the rennie review - November 2022

burnabynorth TOWNHOME-OCTOBER 202

SALES TO LISTINGSRATIO 27% SELLERS'M ARKET

▶ MARKETSUMMARY Therewere45 townhom elistingsin BurnabyN orth in O ctober,15% aboveSeptem berand 36% higherthan October2021. O ctobertownhom esalesrem ained thesam e m onth-over-m onth,at12,and were33% below O ctober 2021. Thesales-to-listing ratio fortow nhom esin Burnaby N orth,at27% ,reflected aselers'm arket. Thetownhom em edian pricein Octoberwas$775,000,a 4% increasefrom Septem berand 1.7% below O ctober 2021. Theaveragesold pricewas$785,729,2% below last m onth;theaveragePSF salepricewas$588,down 4% to lastm onth.

AVERAGEPRICE

AVERAGE PSF PRICE ▼ 3% VS 2021

MEDIAN PRICE

TOTALLISTINGS

SALES

▼ 6% VS 2021

▼ 1.7% VS 2021

▲ 36% VS 2021

▼ 33% VS 2021

THISMONTH No.

PREVIOUSYEAR

PREVIOUSMONTH

No.

% Change

No.

% Change

TOTALLISTINGS TOTALSALES

12 45

18 33

-3% -6% -1.7% -51% -33% 36%

12 39

-4% -2% 4% -13% 0% 15%

SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF

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

$606 $838,550 $788,500 55%

$614 $804,000 $747,500 31%

▶ AVG PRICEPERSQUAREFOOT

▶ RECENTTRENDS

● OCT 2021 ● OCT 202

● SALES ● TOTALINVENTORY ● MEDIAN PRICE

45

38

35

39

33

33

36

29

26

25

23

18

23

17

18

15

18

12

17

16

12

12

12

1

8

5

$969K

$950K $989K $978K

$857K $883K $905K

$860K

$789K $750K

$770K $748K $775K

BURNABYNORTH REBGV

▶ NUMBEROFBEDROOMS

▶ TOTALLISTINGS&SALESBYPRICERANGE

SEL ERS'MARKET 21% +

BALANCED 12 - 20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY

● SALES ● TOTALINVENTORY ● S-L RATIO

100%+

4+ bdrms

15

7

8

3 bdrms

10

24

38%

3

5

25%

2 bdrms

17%

14

0

1

<$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 3 300%

12 3 25%

18 3 17%

8 3 38%

5 0 n/a

1 0 n/a

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