the rennie review DATA DRIVEN INSIGHTS INTO SALES, LISTINGS, & PRICING TRENDS FOR SUB MARKETS IN THE VANCOUVER REGION
published April 2022
table of contents
02 INTRO 03 WHAT YOU NEED TO KNOW 04 FEATURED LISTINGS
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.
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
RyanWyse SENIOR ANALYST rwyse@rennie.com
Ryan Berlin DIRECTOR OF INTELLIGENCE & SENIOR ECONOMIST rberlin@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 April 7, 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 All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies.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
For the record: March’s low inventory count wasn’t a record An increase in new listings in the Vancouver Region in 2022 has lifted inventory out of the record-low territory it had occupied since July 2021. The big “but”? Last month’s inventory was the second-lowest for any March in at least 30 years.
February and March of 26%. And while March’s sales were 23% lower than in March 2021, it must be noted that last March was the busiest month for sales ever recorded in the region; as such, the year-over-year decline speaks more to 2021’s abnormally elevated activity than to the notion that last month’s sales were anything but robust. Even with rising inventory, the reality is that the busier-than-usual sales activity in March means that market conditions remain heavily tilted in favour of sellers. The sales-to- listings ratio for all property types in March was 59%--significantly higher than the 21% threshold that marks the bottom end of a sellers’ market. Looking ahead through Q2, listings will continue to rise, but with sales activity remaining relatively strong, balanced market conditions are likely still a ways off.
homebuyers have been increasing of late, with total inventory for the Vancouver Region in March reaching 11,654 homes. Some context: despite this being 13% below the level of March 2021 and 30% lower than the long-run March average, it reflects a 19% increase over February’s level. And while we do expect listings to rise during this part of the annual housing cycle, 2022’s month- over-month supply increase into March was notably higher than the typical 7% increase we’re used to. Inventory wasn’t the only metric rising at an above-average pace in March: sales counts last month reached 6,862, which represents the third-highest total for any March (sales data goes back to 1980). Sales for the month finished 32% higher than in February, which compares to a typical increase between
Anyone who follows this space on a regular basis knows we’ve been highlighting the Vancouver Region’s historically constrained inventory level for the better part of a year. Indeed, total monthly listings counts have represented all-time lows for each successive month since July 2021—a period spanning seven months through February. As a result of noting all of the broken records that have accumulated during this time, we know we’ve sounded like a broken record, so on some level it does please us to be able to report that total inventory in March was, in fact, not an all-time low for the month… instead, it was merely the second-lowest listings count we’ve seen in any March on record (that is, since 1989).
Despite this continued low level of supply, the housing options for potential
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 April 7, 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
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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 April 12, 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.
4
vancouverregion DETACHED-MARCH 202
SALESTO LISTINGSRATIO 43% SELLERS'MARKET
▶ MARKETSUMMARY Therewere5,479detachedlistingsintheVancouver RegioninMarch,19%aboveFebruaryand8%lowerthan March2021. Marchdetachedhomesalesincreasedby32% month-over-month,to2,331,andwere33%belowMarch 2021. Thesales-to-listingratiofordetachedintheVancouver Region,at43%,reflectedaselers'market.
AVERAGEPRICE
MEDIANPRICE
TOTALLISTINGS
SALES
▲ 20% VS2021
▲ 23% VS2021
▼ 8% VS2021
▼ 33% VS2021
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No.
%Change
%Change
No.
TOTALLISTINGS TOTALSALES
2,331 5,479
3,503 5,965
20% 23% -28% -33% -8%
-3% -3% 11% 32% 19%
1,762 4,586
ThedetachedmedianpriceinMarchwas$1,825,000,a 3%decreasefromFebruaryand23%aboveMarch2021.
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE
$2,138,379 $1,885,000 38%
$2,078,478 $1,825,000 43%
$1,738,695 $1,480,000 59%
Theaveragesoldpricewas$2,078,478,3%belowlast monthandup20%toMarch2021.
