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
Copyright©April7,202renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionofthereniegroupofcompanies.CurentasofApril7,202.AldatafromRealEstateBoardofGreaterVancouverand FraserValey&Renie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.reniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipientoftheinformationshouldtakestepsas therecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfromarennieandasociatesadvisor.Alinformationis subjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromreniegroupofcompanies.E.&O.E. 16 ●
Made with FlippingBook - professional solution for displaying marketing and sales documents online