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
Copyright© January4,2023ren iegroupofcom panies.Alrightsreserved.Thism aterialm aynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenperm is ionoftherenniegroupofcom panies.CurentasofJanuary4,2023.Aldatafrom RealEstateBoardofGreater VancouverandFraserValey& Rennie.W hiletheinform ationanddatacontainedhereinhasbe nobtainedfrom sourcesde m edreliable,ac uracycannotbeguarante d.renniegroupofcom paniesdoesnotas um eresponsibiltyorliabiltyforanyinac uracies.Therecipientoftheinform ationshould takestepsastherecipientm ayde m neces arytoverifytheinform ationpriortoplacinganyrelianceupontheinform ation.Theinform ationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfrom arennieandas ociatesadvisor.Al inform ationissubjecttochangeandanypropertym aybewithdrawnfrom them arketatanytim ewithoutnoticeorobligationtotherecipientfrom renniegroupofcom panies.E.&O.E. 16 ●
Made with FlippingBook - professional solution for displaying marketing and sales documents online