▶ RATIOOFMEDIANPRICES
▶ RECENTTRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTALINVENTORY ● MEDIANPRICE
7,567
7,107
7,331
1.90
5,397
6,236
1.84
1.83
5,479
5,965
5,531
4,586
4,181
4,694
1.51
1.49
3,503
2,749
1.37
3,318
3,120
3,039
1,879
2,331
1,795
2,227
1,899
1,789
1,762
1,697
1,492
1,152
$1.83M $1.89M
$1.85M
$1.69M
$1.69M
$1.60M
$1.54M
$1.50M
$1.48M
$1.48M
$1.46M
$1.45M
$1.45M
Mar-21
Feb-22
Mar-22
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELERS'MARKET 21%+
BALANCED 12-20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY ● S-LRATIO
1500
72%
64%
1000
61%
57%
57%
52%
33%
500
24%
17%
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+ 1,660 275 17%
S-LRATIO SALES INVENTORY
86 55 64%
38 9 24%
77 44 57%
160 115 72%
589 306 52%
1,396 857 61%
785 446 57%
688 224 33%
Copyright©April7,202renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionofthereniegroupofcompanies.CurentasofApril7,202.AldatafromRealEstateBoardof GreaterVancouverandFraserValey&Renie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycanotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipient oftheinformationshouldtakestepsastherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtained fromarennieandasociatesadvisor.Alinformationissubjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromrenniegroupofcompanies.E.&O.E.
●
5
vancouverregion TOWNHOME-MARCH 202
SALESTO LISTINGSRATIO 75% SELLERS'MARKET
▶ MARKETSUMMARY Therewere1,680townhomelistingsintheVancouver RegioninMarch,37%aboveFebruaryand0.6%higher thanMarch2021. Marchtownhomesalesincreasedby37% month-over-month,to1,256,andwere24%belowMarch 2021. Thesales-to-listingratiofortownhomesintheVancouver Region,at75%,reflectedaselers'market. ThetownhomemedianpriceinMarchwas$1,000,000,a 2%decreasefromFebruaryand28%aboveMarch2021. Theaveragesoldpricewas$1,072,906,2.0%belowlast month;theaveragePSFsalepricewas$715,down4%to lastmonth.
AVERAGEPRICE
AVERAGE PSFPRICE ▲ 26% VS2021
MEDIANPRICE
TOTALLISTINGS
SALES
▲ 27% VS2021
▲ 28% VS2021
▲ 0.5% VS2021
▼ 24% VS2021
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No.
%Change
No.
%Change
TOTALLISTINGS TOTALSALES
1,256 1,680
1,663 1,670
26% 27% 28% -25% -24% 0.6%
75% 916 1,228
-4% -2% -2% 0.2% 37% 37%
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF
$715 $1,072,906 $1,000,000 75%
$566 $846,706 $779,900 100%
$742 $1,094,532 $1,025,000
▶ AVGPRICEPERSQUAREFOOT
▶ RECENTTRENDS
● MAR 2021 ● MAR 202
● SALES ● TOTALINVENTORY ● MEDIANPRICE
1,960
1,969
1,680
1,670 1,591
1,674
1,910
1,663
1,400
1,306
1,256
1,228
1,193
1,377
1,076
942
782
766
1,013
1,002
987
973
925
916
587
575
$1.00M $1.02M
$990K
$900K
$880K
$845K
$834K
$790K
$780K
$781K
$785K
$781K
$775K
VANCOUVERREGION REBGV
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELERS'MARKET 21%+
BALANCED 12-20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-LRATIO
600
246
100%+
4+bdrms
88%
382
500
73%
68%
400
687
60%
3bdrms
911
51%
300
200
30%
301
23%
2bdrms
358
100
0
29 22
<$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
20 6 30%
58 35 60%
277 141 51%
611 445 73%
294 330 112%
225 199 88%
124 84 68%
71 16 23%
Copyright©April7,202renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionofthereniegroupofcompanies.CurentasofApril7,202.AldatafromRealEstateBoardofGreaterVancouverand FraserValey&Renie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.reniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipientoftheinformationshouldtakestepsas therecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfromarennieandasociatesadvisor.Alinformationis subjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromreniegroupofcompanies.E.&O.E. 6 ●
vancouverregion CONDO-MARCH 202
SALESTO LISTINGSRATIO 77% SELLERS'MARKET
▶ MARKETSUMMARY
AVERAGEPRICE
AVERAGE PSFPRICE ▲ 19% VS2021
MEDIANPRICE
TOTALLISTINGS
SALES
▲ 18% VS2021
▲ 17% VS2021
▼ 24% VS2021
▼ 11% VS2021
Therewere4,074condolistingsintheVancouverRegion inMarch,13%aboveFebruaryand24%lowerthan March2021. Marchcondosalesincreasedby31%month-over-month, to3,117,andwere11%belowMarch2021.
