DATA DRIVEN INSIGHTS INTO SALES, LISTINGS, & PRICING TRENDS FOR SUB MARKETS IN THE VANCOUVER REGION the rennie review
published December 2021
table of contents
02 INTRO
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.
03 WHAT YOU NEED TO KNOW
04 FEATURED LISTINGS
NEIGHBOURHOOD PROFILES
05 08 11 14 17 20 23 26 29 32 35 38 41 44 47
Vancouver Region
Greater Vancouver Board Area Fraser Valley Board Area
Burnaby North Burnaby South
Ryan Berlin DIRECTOR OF INTELLIGENCE & SENIOR ECONOMIST rberlin@rennie.com
Ryan Wyse SENIOR ANALYST rwyse@rennie.com
Coquitlam
Langley
New Westminster North Vancouver
Richmond Squamish
Surrey
Vancouver East Vancouver West West Vancouver
52 CURRENT PROJECTS
Copyright © 2021 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 December 6, 2021. 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 All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies.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
Uncharted territory for Vancouver’s housing market
Through the first eleven months of 2021, the Vancouver Region has surpassed its previous whole- year record for MLS sales. With inventory levels continuing to sag to new record lows, sellers’ market conditions are deepening.
inventory tally in 2021’s final month could be somewhat jarring. As the holiday season approaches and would-be sellers focus on decorating their homes rather than staging them, it sure seems likely that we will see inventory continue to decline through to the end of the year, to a number that perhaps seemed unthinkable at this time a year ago. The challenging environment that currently faces would-be buyers (and sellers looking to make a move—but who are unwilling to list for fear that they promptly sell and then are not able to buy) is showing few signs of changing course. Without a substantial influx of new listings, these conditions are likely to continue into at least the early part of 2022.
There has been much discussion of late about the scarcity of inventory in our local housing market (particularly in this space) and the challenges it presents for would-be buyers and sellers. In spite of these challenges and others—most notably affordability—the Vancouver housing market continues to roll along and find a way to reach new heights of activity. While the discussion around sales has taken a backseat to inventory since the pace of sales slowed from its frenetic pace in the spring, sales have continued to trend at historically elevated levels. This has resulted in 2021’s total MLS sales count, through November, reaching 66,290—breaking the previous record for full-year sales set in 2016. And with December still to come, it’s likely that we’ll surpass 70,000 sales for the first time.
The story specifically for the month of November is similar to the year-to-date tale, with last month’s sales count of 5,329 representing a 4% increase over an already- elevated total in November 2020, and the highest of any November since 1989. These sales were achieved in spite of the fact that we entered November with record-low inventory. The pace of new listings was not able to build on October’s inventory, with November’s 9,530 listings setting a new November record-low for this region. This November is the first time inventory has dipped below 10,000 in any month that wasn’t a December. And of the previous two Decembers where it occurred, the preceding November had an inventory count above 13,000. With the typical seasonal pattern of inventory decline between November and December sitting at 27%, the final
Copyright © 2021 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 December 6, 2021. 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
featured listings SEARCH FOR THE HOME YOU LOVE AT RENNIE.COM
House
House
House
$13,998,000 | WEST VAN
$4,988,900 | KERRISDALE
$4,498,000 | WEST VAN
1139 Millstream Road 7 Bed, 9,041 SF Jason Soprovich 604.817.8812
6398 Canarvon Street 7 Bed, 7,403 SF
4309 Erwin Drive 6 BD, 4,037 SF Eric Langhjelm 778.688.4149
Shirley Seto 604.866.9193
The Pacific
City Gate 1
Pomaria
$3,389,900 | YALETOWN 2703 - 889 Pacific Street 3 Bed, 1,576 SF
$2,999,999 | MT. PLEASANT 10 - 1182 Quebec Street 3 Bed, 2,026 SF Lorenzo Daminato PREC* 604.657.8121
$2,278,000 | YALETOWN 2703 - 1455 Howe Street 2 Bed, 1,292 SF
