the rennie review - May 2022

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.

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