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No.
%Change
No.
%Change
Thesales-to-listingratioforcondosintheVancouver Region,at77%,reflectedaselers'market.
TOTALLISTINGS TOTALSALES
3,117 4,074
3,507 5,355
19% 18% 17% 17% -11% -24%
2,383 3,620
16% 31% 13%
ThecondomedianpriceinMarchwas$685,000,a1.4% decreasefromFebruaryand17%aboveMarch2021. Theaveragesoldpricewas$773,917,3%belowlast month;theaveragePSFsalepricewas$902,down1.5% tolastmonth.
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF
$902 $773,917 $685,000 77%
$758 $657,256 $585,200 65%
$916 $795,509 $695,000 66%
-1.5% -3% -1.4%
▶ AVGPRICEPERSQUAREFOOT
▶ RECENTTRENDS
● MAR 2021 ● MAR 202
● SALES ● TOTALINVENTORY ● MEDIANPRICE
5,628
6,051
5,302
6,001
5,830
5,355
5,103
4,072
4,617
4,074
3,620
3,507
3,17
2,829
2,441
2,363
2,230
2,966
2,980
2,769
2,401
2,383
2,234
2,192
2,007
1,733
$695K
$685K
$671K
$628K
$620K
$608K
$598K
$585K
$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
1200
33 8
100%+
1000
4+bdrms
91%
84%
800
71%
203
57%
3bdrms
600
459
34%
400
1,710
24%
2bdrms
14%
2,250
200
0
1,196
<$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
157 112 71%
973 889 91%
1,034 1,135 110%
669 564 84%
370 212 57%
267 92 34%
283 67 24%
321 46 14%
1,332
Copyright©April7,202renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionofthereniegroupofcompanies.CurentasofApril7,202.AldatafromRealEstateBoardofGreaterVancouverand FraserValey&Renie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.reniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipientoftheinformationshouldtakestepsas therecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfromarennieandasociatesadvisor.Alinformationis subjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromreniegroupofcompanies.E.&O.E. 7 ●
greatervancouverboardarea DETACHED-MARCH 202
SALESTO LISTINGSRATIO 40% SELLERS'MARKET
▶ MARKETSUMMARY
AVERAGEPRICE
MEDIANPRICE
TOTALLISTINGS
SALES
▲ 16% VS2021
▲ 21% VS2021
▼ 11% VS2021
▼ 34% VS2021
Therewere3,253detachedlistingsintheGreater VancouverboardareainMarch,16%aboveFebruaryand 11%lowerthanMarch2021. Marchdetachedhomesalesincreasedby29% month-over-month,to1,300,andwere34%belowMarch 2021. Thesales-to-listingratiofordetachedintheGreater Vancouverboardarea,at40%,reflectedaselers'market. ThedetachedmedianpriceinMarchwas$2,000,000,a 0.7%decreasefromFebruaryand21%aboveMarch 2021. Theaveragesoldpricewas$2,277,636,0.4%belowlast monthandup16%toMarch2021.
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No.
%Change
%Change
No.
