the rennie review - January 2023

burnabynorth TOWNHOME-DECEMBER 202

SALESTO LISTINGSRATIO 29% SELLERS'M ARKET

▶ MARKETSUMMARY Therewere24 townhom elistingsin BurnabyN orth in D ecem ber,23% below N ovem berand 100% higherthan D ecem ber2021. D ecem bertownhom esalesdecreased by59% m onth-over-m onth,to7,and were61% below D ecem ber 2021. Thesales-to-listing ratio fortow nhom esin Burnaby N orth,at29% ,reflected aselers'm arket. Thetownhom em edian pricein D ecem berwas$868,000, a0.8% decreasefrom N ovem berand 1.3% above D ecem ber2021. Theaveragesold pricewas$888,929,2% abovelast m onth;theaveragePSF salepricewas$600,down 7% to lastm onth.

AVERAGEPRICE

AVERAGE PSFPRICE ▼ 10% VS2021

MEDIAN PRICE

TOTALLISTINGS

SALES

▼ 3% VS2021

▲ 1.3% VS2021

▲ 100% VS2021

▼ 61% VS2021

THISMONTH No.

PREVIOUSYEAR

PREVIOUSMONTH

No.

%Change

No.

%Change

TOTALLISTINGS TOTALSALES

$600 $888,929 $868,000 29% 7 24

18 12

-10% -3% 1.3% -81% -61% 100%

17 31

-7% 2% -0.8% -47% -59% -23%

SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF

$669 $918,639 $856,500 150%

$646 $869,741 $875,000 55%

▶ AVG PRICEPERSQUAREFOOT

▶ RECENTTRENDS

● DEC 2021 ● DEC 202

● SALES ● TOTALINVENTORY ● MEDIAN PRICE

45

38

35

39

33

36

29

31

25

23

24

18

17

17

15

18

12

17

16

12

12

12

1

8

7

5

$969K

$950K $989K $978K

$875K $868K

$860K

$857K $883K $905K

$770K $748K $775K

BURNABYNORTH REBGV

▶ NUMBEROFBEDROOMS

▶ TOTALLISTINGS&SALESBYPRICERANGE

SEL ERS'MARKET 21%+

BALANCED 12-20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY

● SALES ● TOTALINVENTORY ● S-LRATIO

7

1

4+bdrms

6

5

80%

5

4

4

3bdrms

15

3

33%

2

2

2bdrms

4

1

0

<$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

0 1 n/a

7 0 n/a

5 4 80%

6 2 33%

4 0 n/a

2 0 n/a

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