Deanna Lythgo PREC* 778.840.3170
Salina Kai PREC* 604.773.7013
Primrose
House
House
$1,699,000 | CAMBIE 405 - 4908 Cambie Street 3 Bed, 1,054 SF Christopher Boyd PREC* 604.351.0533
$1,599,900 | NEW WEST
$2,698,000 | SQUAMISH 2914 Huckleberry Drive 6 Bed, 4,510 SF Shawn Wentworth PREC* 604.379.6731
131 Rickman Place 5 Bed, 2,768 SF Hanson Lu PREC* 604.787.2578
Polaris Metrotown
Parkview Place $1,399,000 | WEST VAN
Camera
$1,325,900 | BURNABY SOUTH 3505 - 6699 Dunblane Avenue 2 Bed, 1,011 SF
$1,149,800 | FAIRVIEW 309 - 1675 W. 8th Avenue 2 Bed, 1,072 SF
3 - 1891 Marine Drive 2 Bed, 1,021 SF Shannon Pickering 604.812.1887
Amy Chan 604.992.2101
Danny Chow PREC* 604.765.2469
Navio
Park Boulevard $728,000 | SURREY 804 - 9887 Whalley Boulevard 2 Bed, 827 SF Ester Hsieh PREC* 778.552.4921 Clarke & Como $989,900 | COQUITLAM 3305 - 567 Clarke Road 3 Bed, 875 SF Reggie Tanzola PREC* 778.917.6889
Maynards Block $948,800 | VAN WEST 903 - 445 West 2nd Avenue
$999,000 | MT. PLEASANT 308 - 1688 Pullman Porter Street 1 Bed, 802 SF
2 Bed + Flex, 840 SF Irene De Guzman 604.720.1996
Miguel Faulkner 778.866.2260
Opsal $719,900 | MT. PLEASANT 1804 - 1775 Quebec Street 1 Bed, 569 SF Brandon Blue PREC* 604.999.7792
Icon One
$799,999 | YALETOWN 1006 - 638 Beach Crescent 1 Bed, 670 SF
Irina Klann 604.803.7286
Copyright © 2021 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 December 6, 2021. 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-NOVEMBER 2021
SALESTO LISTINGSRATIO 43% SELLERS'MARKET
▶ MARKETSUMMARY Therewere4,182detachedlistingsintheVancouver RegioninNovember,11%belowOctoberand30%lower thanNovember2020. Novemberdetachedhomesalesdecreasedby4% month-over-month,to1,798,andwere15%below November2020. Thesales-to-listingratiofordetachedintheVancouver Region,at43%,reflectedaselers'market. ThedetachedmedianpriceinNovemberwas $1,686,750,a5%increasefromOctoberand33%above November2020. Theaveragesoldpricewas$1,963,614,5%abovelast monthandup31%toNovember2020.
AVERAGEPRICE
MEDIANPRICE
TOTALLISTINGS
SALES
▲ 31% VS2020
▲ 33% VS2020
▼ 30% VS2020
▼ 15% VS2020
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No.
%Change
No.
%Change
TOTALLISTINGS TOTALSALES
1,798 4,182
2,116 5,980
31% 33% 22% -15% -30%
1,881 4,695
5% 5% 7% -4% -11%
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE
$1,963,614 $1,686,750 43%
$1,863,750 $1,600,000 40%
$1,501,549 $1,270,000 35%
▶ RATIOOFMEDIANPRICES
▶ RECENTTRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTALINVENTORY ● MEDIANPRICE
7,569
7,107
7,333
5,980
5,968
1.91
1.91
1.88
5,397
6,236
5,531
4,695
4,182
4,502
3,503
4,379
4,282
1.43
1.40
2,750
3,039
1,997
1.25
1,881
2,16
2,418
1,798
2,227
1,899
1,791
1,698
1,489
$1.69M
$1.60M
$1.54M
$1.50M
$1.48M $1.41M
$1.48M
$1.46M
$1.45M
$1.45M
$1.35M
$1.30M
$1.27M
Nov-20
Oct-21
Nov-21
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELERS'MARKET 21%+
BALANCED 12-20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY ● S-LRATIO
1500
95%
87%
81%
67%
1000
51%
44%
42%
500
27%
12%
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+ 1,600 199 12%
S-LRATIO SALES INVENTORY
91 46 51%
45 20 44%
94 63 67%
159 139 87%
351 335 95%
766 623 81%
540 227 42%
536 146 27%
Copyright©December6,2021renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofDecember6,2021.AldatafromRealEstate BoardofGreaterVancouverandFraserValey&Rennie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycanotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.The recipientoftheinformationshouldtakestepsastherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbe obtainedfromarennieandasociatesadvisor.Alinformationissubjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromrenniegroupofcompanies.E.&O.E.
●
5
vancouverregion TOWNHOME-NOVEMBER 2021
SALESTO LISTINGSRATIO 95% SELLERS'MARKET
▶ MARKETSUMMARY Therewere1,011townhomelistingsintheVancouver RegioninNovember,10%belowOctoberand55%lower thanNovember2020. Novembertownhomesalesdecreasedby5% month-over-month,to960,andwere10%below November2020. Thesales-to-listingratiofortownhomesintheVancouver Region,at95%,reflectedaselers'market. ThetownhomemedianpriceinNovemberwas$885,000, a4%increasefromOctoberand33%aboveNovember 2020. Theaveragesoldpricewas$981,469,7%abovelast month;theaveragePSFsalepricewas$656,up7%to lastmonth.