TOTALLISTINGS TOTALSALES
1,300 3,253
1,960 3,661
16% 21% -25% -34% -11%
11% 29% 16%
1,010 2,798
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE
$2,287,632 $2,013,500 36%
$2,277,636 $2,000,000 40%
$1,958,046 $1,650,000 54%
-0.4% -0.7%
▶ RATIOOFMEDIANPRICES
▶ RECENTTRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTALINVENTORY ● MEDIANPRICE
4,523
4,739
4,387
3,656
1.83
4,051
1.82
1.74
3,688
3,661
3,253
2,875
2,798
3,180
1.59
1.54
1.44
1,960
2,264
1,652
2,21
1,264
1,092
1,010
985
1,300
1,422
1,044
935
950
793
625
$2.00M $2.01M
$1.99M
$1.85M
$1.85M
$1.76M
$1.70M
$1.67M
$1.65M
$1.65M
$1.63M
$1.63M
$1.61M
Mar-21
Feb-22
Mar-22
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELERS'MARKET 21%+
BALANCED 12-20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY ● S-LRATIO
1400
1200
85%
1000
66%
65%
64%
800
62%
59%
600
33%
30%
400
17%
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+ 1,295 217 17%
S-LRATIO SALES INVENTORY
29 19 66%
30 9 30%
40 26 65%
53 45 85%
215 127 59%
669 414 62%
450 289 64%
472 154 33%
Copyright©April7,202renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionofthereniegroupofcompanies.CurentasofApril7,202.AldatafromRealEstateBoardof GreaterVancouverandFraserValey&Renie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycanotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipient oftheinformationshouldtakestepsastherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtained fromarennieandasociatesadvisor.Alinformationissubjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromrenniegroupofcompanies.E.&O.E.
●
8
greatervancouverboardarea TOWNHOME-MARCH 202
SALESTO LISTINGSRATIO 83% SELLERS'MARKET
▶ MARKETSUMMARY
AVERAGEPRICE
AVERAGE PSFPRICE ▲ 22% VS2021
MEDIANPRICE
TOTALLISTINGS
SALES
▲ 22% VS2021
▲ 27% VS2021
▼ 27% VS2021
▼ 28% VS2021
Therewere756townhomelistingsintheGreater VancouverboardareainMarch,26%aboveFebruaryand 27%lowerthanMarch2021. Marchtownhomesalesincreasedby35% month-over-month,to630,andwere29%belowMarch 2021. Thesales-to-listingratiofortownhomesintheGreater Vancouverboardarea,at83%,reflectedaselers'market. ThetownhomemedianpriceinMarchwas$1,144,500,a 4%increasefromFebruaryand27%aboveMarch2021. Theaveragesoldpricewas$1,176,371,1.7%belowlast month;theaveragePSFsalepricewas$817,down3%to lastmonth.
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No.
%Change
No. 78% 467 600
%Change
TOTALLISTINGS TOTALSALES
83% 630 756
86% 882 1,029
22% 22% 27% -3% -29% -27%
35% 26%
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF
4% 7%
$817 $1,176,371 $1,144,500
$841 $1,196,262 $1,102,000
$667 $962,654 $900,000
-3% -1.7%
▶ AVGPRICEPERSQUAREFOOT
▶ RECENTTRENDS
● MAR 2021 ● MAR 202
● SALES ● TOTALINVENTORY ● MEDIANPRICE
1,123 1,123
1,029
1,088
830
964
882
792
756 630
825
623
597
600
692
667
500
387
508
502
493
477
467
446
365
284
$1.14M $1.10M
$1.10M
$995K
$969K
$960K
$945K
$900K
$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
101
100%
100%+
4+bdrms
150
92%
89%
133
68%
66%
359
100
3bdrms
427
33%
50
151
23%
2bdrms
172
0
19
<$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
9 3 33%
22 22 100%
80 54 68%
171 153 89%
131 163 124%
156 143 92%
116 76 66%
71 16 23%
24
Copyright©April7,202renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionofthereniegroupofcompanies.CurentasofApril7,202.AldatafromRealEstateBoardofGreaterVancouverand FraserValey&Renie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.reniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipientoftheinformationshouldtakestepsas therecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfromarennieandasociatesadvisor.Alinformationis subjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromreniegroupofcompanies.E.&O.E. 9 ●
greatervancouverboardarea CONDO-MARCH 202
SALESTO LISTINGSRATIO 72% SELLERS'MARKET
▶ MARKETSUMMARY
AVERAGEPRICE
AVERAGE PSFPRICE ▲ 17% VS2021
MEDIANPRICE
TOTALLISTINGS
SALES
▲ 17% VS2021
▲ 16% VS2021
▼ 23% VS2021
▼ 14% VS2021
Therewere3,225condolistingsintheGreater VancouverboardareainMarch,13%aboveFebruaryand 23%lowerthanMarch2021. Marchcondosalesincreasedby24%month-over-month, to2,313,andwere14%belowMarch2021.
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No.
%Change
No.
%Change
Thesales-to-listingratioforcondosintheGreater Vancouverboardarea,at72%,reflectedaselers'market.
