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.
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