AVERAGEPRICE
AVERAGE PSFPRICE ▲ 33% VS2020
MEDIANPRICE
TOTALLISTINGS
SALES
▲ 32% VS2020
▲ 33% VS2020
▼ 55% VS2020
▼ 10% VS2020
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No.
%Change
No.
%Change
TOTALLISTINGS TOTALSALES
95% 960 1,011
1,071 2,262
101% -10% -55%
1,011 1,126
7% 7% 4% 6% -5% -10%
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF
$494 $742,827 $665,000 47%
$615 $915,923 $849,900 90%
$656 $981,469 $885,000
33% 32% 33%
▶ AVGPRICEPERSQUAREFOOT
▶ RECENTTRENDS
● NOV 2020 ● NOV 2021
● SALES ● TOTALINVENTORY ● MEDIANPRICE
2,262
2,039
2,026
1,980
1,747
1,727
1,643
1,608
1,487
1,414
1,682
1,357
1,588
1,441
1,405
1,126
1,013
1,071
1,204
1,01
1,020
1,01
998
960
943
836
$885K
$850K
$839K
$788K
$790K
$780K
$785K
$782K
$776K
$720K
$688K
$665K
$671K
VANCOUVERREGION REBGV
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELERS'MARKET 21%+
BALANCED 12-20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-LRATIO
350
177 178
100%+
100%+ 100%+
95%
4+bdrms
300
75%
250
551
200
3bdrms
563
46%
150
40%
27%
218
100
2bdrms
248
50
0
13
<$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
13 6 46%
57 64 112%
246 234 95%
267 352 132%
130 150 115%
125 94 75%
102 41 40%
71 19 27%
23
Copyright©December6,2021renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofDecember6,2021.AldatafromRealEstateBoardofGreater VancouverandFraserValey&Renie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipientoftheinformationshould takestepsastherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfromarennieandasociatesadvisor.Al informationissubjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromreniegroupofcompanies.E.&O.E. 6 ●
vancouverregion CONDO-NOVEMBER 2021
SALESTO LISTINGSRATIO 60% SELLERS'MARKET
▶ MARKETSUMMARY Therewere4,070condolistingsintheVancouverRegion inNovember,12%belowOctoberand45%lowerthan November2020. Novembercondosalesincreasedby3% month-over-month,to2,443,andwere36%above November2020. Thesales-to-listingratioforcondosintheVancouver Region,at60%,reflectedaselers'market. ThecondomedianpriceinNovemberwas$619,900,a 2.0%increasefromOctoberand17%aboveNovember 2020. Theaveragesoldpricewas$690,479,0.2%abovelast month;theaveragePSFsalepricewas$808,up2%to lastmonth.
AVERAGEPRICE
AVERAGE PSFPRICE ▲ 16% VS2020
MEDIANPRICE
TOTALLISTINGS
SALES
▲ 15% VS2020
▲ 17% VS2020
▼ 45% VS2020
▲ 36% VS2020
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No.
%Change
No.
%Change
TOTALLISTINGS TOTALSALES
2,443 4,070
1,797 7,335
16% 15% 17% 145% 36% -45%
2,363 4,615
2% 0.2% 2% 17% 3% -12%
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF
$808 $690,479 $619,900 60%
$699 $598,834 $532,000 24%
$789 $688,875 $608,000 51%
▶ AVGPRICEPERSQUAREFOOT
▶ RECENTTRENDS
● NOV 2020 ● NOV 2021
● SALES ● TOTALINVENTORY ● MEDIANPRICE
7,335
6,051
6,001
5,830
5,628
5,595
5,302
5,697
5,402
5,355
5,103
4,615
4,070
3,507
2,829
2,363
2,980
2,443
1,936
2,435
2,402
1,797
2,234 2,230
2,193
1,560
$620K
$608K
$598K
$588K
$590K
$585K
$583K
$574K
$575K
$550K
$542K
$532K
$530K
VANCOUVERREGION REBGV
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELERS'MARKET 21%+
BALANCED 12-20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-LRATIO
1000
40 2
4+bdrms
92%
85%
800
76%
164
600
3bdrms
467
43%
400
36%
1,385
22%
2bdrms
200
15%
2,379
7%
0
892
<$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
247 187 76%
1,020 936 92%
912 774 85%
704 304 43%
344 124 36%
246 54 22%
266 40 15%
331 24 7%
1,184
Copyright©December6,2021renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofDecember6,2021.AldatafromRealEstateBoardofGreater VancouverandFraserValey&Renie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipientoftheinformationshould takestepsastherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfromarennieandasociatesadvisor.Al informationissubjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromreniegroupofcompanies.E.&O.E. 7 ●
greatervancouverboardarea DETACHED-NOVEMBER 2021
SALESTO LISTINGSRATIO 34% SELLERS'MARKET
▶ MARKETSUMMARY
AVERAGEPRICE
MEDIANPRICE
TOTALLISTINGS
SALES
▲ 25% VS2020
▲ 25% VS2020
▼ 23% VS2020
▼ 7% VS2020
Therewere2,876detachedlistingsintheGreater VancouverboardareainNovember,10%belowOctober and23%lowerthanNovember2020. Novemberdetachedhomesalesdecreasedby10% month-over-month,to988,andwere7%below November2020. Thesales-to-listingratiofordetachedintheGreater Vancouverboardarea,at34%,reflectedaselers'market. ThedetachedmedianpriceinNovemberwas $1,850,000,a5%increasefromOctoberand25%above November2020. Theaveragesoldpricewas$2,186,986,6%abovelast monthandup25%toNovember2020.