TOTALLISTINGS TOTALSALES
2,313 3,225
2,689 4,165
17% 17% 16% 11% -14% -23%
1,863 2,856
10% 24% 13%
ThecondomedianpriceinMarchwas$740,000,a0.7% increasefromFebruaryand16%aboveMarch2021. Theaveragesoldpricewas$834,025,1.5%belowlast month;theaveragePSFsalepricewas$969,up0.1%to lastmonth.
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF
$969 $834,025 $740,000 72%
$826 $715,492 $637,000 65%
$968 $847,003 $735,000 65%
0.1% -1.5% 0.7%
▶ AVGPRICEPERSQUAREFOOT
▶ RECENTTRENDS
● MAR 2021 ● MAR 202
● SALES ● TOTALINVENTORY ● MEDIANPRICE
4,486
4,397
4,780
4,714
4,465
4,165
4,166
3,412
3,838
3,225
2,689
2,856
2,048
2,313
2,546 1,863
1,827
1,808
2,396
2,283
1,785
1,678
1,632 1,630
1,464
1,316
$740K
$735K
$725K
$680K
$668K
$650K
$655K
$655K
$645K
$637K
$638K
$635K
$635K
REBGV
FVREB
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELERS'MARKET 21%+
BALANCED 12-20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-LRATIO
800
33 5
100%+
4+bdrms
90%
86%
600
74%
170
57%
3bdrms
404
400
33%
1,216
23%
200
2bdrms
14%
1,740
0
922
<$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
80 59 74%
540 484 90%
778 845 109%
623 533 86%
348 199 57%
259 86 33%
279 63 23%
318 44 14%
1,048
Copyright©April7,202renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionofthereniegroupofcompanies.CurentasofApril7,202.AldatafromRealEstateBoardofGreaterVancouverand FraserValey&Renie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.reniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipientoftheinformationshouldtakestepsas therecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfromarennieandasociatesadvisor.Alinformationis subjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromreniegroupofcompanies.E.&O.E. 10 ●
fraservaleyboardarea DETACHED-MARCH 202
SALESTO LISTINGSRATIO 46% SELLERS'MARKET
▶ MARKETSUMMARY Therewere2,226detachedlistingsintheFraserValey boardareainMarch,24%aboveFebruaryand3%lower thanMarch2021. Marchdetachedhomesalesincreasedby38% month-over-month,to1,028,andwere33%belowMarch 2021. Thesales-to-listingratiofordetachedintheFraserValey boardarea,at46%,reflectedaselers'market.
AVERAGEPRICE
MEDIANPRICE
TOTALLISTINGS
SALES
▲ 26% VS2021
▲ 28% VS2021
▼ 3% VS2021
▼ 33% VS2021
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No.
%Change
%Change
No.
TOTALLISTINGS TOTALSALES
1,028 2,226
1,530 2,304
26% 28% -30% -33% -3%
-5% -4% 11% 38% 24%
42% 747 1,788
ThedetachedmedianpriceinMarchwas$1,700,000,a 4%decreasefromFebruaryand28%aboveMarch2021.
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE
$1,828,675 $1,700,000 46%
$1,456,859 $1,330,500 66%
$1,926,698 $1,777,000
Theaveragesoldpricewas$1,828,675,5%belowlast monthandup26%toMarch2021.
▶ RATIOOFMEDIANPRICES
▶ RECENTTRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTALINVENTORY ● MEDIANPRICE
2,944
2,584
2,828
2,226
1.89
1.83
1.79
2,304
2,185
1,788
1.70
1,741
1.67
1.61
1,843
1,530
1,321
1,306
1,514
1,382
909
1,028
841
807
1,054
959
850
777
744
747
696
523
$1.70M $1.78M
$1.75M
$1.58M
$1.56M
$1.45M
$1.41M
$1.36M
$1.33M
$1.34M
$1.33M
$1.31M
$1.29M
Mar-21
Feb-22
Mar-22
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELERS'MARKET 21%+
BALANCED 12-20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY ● S-LRATIO
800
700
600
500
65%
61%
61%
400
49%
48%
47%
300
32%
200
16%
100
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
57 35 61%
8 0 n/a
37 18 49%
107 70 65%
374 178 48%
727 443 61%
335 156 47%
216 70 32%
365 58 16%
Copyright©April7,202renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionofthereniegroupofcompanies.CurentasofApril7,202.AldatafromRealEstateBoardof GreaterVancouverandFraserValey&Renie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycanotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipient oftheinformationshouldtakestepsastherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtained fromarennieandasociatesadvisor.Alinformationissubjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromrenniegroupofcompanies.E.&O.E.
