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.
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