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No.
%Change
No.
%Change
TOTALLISTINGS TOTALSALES
34% 988 2,876
1,063 3,742
25% 25% 21% -7% -23%
1,093 3,181
-10% -10%
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE
$2,069,263 $1,755,000 34%
6% 5% 0%
$1,747,558 $1,484,000 28%
$2,186,986 $1,850,000
▶ RATIOOFMEDIANPRICES
▶ RECENTTRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTALINVENTORY ● MEDIANPRICE
4,523
4,741
4,389
3,742
3,664
3,656
1.88
4,051
1.85
1.85
3,688
3,181
2,876
2,905
2,864
2,762
1.50
1.45
1,960
1,652
1.34
1,264
1,093
1,020
1,422
1,063
988
1,223
1,044
937
951
739
$1.85M
$1.76M
$1.70M
$1.67M
$1.65M $1.60M
$1.65M
$1.63M
$1.63M
$1.61M
$1.52M
$1.50M
$1.48M
Nov-20
Oct-21
Nov-21
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELERS'MARKET 21%+
BALANCED 12-20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY ● S-LRATIO
1400
1200
87%
1000
75%
73%
800
600
47%
41%
40%
31%
400
26%
12%
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+ 1,277 153 12%
S-LRATIO SALES INVENTORY
35 14 40%
32 10 31%
58 27 47%
69 52 75%
167 145 87%
450 327 73%
378 154 41%
410 106 26%
Copyright©December6,2021renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofDecember6,2021.AldatafromRealEstate BoardofGreaterVancouverandFraserValey&Rennie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycanotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.The recipientoftheinformationshouldtakestepsastherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbe obtainedfromarennieandasociatesadvisor.Alinformationissubjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromrenniegroupofcompanies.E.&O.E.
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8
greatervancouverboardarea TOWNHOME-NOVEMBER 2021
SALESTO LISTINGSRATIO 82% SELLERS'MARKET
▶ MARKETSUMMARY
AVERAGEPRICE
AVERAGE PSFPRICE ▲ 27% VS2020
MEDIANPRICE
TOTALLISTINGS
SALES
▲ 30% VS2020
▲ 27% VS2020
▼ 50% VS2020
▼ 3% VS2020
Therewere634townhomelistingsintheGreater VancouverboardareainNovember,12%belowOctober and50%lowerthanNovember2020.
Novembertownhomesalesincreasedby4% month-over-month,to520,andwere3%below November2020.
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No.
%Change
No. 70% 502 717
%Change
Thesales-to-listingratiofortownhomesintheGreater Vancouverboardarea,at82%,reflectedaselers'market. ThetownhomemedianpriceinNovemberwas$999,900, a5%increasefromOctoberand27%aboveNovember 2020. Theaveragesoldpricewas$1,114,927,7%abovelast month;theaveragePSFsalepricewas$758,up4%to lastmonth.
