the rennie review- December 2022

burnabynorth TOWNHOME-NOVEMBER 202

SALES TO LISTINGSRATIO 55% SELLERS'M ARKET

▶ MARKETSUMMARY Therewere31 townhom elistingsin BurnabyN orth in N ovem ber,31% below O ctoberand 19% higherthan N ovem ber2021. N ovem bertownhom esalesincreased by42% m onth-over-m onth,to17,and were26% below N ovem ber2021. Thesales-to-listing ratio fortow nhom esin Burnaby N orth,at55% ,reflected aselers'm arket. Thetownhom em edian pricein N ovem berwas$875,000, a13% increasefrom O ctoberand 17% aboveN ovem ber 2021. Theaveragesold pricewas$869,741,11% abovelast m onth;theaveragePSF salepricewas$646,up 10% to lastm onth.

AVERAGEPRICE

AVERAGE PSF PRICE ▼ 4% VS 2021

MEDIAN PRICE

TOTALLISTINGS

SALES

▲ 12% VS 2021

▲ 17% VS 2021

▲ 19% VS 2021

▼ 26% VS 2021

THISMONTH No.

PREVIOUSYEAR

PREVIOUSMONTH

No.

% Change

No.

% Change

TOTALLISTINGS TOTALSALES

17 31

23 26

-4% 12% 17% -38% -26% 19%

12 45

10% 11% 13% 106% 42% -31%

SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF

$646 $869,741 $875,000 55%

$673 $778,304 $750,000 88%

$588 $785,729 $775,000 27%

▶ AVG PRICEPERSQUAREFOOT

▶ RECENTTRENDS

● NOV 2021 ● NOV 202

● SALES ● TOTALINVENTORY ● MEDIAN PRICE

45

38

35

39

33

36

29

26

31

25

23

23

18

17

15

17

18

12

17

16

12

12

12

1

8

5

$969K

$950K $989K $978K

$875K

$857K $883K $905K

$860K

$770K $748K $775K

$750K

BURNABYNORTH REBGV

▶ NUMBEROFBEDROOMS

▶ TOTALLISTINGS&SALESBYPRICERANGE

SEL ERS'MARKET 21% +

BALANCED 12 - 20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY

● SALES ● TOTALINVENTORY ● S-L RATIO

12

1

100%

4+ bdrms

10

6

83%

8

10

3 bdrms

17

6

33%

4

6

2 bdrms

8

2

13%

0

<$400K $400-599K $600-799K $800-999K $1.0M -1.24M $1.25M -1.49M $1.5M -1.99M $2M +

<2 bdrms

S-L RATIO SALES INVENTORY

1 0 n/a

5 5 100%

12 10 83%

8 1 13%

3 1 33%

2 0 n/a

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