●
11
fraservaleyboardarea TOWNHOME-MARCH 202
SALESTO LISTINGSRATIO 68% SELLERS'MARKET
▶ MARKETSUMMARY Therewere924townhomelistingsintheFraserValey boardareainMarch,47%aboveFebruaryand44% higherthanMarch2021. Marchtownhomesalesincreasedby39% month-over-month,to626,andwere19%belowMarch 2021. Thesales-to-listingratiofortownhomesintheFraser Valeyboardarea,at68%,reflectedaselers'market. ThetownhomemedianpriceinMarchwas$949,950,a 2%decreasefromFebruaryand35%aboveMarch2021. Theaveragesoldpricewas$968,781,2%belowlast month;theaveragePSFsalepricewas$612,down4%to lastmonth.
AVERAGEPRICE
AVERAGE PSFPRICE ▲ 36% VS2021
MEDIANPRICE
TOTALLISTINGS
SALES
▲ 36% VS2021
▲ 35% VS2021
▲ 44% VS2021
▼ 19% VS2021
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No. 775 641
%Change
No. 71% 449 628
%Change
TOTALLISTINGS TOTALSALES
68% 626 924
36% 36% 35% -44% -19% 44%
-4% -2% -2% -5% 39% 47%
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF
$450 $713,841 $705,000 121%
$612 $968,781 $949,950
$638 $988,723 $970,000
▶ AVGPRICEPERSQUAREFOOT
▶ RECENTTRENDS
● MAR 2021 ● MAR 202
● SALES ● TOTALINVENTORY ● MEDIANPRICE
872
924
846
787
775
710
706
759
626
552
641
514
628
509
567
438
416
512
479
449
447
320
409
376
291
200
$970K
$950K
$930K
$870K
$824K
$786K
$765K
$735K
$728K
$725K
$729K
$720K
$705K
FVREB
REBGV
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELERS'MARKET 21%+
BALANCED 12-20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-LRATIO
145
100%+
100%
400
4+bdrms
249
81%
300
66%
328
3bdrms
484
200
44%
36%
27%
150
2bdrms
100
186
0
5 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
11 3 27%
36 13 36%
197 87 44%
440 292 66%
163 167 102%
69 56 81%
8 8 100%
Copyright©April7,202renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionofthereniegroupofcompanies.CurentasofApril7,202.AldatafromRealEstateBoardofGreaterVancouverand FraserValey&Renie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.reniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipientoftheinformationshouldtakestepsas therecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfromarennieandasociatesadvisor.Alinformationis subjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromreniegroupofcompanies.E.&O.E. 12 ●
fraservaleyboardarea CONDO-MARCH 202
SALESTO LISTINGSRATIO 94% SELLERS'MARKET
▶ MARKETSUMMARY Therewere849condolistingsintheFraserValeyboard areainMarch,11%aboveFebruaryand29%lowerthan March2021. Marchcondosalesincreasedby55%month-over-month, to802,andwere0.5%belowMarch2021.
AVERAGEPRICE
AVERAGE PSFPRICE ▲ 34% VS2021
MEDIANPRICE
TOTALLISTINGS
SALES
▲ 30% VS2021
▲ 30% VS2021
▼ 28% VS2021
▼ 0.4% VS2021
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No.
%Change
No. 68% 518 764
%Change
Thesales-to-listingratioforcondosintheFraserValey boardarea,at94%,reflectedaselers'market.
TOTALLISTINGS TOTALSALES
94% 802 849
68% 806 1,190
34% 30% 30% 39% -0.5% -29%
39% 55% 11%
ThecondomedianpriceinMarchwas$570,000,a0.2% decreasefromFebruaryand30%aboveMarch2021. Theaveragesoldpricewas$599,563,1.5%belowlast month;theaveragePSFsalepricewas$708,down3%to lastmonth.