TOTALLISTINGS TOTALSALES
82% 520 634
43% 536 1,260
27% 30% 27% 93% -3% -50%
4% 7% 5% 17% 4% -12%
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF
$758 $1,114,927 $999,900
$732 $1,040,224 $949,900
$597 $857,705 $790,000
▶ AVGPRICEPERSQUAREFOOT
▶ RECENTTRENDS
● NOV 2020 ● NOV 2021
● SALES ● TOTALINVENTORY ● MEDIANPRICE
1,193
1,193
1,260
1,154
1,086
956
901
1,037
847
843
956
929
889
634
717
634 520
706
506
536
616
519 507
494 502
372
$1000K
$970K
$950K
$901K
$910K
$909K
$900K
$900K
$900K
$900K
$816K
$790K
$791K
REBGV
FVREB
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELERS'MARKET 21%+
BALANCED 12-20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-LRATIO
140
76
100%+
100%+ 100%+
97%
4+bdrms
99
120
73%
100
320
3bdrms
80
335
60
39%
118
25%
40
2bdrms
182
20
0
6
<$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
6 0 n/a
22 26 118%
95 92 97%
124 145 117%
96 112 117%
121 88 73%
99 39 39%
71 18 25%
18
Copyright©December6,2021renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofDecember6,2021.AldatafromRealEstateBoardofGreater VancouverandFraserValey&Renie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipientoftheinformationshould takestepsastherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfromarennieandasociatesadvisor.Al informationissubjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromreniegroupofcompanies.E.&O.E. 9 ●
greatervancouverboardarea CONDO-NOVEMBER 2021
SALESTO LISTINGSRATIO 54% SELLERS'MARKET
▶ MARKETSUMMARY
AVERAGEPRICE
AVERAGE PSFPRICE ▲ 13% VS2020
MEDIANPRICE
TOTALLISTINGS
SALES
▲ 14% VS2020
▲ 13% VS2020
▼ 41% VS2020
▲ 34% VS2020
Therewere3,411condolistingsintheGreater VancouverboardareainNovember,11%belowOctober and41%lowerthanNovember2020. Novembercondosalesincreasedby1.2% month-over-month,to1,829,andwere34%above November2020. Thesales-to-listingratioforcondosintheGreater Vancouverboardarea,at54%,reflectedaselers'market. ThecondomedianpriceinNovemberwas$667,500,a 1.9%increasefromOctoberand13%aboveNovember 2020. Theaveragesoldpricewas$744,787,0.3%belowlast month;theaveragePSFsalepricewas$872,up3%to lastmonth.
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No.
%Change
No.
%Change
TOTALLISTINGS TOTALSALES
1,829 3,411
1,367 5,736
13% 14% 13% 125% 34% -41%
1,808 3,836
3% -0.3% 1.9% 14% 1.2% -11%
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF
$872 $744,787 $667,500 54%
$773 $655,133 $590,000 24%
$850 $746,758 $655,000 47%
▶ AVGPRICEPERSQUAREFOOT
▶ RECENTTRENDS
● NOV 2020 ● NOV 2021
● SALES ● TOTALINVENTORY ● MEDIANPRICE
5,736
4,780
4,714
4,486
4,465
4,397
4,441
4,288
4,210
4,165
4,166
3,836
3,41
2,689
1,808
2,283
1,476
1,829
2,048
1,786
1,766
1,367
1,678 1,632 1,631
1,189
$668K
$650K
$655K
$655K
$645K
$637K
$638K
$635K
$635K
$619K
$598K
$590K
$587K
REBGV
FVREB
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELERS'MARKET 21%+
BALANCED 12-20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-LRATIO
800
38 2
4+bdrms
86%
82%
600
127
59%
3bdrms
423
400
43%
36%
998
23%
200
2bdrms
14%
1,969
7%
0
702
<$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
134 79 59%
673 581 86%
790 647 82%
669 290 43%
322 117 36%
237 54 23%
260 37 14%
326 24 7%
981
Copyright©December6,2021renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofDecember6,2021.AldatafromRealEstateBoardofGreater VancouverandFraserValey&Renie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipientoftheinformationshould takestepsastherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfromarennieandasociatesadvisor.Al informationissubjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromreniegroupofcompanies.E.&O.E. 10 ●
fraservaleyboardarea DETACHED-NOVEMBER 2021
SALESTO LISTINGSRATIO 62% SELLERS'MARKET
▶ MARKETSUMMARY Therewere1,306detachedlistingsintheFraserValey boardareainNovember,14%belowOctoberand42% lowerthanNovember2020. Novemberdetachedhomesalesincreasedby4% month-over-month,to807,andwere23%below November2020. Thesales-to-listingratiofordetachedintheFraserValey boardarea,at62%,reflectedaselers'market. ThedetachedmedianpriceinNovemberwas $1,555,000,a7%increasefromOctoberand41%above November2020. Theaveragesoldpricewas$1,692,032,7%abovelast monthandup35%toNovember2020.
AVERAGEPRICE
MEDIANPRICE
TOTALLISTINGS
SALES
▲ 35% VS2020
▲ 41% VS2020
▼ 42% VS2020
▼ 23% VS2020
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No.
%Change
No.
