burnabynorth DETACHED -MAY 2023
SALES TO LISTINGSRATIO 49% SELLERS'M ARKET
▶ MARKETSUMMARY
AVERAGEPRICE
MEDIAN PRICE
TOTALLISTINGS
SALES
▼ 7% VS 2022
▼ 7% VS 2022
▼ 27% VS 2022
▲ 40% VS 2022
Therewere86 detachedlistingsin BurnabyN orth in M ay,1.1% below Apriland 27% lowerthan M ay2022. M ay detached hom esalesincreased by 35% m onth-over-m onth,to42,and were40% aboveM ay 2022. Thesales-to-listing ratio fordetached in Burnaby N orth, at49% ,reflected aselers'm arket.
THISMONTH No.
PREVIOUSMONTH
PREVIOUSYEAR
No.
% Change
No.
% Change
TOTALLISTINGS TOTALSALES
42 86
$2,286,750 $2,199,000 25% 30 118
92% 40% -27%
31 87
-4% -1.9% 37% 35% -1.1%
Thedetachedm edian pricein M aywas$2,049,400,a 1.9% decreasefrom Apriland 7% below M ay2022.
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE
$2,124,339 $2,049,400 49%
$2,220,686 $2,090,000 36%
Theaveragesold pricewas$2,124,339,4% below last m onthand down 7% toM ay2022.
-7% -7%
▶ RATIO OFMEDIAN PRICES
▶ RECENTTRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
131
122
15
18
2.59
109
92
87
86
85
95
86
2.32
2.25
85
79
35
42
28
26
25
24
30
18
31
1.40
1.32
22
19
16
10
1.14
$2.20M
$2.09M $2.05M
$2.04M $2.08M
$2.04M $1.96M
$1.96M $1.93M $1.89M
$1.79M
$1.75M $1.71M
22-May
23-Apr
23-May
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21% +
BALANCED 12 - 20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY ● S-L RATIO
30
100%+
25
20
71%
57%
15
50%
10
5
9%
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-L RATIO SALES INVENTORY
1 2 200%
28 16 57%
21 15 71%
14 7 50%
22 2 9%
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