burnabynorth CONDO -MAY 2023
SALES TO LISTINGSRATIO 40% SELLERS'M ARKET
▶ MARKETSUMMARY
AVERAGEPRICE
AVERAGE PSF PRICE ▲ 10% VS 2022
MEDIAN PRICE
TOTALLISTINGS
SALES
▲ 0.3% VS 2022
▼ 0.5% VS 2022
▼ 3% VS 2022
▼ 3% VS 2022
Therewere301 condolistingsin BurnabyN orth in M ay, 11% aboveApriland 3% lowerthan M ay2022.
M aycondosalesincreased by3% m onth-over-m onth,to 120,and were3% below M ay2022.
THISMONTH No.
PREVIOUSMONTH
PREVIOUSYEAR
No. 40% 124 309
% Change
No. 43% 116 270
% Change
Thesales-to-listing ratio forcondosin Burnaby N orth,at 40% ,reflected aselers'm arket.
TOTALLISTINGS TOTALSALES
40% 120 301
-3% -3%
7% 1.7% 2% -7% 3% 11%
Thecondom edian pricein M aywas$695,950,a2% increasefrom Apriland 0.5% below M ay2022. Theaveragesold pricewas$750,076,1.7% abovelast m onth;theaveragePSF salepricewas$986,up 7% to lastm onth.
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF
10% 0.3% -0.5% -0.7%
$986 $750,076 $695,950
$920 $737,486 $680,000
$900 $747,690 $699,450
▶ AVG PRICEPERSQUAREFOOT
▶ RECENTTRENDS
● MAY 202 ● MAY 2023
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
309
287
301
268
264
300
301
253
270
257
251
245
218
12
124
120
92
88 82
16
96
50
80
58
52
44
$699K
$692K $704K $667K $707K $661K $708K $680K $696K
$650K $671K $676K $651K
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
80
12
60
58%
3 bdrms
55%
32
40
36%
56
2 bdrms
20
195
12% 14% 14%
0
52
<$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
45 26 58%
98 54 55%
89 32 36%
34 4 12%
14 2 14%
14 2 14%
7 0 n/a
74
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