burnabynorth DETACHED-JANUARY 202
SALESTO LISTINGSRATIO 28% SELLERS'MARKET
▶ MARKETSUMMARY Therewere61detachedlistingsinBurnabyNorthin January,3%aboveDecemberand9%lowerthanJanuary 2021. Januarydetachedhomesalesdecreasedby48% month-over-month,to17,andwere23%belowJanuary 2021. Thesales-to-listingratiofordetachedinBurnabyNorth, at28%,reflectedaselers'market. ThedetachedmedianpriceinJanuarywas$2,168,000,a 9%increasefromDecemberand44%aboveJanuary 2021. Theaveragesoldpricewas$2,448,941,14%abovelast monthandup44%toJanuary2021.
AVERAGEPRICE
MEDIANPRICE
TOTALLISTINGS
SALES
▲ 44% VS2021
▲ 44% VS2021
▼ 9% VS2021
▼ 23% VS2021
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No.
%Change
No.
%Change
TOTALLISTINGS TOTALSALES
17 61
22 67
44% 44% -15% -23% -9%
33 59
14% 9% -50% -48% 3%
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE
$2,448,941 $2,168,000 28%
$2,155,733 $1,988,888 56%
$1,704,836 $1,502,500 33%
▶ RATIOOFMEDIANPRICES
▶ RECENTTRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTALINVENTORY ● MEDIANPRICE
154
161
157
2.45
17
2.32
121
100
105
80
1.98
76
66
84
59
67
53
61
67
45
38
33
48
1.36
34
22
32
1.27
30
1.24
27
17
$2.17M
$1.99M
$1.93M
$1.92M
$1.80M $1.80M
$1.81M
$1.82M
$1.80M
$1.78M
$1.70M
$1.68M
$1.50M
Jan-21
Dec-21
Jan-22
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELERS'MARKET 21%+
BALANCED 12-20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY ● S-LRATIO
15
10
47%
31%
5
23%
15%
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 0 n/a
16 5 31%
15 7 47%
13 2 15%
13 3 23%
Copyright©February8,202renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofFebruary8,202.AldatafromRealEstate BoardofGreaterVancouverandFraserValey&Rennie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycanotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.The recipientoftheinformationshouldtakestepsastherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbe obtainedfromarennieandasociatesadvisor.Alinformationissubjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromrenniegroupofcompanies.E.&O.E.
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