the rennie review - January 2023

burnabynorth CONDO -DECEMBER 202

SALESTO LISTINGSRATIO 23% SELLERS'M ARKET

▶ MARKETSUMMARY Therewere219 condolistingsin BurnabyN orth in D ecem ber,18% below N ovem berand 51% higherthan D ecem ber2021. D ecem bercondo salesdecreased by 4% m onth-over-m onth,to50,and were50% below D ecem ber2021. Thesales-to-listing ratio forcondosin Burnaby N orth,at 23% ,reflected aselers'm arket. Thecondom edian pricein D ecem berwas$667,444,a 5% decreasefrom N ovem berand 4% below D ecem ber 2021. Theaveragesold pricewas$691,428,4% below last m onth;theaveragePSF salepricewas$850,up 5% to lastm onth.

AVERAGEPRICE

AVERAGE PSFPRICE ▲ 0.9% VS2021

MEDIAN PRICE

TOTALLISTINGS

SALES

▼ 1.8% VS2021

▼ 4% VS2021

▲ 51% VS2021

▼ 50% VS2021

THISMONTH No.

PREVIOUSYEAR

PREVIOUSMONTH

No. 70% 101 145

%Change

No.

%Change

TOTALLISTINGS TOTALSALES

$850 $691,428 $667,444 23% 50 219

0.9% -1.8% -4% -67% -50% 51%

$807 $719,531 $703,500 19% 52 268

5% -4% -5% 18% -4% -18%

SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF

$842 $703,755 $692,500

▶ AVG PRICEPERSQUAREFOOT

▶ RECENTTRENDS

● DEC 2021 ● DEC 202

● SALES ● TOTALINVENTORY ● MEDIAN PRICE

286

287

309

268

264

300 301

257

200

219

176

167

180

145

124

160

88

101

82

12

104

96

80

50

58

52

$778K $750K $729K

$704K $667K

$699K $650K $671K $676K

$693K $700K

$651K $692K

BURNABYNORTH REBGV

▶ NUMBEROFBEDROOMS

▶ TOTALLISTINGS&SALESBYPRICERANGE

SEL ERS'MARKET 21%+

BALANCED 12-20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY

● SALES ● TOTALINVENTORY ● S-LRATIO

80

70

100%

4+bdrms

1

60

50

3

3bdrms

40

25

42%

30

27%

29

20

2bdrms

17% 14%

136

10

0

18

<$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

1 1 100%

36 15 42%

73 20 27%

69 12 17%

14 2 14%

7 0 n/a

13 0 n/a

6 0 n/a

57

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