the rennie review- December 2022

burnabynorth DETACHED -NOVEMBER 202

SALES TO LISTINGSRATIO 21% BALANCEDMARKET

▶ MARKETSUMMARY Therewere92 detachedlistingsin BurnabyN orth in N ovem ber,3% below O ctoberand 15% higherthan N ovem ber2021. N ovem berdetached hom esalesdecreased by21% m onth-over-m onth,to19,and were41% below N ovem ber2021. Thesales-to-listing ratio fordetached in Burnaby N orth, at21% ,reflected abalanced m arket. Thedetached m edian pricein N ovem berwas $1,955,000,a4% decreasefrom O ctoberand 1.3% above N ovem ber2021. Theaveragesold pricewas$2,188,600,6% abovelast m onth and up 1.8% toN ovem ber2021.

AVERAGEPRICE

MEDIAN PRICE

TOTALLISTINGS

SALES

▲ 1.8% VS 2021

▲ 1.3% VS 2021

▲ 15% VS 2021

▼ 41% VS 2021

THISMONTH No.

PREVIOUSYEAR

PREVIOUSMONTH

No.

% Change

No.

% Change

TOTALLISTINGS TOTALSALES

19 92

32 80

1.8% 1.3% -48% -41% 15%

24 95

-18% -21% -3%

SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE

$2,188,600 $1,955,000 21%

$2,064,174 $2,041,250 25%

$2,150,391 $1,929,000 40%

6% -4%

▶ RATIO OFMEDIAN PRICES

▶ RECENTTRENDS

● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO

● SALES ● TOTALINVENTORY ● MEDIAN PRICE

131

122

18

15

2.63

2.57

109

87

92

80

95

93

2.23

64

61 47

59 33

37

30

28

40

25

32

24

1.24

19

1.17

22

1.12

17

16

$2.30M

$2.17M $2.12M

$2.13M $2.20M $2.04M $2.08M

$2.04M $1.96M

$1.93M $1.99M

$1.75M $1.71M

Nov-21

Oct-22

Nov-22

▶ TOTALLISTINGS&SALESBYPRICERANGE

SEL ERS'MARKET 21% +

BALANCED 12 - 20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY ● S-L RATIO

35

100%+

30

25

20

15

10

24%

23%

18%

5

4%

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-L RATIO SALES INVENTORY

1 3 300%

33 8 24%

22 4 18%

13 3 23%

23 1 4%

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