%Change
TOTALLISTINGS TOTALSALES
62% 807 1,306
1,048 2,238
35% 41% 32% -23% -42%
51% 778 1,514
7% 7% 20% 4% -14%
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE
$1,254,238 $1,103,400 47%
$1,580,719 $1,453,050
$1,692,032 $1,555,000
▶ RATIOOFMEDIANPRICES
▶ RECENTTRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTALINVENTORY ● MEDIANPRICE
2,944
2,584
2,828
2,304
2,238
1.89
1.85
1.81
2,185
1,741
1.63
1,597
1.61
1,530
1,515
1,843
1.53
1,322
1,184
1,520
1,514
1,306
1,382
1,048 967
841
778
807
959
850
743
744
$1.56M
$1.45M
$1.41M
$1.36M
$1.33M $1.28M
$1.34M
$1.33M
$1.31M
$1.29M
$1.22M
$1.15M
$1.10M
Nov-20
Oct-21
Nov-21
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELERS'MARKET 21%+
BALANCED 12-20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY ● S-LRATIO
350
100%+
300
97%
97%
94%
250
77%
200
57%
150
44%
32%
100
14%
50
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
56 32 57%
13 10 77%
36 35 97%
90 87 97%
184 189 103%
316 296 94%
162 72 44%
126 40 32%
323 46 14%
Copyright©December6,2021renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofDecember6,2021.AldatafromRealEstate BoardofGreaterVancouverandFraserValey&Rennie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycanotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.The recipientoftheinformationshouldtakestepsastherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbe obtainedfromarennieandasociatesadvisor.Alinformationissubjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromrenniegroupofcompanies.E.&O.E.
●
11
fraservaleyboardarea TOWNHOME-NOVEMBER 2021
SALESTO LISTINGSRATIO 116% SELLERS'MARKET
▶ MARKETSUMMARY Therewere377townhomelistingsintheFraserValey boardareainNovember,8%belowOctoberand62% lowerthanNovember2020. Novembertownhomesalesdecreasedby14% month-over-month,to438,andwere18%below November2020. Thesales-to-listingratiofortownhomesintheFraser Valeyboardarea,at116%,reflectedaselers'market. ThetownhomemedianpriceinNovemberwas$823,500, a5%increasefromOctoberand35%aboveNovember 2020. Theaveragesoldpricewas$823,841,4%abovelast month;theaveragePSFsalepricewas$534,up7%to lastmonth.
AVERAGEPRICE
AVERAGE PSFPRICE ▲ 37% VS2020
MEDIANPRICE
TOTALLISTINGS
SALES
▲ 32% VS2020
▲ 35% VS2020
▼ 62% VS2020
▼ 18% VS2020
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No.
%Change
No. 509 409
%Change
TOTALLISTINGS TOTALSALES
438 377
53% 533 1,002
118% -18% -62%
7% 4% 5% -7% -14% -8%
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF
$534 $823,841 $823,500 116%
$499 $793,330 $786,000 124%
$391 $624,012 $608,000
37% 32% 35%
▶ AVGPRICEPERSQUAREFOOT
▶ RECENTTRENDS
● NOV 2020 ● NOV 2021
● SALES ● TOTALINVENTORY ● MEDIANPRICE
1,002
872
846 706
786
787
775
710
687
759
552
659
641
514
509
533
567
438
531
512
506
479
462
448
377
409
$824K
$786K
$765K
$735K
$728K
$725K
$729K
$720K
$705K
$660K
$640K
$615K
$608K
FVREB
REBGV
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELERS'MARKET 21%+
BALANCED 12-20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-LRATIO
200
102
100%+
100%+ 100%+ 100%+
4+bdrms
93%
78
86%
150
67%
228 229
3bdrms
100
100
50
2bdrms
66
0
7
<$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
7 6 86%
35 38 109%
151 141 93%
143 206 144%
34 38 112%
4 6 150%
3 2 67%
0 1 n/a
5
Copyright©December6,2021renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofDecember6,2021.AldatafromRealEstateBoardofGreater VancouverandFraserValey&Renie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipientoftheinformationshould takestepsastherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfromarennieandasociatesadvisor.Al informationissubjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromreniegroupofcompanies.E.&O.E. 12 ●
fraservaleyboardarea CONDO-NOVEMBER 2021
SALESTO LISTINGSRATIO 93% SELLERS'MARKET
▶ MARKETSUMMARY Therewere659condolistingsintheFraserValeyboard areainNovember,15%belowOctoberand59%lower thanNovember2020. Novembercondosalesincreasedby11% month-over-month,to614,andwere44%above November2020. Thesales-to-listingratioforcondosintheFraserValey boardarea,at93%,reflectedaselers'market. ThecondomedianpriceinNovemberwas$510,000,a 6%increasefromOctoberand28%aboveNovember 2020. Theaveragesoldpricewas$528,701,6%abovelast month;theaveragePSFsalepricewas$616,up5%to lastmonth.