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF
$708 $599,563 $570,000
$728 $608,945 $571,250
-3% -1.5% -0.2%
$530 $462,864 $438,000
▶ AVGPRICEPERSQUAREFOOT
▶ RECENTTRENDS
● MAR 2021 ● MAR 202
● SALES ● TOTALINVENTORY ● MEDIANPRICE
1,271
1,344
1,163
1,287
1,190
905
778
937
849
764
806
660
802
779
598
542
689
614
614
562 555
555
518
416
420
373
$571K
$570K
$565K
$529K
$510K
$481K
$473K
$465K
$450K
$450K
$450K
$446K
$438K
FVREB
REBGV
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELERS'MARKET 21%+
BALANCED 12-20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-LRATIO
3
100%+
100%
400
94%
4+bdrms
75%
300
69%
67%
67%
33
3bdrms
55
50%
200
492
2bdrms
100
510
0
274
<$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
77 53 69%
433 405 94%
256 290 113%
46 31 67%
22 11 50%
8 6 75%
4 4 100%
3 2 67%
284
Copyright©April7,202renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionofthereniegroupofcompanies.CurentasofApril7,202.AldatafromRealEstateBoardofGreaterVancouverand FraserValey&Renie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.reniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipientoftheinformationshouldtakestepsas therecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfromarennieandasociatesadvisor.Alinformationis subjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromreniegroupofcompanies.E.&O.E. 13 ●
burnabynorth DETACHED-MARCH 202
SALESTO LISTINGSRATIO 46% SELLERS'MARKET
▶ MARKETSUMMARY Therewere87detachedlistingsinBurnabyNorthin March,36%aboveFebruaryand26%lowerthanMarch 2021. Marchdetachedhomesalesdecreasedby15% month-over-month,to40,andwere39%belowMarch 2021. Thesales-to-listingratiofordetachedinBurnabyNorth, at46%,reflectedaselers'market.
AVERAGEPRICE
MEDIANPRICE
TOTALLISTINGS
SALES
▲ 25% VS2021
▲ 28% VS2021
▼ 26% VS2021
▼ 39% VS2021
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No.
%Change
%Change
No.
TOTALLISTINGS TOTALSALES
40 87
$1,894,889 $1,800,000 56% 66 117
25% 28% -18% -39% -26%
-37% -15% 36%
47 64
ThedetachedmedianpriceinMarchwas$2,295,500,a 8%increasefromFebruaryand28%aboveMarch2021.
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE
$2,193,384 $2,120,000 73%
$2,360,801 $2,295,500 46%
8% 8%
Theaveragesoldpricewas$2,360,801,8%abovelast monthandup25%toMarch2021.
▶ RATIOOFMEDIANPRICES
▶ RECENTTRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTALINVENTORY ● MEDIANPRICE
154
161
157
2.42
2.35
2.34
121
100
17
87
105
80
76
84
64
66
53
45
61
59
38
40
48
47
33
1.27
32
30
27
1.18
1.16
17
$2.30M $2.12M $2.17M
$1.99M
$1.92M
$1.93M
$1.80M
$1.80M
$1.81M
$1.82M
$1.78M
$1.70M
$1.68M
Mar-21
Feb-22
Mar-22
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELERS'MARKET 21%+
BALANCED 12-20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY ● S-LRATIO
25
85%
20
15
50%
10
35%
22%
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
1 0 n/a
22 11 50%
20 17 85%
27 6 22%
17 6 35%
Copyright©April7,202renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionofthereniegroupofcompanies.CurentasofApril7,202.AldatafromRealEstateBoardof GreaterVancouverandFraserValey&Renie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycanotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipient oftheinformationshouldtakestepsastherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtained fromarennieandasociatesadvisor.Alinformationissubjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromrenniegroupofcompanies.E.&O.E.
●
14
burnabynorth TOWNHOME-MARCH 202
SALESTO LISTINGSRATIO 206% SELLERS'MARKET
▶ MARKETSUMMARY Therewere16townhomelistingsinBurnabyNorthin March,36%belowFebruaryand71%lowerthanMarch 2021. Marchtownhomesalesincreasedby94% month-over-month,to33,andwere37%belowMarch 2021. Thesales-to-listingratiofortownhomesinBurnaby North,at206%,reflectedaselers'market. ThetownhomemedianpriceinMarchwas$950,000,a 5%increasefromFebruaryand24%aboveMarch2021. Theaveragesoldpricewas$936,237,2%belowlast month;theaveragePSFsalepricewas$748,up3%to lastmonth.
