENDS
● APR 2021 ● APR 202
● SALES ● TOTALINVENTORY ● MEDIANPRICE
64
54
54
57
51
38
37
34
33
33
40
26
33
25
23
18
18
25
24
23
18
17
16
12
12
1
$989K
$950K
$919K
$905K
$896K
$883K
$857K
$847K
$800K
$789K
$775K
$750K
$750K
BURNABYNORTH REBGV
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELERS'MARKET 21%+
BALANCED 12-20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-LRATIO
8
1
100%+
4+bdrms
6
67%
8
3bdrms
13
4
50%
3
2
2bdrms
10
13%
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
8 1 13%
8 4 50%
2 3 150%
3 2 67%
2 0 n/a
Copyright©May5,202renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofMay5,202.AldatafromRealEstateBoardofGreaterVancouverand FraserValey&Rennie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipientoftheinformationshouldtakestepsas therecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfromarennieandasociatesadvisor.Alinformationis subjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromrenniegroupofcompanies.E.&O.E. 15 ●
burnabynorth CONDO-APRIL 202
SALESTO LISTINGSRATIO 39% SELLERS'MARKET
▶ MARKETSUMMARY
AVERAGEPRICE
AVERAGE PSFPRICE ▲ 18% VS2021
TOTALLISTINGS
MEDIANPRICE
SALES
▲ 18% VS2021
▲ 19% VS2021
▲ 4% VS2021
▼ 38% VS2021
Therewere286condolistingsinBurnabyNorthinApril, 43%aboveMarchand4%higherthanApril2021.
Aprilcondosalesdecreasedby38%month-over-month, to112,andwere38%belowApril2021.
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No. 66% 182 275
%Change
No. 90% 180 200
%Change
Thesales-to-listingratioforcondosinBurnabyNorth,at 39%,reflectedaselers'market.
TOTALLISTINGS TOTALSALES
39% 112 286
18% 18% 19% -41% -38% 4%
-56% -38% 43%
ThecondomedianpriceinAprilwas$729,000,a3% decreasefromMarchand19%aboveApril2021. Theaveragesoldpricewas$751,767,4%belowlast month;theaveragePSFsalepricewas$926,down2.0% tolastmonth.
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF
$926 $751,767 $729,000
$945 $783,467 $750,000
-2% -4% -3%
$788 $635,244 $613,000
▶ AVGPRICEPERSQUAREFOOT
▶ RECENTTRENDS
● APR 2021 ● APR 202
● SALES ● TOTALINVENTORY ● MEDIANPRICE
286
284
304
302
297
275
290
208
200
230
176
167
182
180
132
127
124
160
145
143
17
13 13
12
104
101
$778K
$750K
$729K
$693K
$700K
$665K
$655K
$650K
$644K
$613K
$612K
$617K
$615K
BURNABYNORTH REBGV
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELERS'MARKET 21%+
BALANCED 12-20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-LRATIO
100
4+bdrms
80
3
60
3bdrms
56%
21
46%
38%
40
71
21%
2bdrms
20
193
11%
10%
0
38
<$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
1 0 n/a
66 25 38%
103 47 46%
59 33 56%
28 3 11%
14 3 21%
10 1 10%
5 0 n/a
72
Copyright©May5,202renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofMay5,202.AldatafromRealEstateBoardofGreaterVancouverand FraserValey&Rennie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipientoftheinformationshouldtakestepsas therecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfromarennieandasociatesadvisor.Alinformationis subjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromrenniegroupofcompanies.E.&O.E. 16 ●
burnabysouth DETACHED-APRIL 202
SALESTO LISTINGSRATIO 34% SELLERS'MARKET
▶ MARKETSUMMARY
AVERAGEPRICE
MEDIANPRICE
SALES
TOTALLISTINGS
▲ 13% VS2021
▲ 24% VS2021
▼ 45% VS2021
▼ 39% VS2021
Therewere111detachedlistingsinBurnabySouthin April,0.9%belowMarchand45%lowerthanApril2021. Aprildetachedhomesalesincreasedby19% month-over-month,to38,andwere39%belowApril 2021. Thesales-to-listingratiofordetachedinBurnabySouth, at34%,reflectedaselers'market.
THISMONTH No. $2,272,600 $2,206,000 34% 38 111
PREVIOUSYEAR
PREVIOUSMONTH
No.
%Change
No.
%Change
TOTALLISTINGS TOTALSALES
$2,007,949 $1,779,000 31% 62 201
13% 24% 11% -39% -45%
$2,400,406 $2,210,000 29% 32 112
-5% -0.2% 20% 19% -0.9%
ThedetachedmedianpriceinAprilwas$2,206,000,a 0.2%decreasefromMarchand24%aboveApril2021.
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE
Theaveragesoldpricewas$2,272,600,5%belowlast monthandup13%toApril2021.
▶ RATIOOFMEDIANPRICES
▶ RECENTTRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTALINVENTORY ● MEDIANPRICE
212
189
201
2.20
148
2.09
164
128
1.99
153
12
100
11
80
76
1.48
55
52
62
44
42
40
66
1.32
38
1.31
38
39
38
32
31
24
$2.48M
$2.21M
$2.21M
$2.02M
$2.04M
$2.00M
$1.91M
$1.93M
$1.86M
$1.83M
$1.78M
$1.75M
$1.73M
Apr-21
Mar-22
Apr-22
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELERS'MARKET 21%+
BALANCED 12-20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY ● S-LRATIO
35
30
25
20
58%
15
41%
10
29%
14%
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
2 0 n/a
32 13 41%
24 14 58%
24 7 29%
29 4 14%
Copyright©May5,202renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofMay5,202.AldatafromRealEstateBoardof GreaterVancouverandFraserValey&Renie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.reniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipient oftheinformationshouldtakestepsastherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtained fromarennieandasociatesadvisor.Alinformationissubjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromrenniegroupofcompanies.E.&O.E.
●
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