AVERAGEPRICE
AVERAGE PSFPRICE ▲ 33% VS2020
MEDIANPRICE
TOTALLISTINGS
SALES
▲ 27% VS2020
▲ 28% VS2020
▼ 59% VS2020
▲ 44% VS2020
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No.
%Change
No. 71% 555 779
%Change
TOTALLISTINGS TOTALSALES
93% 614 659
27% 426 1,599
33% 27% 28% 250% 44% -59%
31% 11% -15%
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF
$616 $528,701 $510,000
$587 $500,312 $480,900
5% 6% 6%
$463 $414,989 $397,500
▶ AVGPRICEPERSQUAREFOOT
▶ RECENTTRENDS
● NOV 2020 ● NOV 2021
● SALES ● TOTALINVENTORY ● MEDIANPRICE
1,599
1,344
1,307
1,271
1,163
1,287
1,256
1,192
1,190
905
806
778
598 937
666
779
659
689
459
614
614
562
555
555
426
369
$510K
$481K
$473K
$465K
$450K
$450K
$450K
$446K
$438K
$430K
$415K
$405K
$398K
FVREB
REBGV
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELERS'MARKET 21%+
BALANCED 12-20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-LRATIO
350
100%+ 100%+
96%
4+bdrms
300
2
250
37
200
3bdrms
44
50%
150
40%
32%
387
100
2bdrms
410
50
0
190
<$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
113 108 96%
347 355 102%
122 127 104%
35 14 40%
22 7 32%
9 0 n/a
6 3 50%
5 0 n/a
203
Copyright©December6,2021renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofDecember6,2021.AldatafromRealEstateBoardofGreater VancouverandFraserValey&Renie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipientoftheinformationshould takestepsastherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfromarennieandasociatesadvisor.Al informationissubjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromreniegroupofcompanies.E.&O.E. 13 ●
burnabynorth DETACHED-NOVEMBER 2021
SALESTO LISTINGSRATIO 40% SELLERS'MARKET
▶ MARKETSUMMARY Therewere80detachedlistingsinBurnabyNorthin November,5%belowOctoberand36%lowerthan November2020. Novemberdetachedhomesalesdecreasedby16% month-over-month,to32,andwere27%below November2020. Thesales-to-listingratiofordetachedinBurnabyNorth, at40%,reflectedaselers'market. ThedetachedmedianpriceinNovemberwas $1,929,000,a6%increasefromOctoberand20%above November2020. Theaveragesoldpricewas$2,150,391,9%abovelast monthandup28%toNovember2020.
AVERAGEPRICE
MEDIANPRICE
TOTALLISTINGS
SALES
▲ 28% VS2020
▲ 20% VS2020
▼ 36% VS2020
▼ 27% VS2020
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No.
%Change
No.
%Change
TOTALLISTINGS TOTALSALES
32 80
$1,684,618 $1,602,500 35% 44 125
28% 20% 14% -27% -36%
38 84
-12% -16% -5%
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE
$2,150,391 $1,929,000 40%
$1,970,098 $1,817,868 45%
9% 6%
▶ RATIOOFMEDIANPRICES
▶ RECENTTRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTALINVENTORY ● MEDIANPRICE
154
161
157
125
2.57
17
121
100
2.31
105
2.14
76
80
66
84
80
53
67 67
45
45
38
44
48
32
34
27 31
1.29
22
1.21
1.17
$1.93M
$1.92M
$1.81M
$1.82M
$1.80M $1.80M
$1.80M
$1.78M
$1.72M
$1.70M
$1.60M
$1.55M
$1.50M
Nov-20
Oct-21
Nov-21
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELERS'MARKET 21%+
BALANCED 12-20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY ● S-LRATIO
30
25
20
62%
15
10
29%
29%
26%
25%
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
4 1 25%
29 18 62%
19 5 26%
14 4 29%
14 4 29%
Copyright©December6,2021renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofDecember6,2021.AldatafromRealEstate BoardofGreaterVancouverandFraserValey&Rennie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycanotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.The recipientoftheinformationshouldtakestepsastherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbe obtainedfromarennieandasociatesadvisor.Alinformationissubjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromrenniegroupofcompanies.E.&O.E.