AVERAGEPRICE
AVERAGE PSFPRICE ▲ 19% VS2021
MEDIANPRICE
TOTALLISTINGS
SALES
▲ 19% VS2021
▲ 24% VS2021
▼ 71% VS2021
▼ 37% VS2021
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No.
%Change
No.
%Change
TOTALLISTINGS TOTALSALES
33 16
52 56
122% -37% -71%
17 25
3% -2% 5% 203% 94% -36%
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF
$748 $936,237 $950,000 206%
$626 $787,979 $767,500 93%
$724 $959,518 $905,000 68%
19% 19% 24%
▶ AVGPRICEPERSQUAREFOOT
▶ RECENTTRENDS
● MAR 2021 ● MAR 202
● SALES ● TOTALINVENTORY ● MEDIANPRICE
64
56
54
54
57
52
51
38 37
34
33
33
40
26
33
25
18 18
25
24
23
18
17
16
12
1
$950K
$919K
$905K
$896K
$883K
$857K
$847K
$800K
$789K
$775K
$768K
$750K
$750K
BURNABYNORTH REBGV
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELERS'MARKET 21%+
BALANCED 12-20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-LRATIO
12
2 2
100%+ 100%+ 100%+ 100%+ 100%
4+bdrms
10
8
15
3bdrms
8
6
4
14
2bdrms
6
2
0
2
<$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
2 3 150%
2 5 250%
5 11 220%
3 12 400%
2 2 100%
2 0 n/a
Copyright©April7,202renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionofthereniegroupofcompanies.CurentasofApril7,202.AldatafromRealEstateBoardofGreaterVancouverand FraserValey&Renie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.reniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipientoftheinformationshouldtakestepsas therecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfromarennieandasociatesadvisor.Alinformationis subjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromreniegroupofcompanies.E.&O.E. 15 ●
burnabynorth CONDO-MARCH 202
SALESTO LISTINGSRATIO 90% SELLERS'MARKET
▶ MARKETSUMMARY Therewere200condolistingsinBurnabyNorthin March,14%aboveFebruaryand27%lowerthanMarch 2021. Marchcondosalesincreasedby13%month-over-month, to180,andwere10%belowMarch2021.
AVERAGEPRICE
AVERAGE PSFPRICE ▲ 20% VS2021
MEDIANPRICE
TOTALLISTINGS
SALES
▲ 18% VS2021
▲ 15% VS2021
▼ 27% VS2021
▼ 10% VS2021
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No. 73% 200 273
%Change
No. 91% 160 176
%Change
Thesales-to-listingratioforcondosinBurnabyNorth,at 90%,reflectedaselers'market.
TOTALLISTINGS TOTALSALES
90% 180 200
20% 18% 15% 23% -10% -27%
13% 14%
ThecondomedianpriceinMarchwas$750,000,a4% decreasefromFebruaryand15%aboveMarch2021. Theaveragesoldpricewas$783,467,2%belowlast month;theaveragePSFsalepricewas$945,down1.4% tolastmonth.
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF
-1.4% -2% -4% -1%
$945 $783,467 $750,000
$958 $801,659 $777,950
$789 $664,528 $649,500
▶ AVGPRICEPERSQUAREFOOT
▶ RECENTTRENDS
● MAR 2021 ● MAR 202
● SALES ● TOTALINVENTORY ● MEDIANPRICE
284
304 302 297
273
290
275
208
230
182
200
200
176
167
180
132
127
124
160
145
143
17
13 13
104
101
$778K
$750K
$693K
$700K
$665K
$655K
$650K
$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
80
100%+
100%+ 100%+
100%
70
4+bdrms
91%
60
50
64%
11 10
3bdrms
40
30
38%
114
20
2bdrms
130
13%
10
0
56
<$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 2 200%
53 34 64%
76 69 91%
40 51 128%
13 19 146%
8 3 38%
8 1 13%
1 1 100%
59
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