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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