●
14
burnabynorth TOWNHOME-NOVEMBER 2021
SALESTO LISTINGSRATIO 88% SELLERS'MARKET
▶ MARKETSUMMARY Therewere26townhomelistingsinBurnabyNorthin November,21%belowOctoberand51%lowerthan November2020. Novembertownhomesalesincreasedby28% month-over-month,to23,andwere10%above November2020. Thesales-to-listingratiofortownhomesinBurnaby North,at88%,reflectedaselers'market. ThetownhomemedianpriceinNovemberwas$750,000, a5%decreasefromOctoberand0.2%aboveNovember 2020. Theaveragesoldpricewas$778,304,7%belowlast month;theaveragePSFsalepricewas$673,up11%to lastmonth.
AVERAGEPRICE
AVERAGE PSFPRICE ▲ 21% VS2020
MEDIANPRICE
TOTALLISTINGS
SALES
▲ 1.9% VS2020
▲ 0.1% VS2020
▼ 51% VS2020
▲ 10% VS2020
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No.
%Change
No.
%Change
TOTALLISTINGS TOTALSALES
23 26
21 53
21% 1.9% 0.2% 123% 10% -51%
18 33
11% -7% -5% 62% 28% -21%
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF
$673 $778,304 $750,000 88%
$555 $763,429 $748,800 40%
$606 $838,550 $788,500 55%
▶ AVGPRICEPERSQUAREFOOT
▶ RECENTTRENDS
● NOV 2020 ● NOV 2021
● SALES ● TOTALINVENTORY ● MEDIANPRICE
64
56
55
54
54
53
57
52 51
38
37
35
34
33
40
35
25
33
26
21
25
24
23
18
18
14
$919K
$896K
$847K
$818K
$800K
$789K
$775K
$768K
$761K
$749K
$750K
$750K
$718K
BURNABYNORTH REBGV
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELERS'MARKET 21%+
BALANCED 12-20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-LRATIO
14
3
100%
100%+
12
4+bdrms
2
10
75%
8
9
63%
3bdrms
13
6
4
11 11
2bdrms
2
0
<$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 2 100%
8 13 163%
8 5 63%
4 3 75%
2 0 n/a
2 0 n/a
Copyright©December6,2021renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofDecember6,2021.AldatafromRealEstateBoardofGreater VancouverandFraserValey&Renie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipientoftheinformationshould takestepsastherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfromarennieandasociatesadvisor.Al informationissubjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromreniegroupofcompanies.E.&O.E. 15 ●
burnabynorth CONDO-NOVEMBER 2021
SALESTO LISTINGSRATIO 60% SELLERS'MARKET
▶ MARKETSUMMARY Therewere208condolistingsinBurnabyNorthin November,10%belowOctoberand45%lowerthan November2020. Novembercondosalesdecreasedby6% month-over-month,to124,andwere43%above November2020. Thesales-to-listingratioforcondosinBurnabyNorth,at 60%,reflectedaselers'market. ThecondomedianpriceinNovemberwas$643,500,a 1.0%decreasefromOctoberand11%aboveNovember 2020. Theaveragesoldpricewas$668,827,3%belowlast month;theaveragePSFsalepricewas$802,up1.3%to lastmonth.
AVERAGEPRICE
AVERAGE PSFPRICE ▲ 13% VS2020
MEDIANPRICE
TOTALLISTINGS
SALES
▲ 11% VS2020
▲ 11% VS2020
▼ 45% VS2020
▲ 43% VS2020
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No.
%Change
No. 57% 132 230
%Change
TOTALLISTINGS TOTALSALES
60% 124 208
$711 $601,605 $582,000 23% 87 379
13% 11% 11% 160% 43% -45%
1.3% -3% -1% 4% -6% -10%
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF
$802 $668,827 $643,500
$792 $689,902 $650,000
▶ AVGPRICEPERSQUAREFOOT
▶ RECENTTRENDS
● NOV 2020 ● NOV 2021
● SALES ● TOTALINVENTORY ● MEDIANPRICE
379
323
312
304
302
297
284
324
273
290
275 182
200
208
230
132
127
124
143
129
17
13 13
87
91 96
$665K
$655K
$650K
$650K
$644K
$625K
$617K
$615K
$613K
$612K
$598K
$582K
$559K
BURNABYNORTH REBGV
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELERS'MARKET 21%+
BALANCED 12-20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-LRATIO
60
4+bdrms
90%
50
81%
40
7
57%
3bdrms
16
30
47%
34%
20
77
2bdrms
154
10
0
40
<$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
7 4 57%
58 47 81%
49 44 90%
62 21 34%
17 8 47%
8 0 n/a
6 0 n/a
1 0 n/a
38
Copyright©December6,2021renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofDecember6,2021.AldatafromRealEstateBoardofGreater VancouverandFraserValey&Renie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipientoftheinformationshould takestepsastherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfromarennieandasociatesadvisor.Al informationissubjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromreniegroupofcompanies.E.&O.E. 16 ●
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