burnabynorth DETACHED -MARCH 2023
SALES TO LISTINGSRATIO 44% SELLERS'M ARKET
▶ MARKETSUMMARY Therewere79 detachedlistingsin BurnabyN orth in M arch,7% below Februaryand 9% lowerthan M arch 2022. M arch detached hom esalesincreased by 35% m onth-over-m onth,to 35,and were13% below M arch 2022. Thesales-to-listing ratio fordetached in Burnaby N orth, at44% ,reflected aselers'm arket. Thedetachedm edian pricein M arch was$1,890,000,a 1.8% decreasefrom Februaryand 18% below M arch 2022. Theaveragesold pricewas$2,006,763,2% below last m onth and down 15% toM arch 2022.
AVERAGEPRICE
MEDIAN PRICE
TOTALLISTINGS
SALES
▼ 15% VS 2022
▼ 18% VS 2022
▼ 9% VS 2022
▼ 13% VS 2022
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No.
% Change
No.
% Change
TOTALLISTINGS TOTALSALES
35 79
40 87
-15% -18% -4% -13% -9%
26 85
45% 35% -7%
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE
$2,006,763 $1,890,000 44%
$2,056,436 $1,925,000 31%
$2,360,801 $2,295,500 46%
-2% -1.8%
▶ RATIO OFMEDIAN PRICES
▶ RECENTTRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
131
122
18
15
2.42
109
92
86
85
2.19
87
95
93
2.14
79
85
37
40
30
28
35
26
25
24
18
1.33
1.27
1.25
22
19
16
10
$2.30M
$2.13M $2.20M $2.04M $2.08M
$2.04M $1.96M
$1.96M $1.93M $1.89M
$1.79M
$1.75M $1.71M
22-Mar
23-Feb
23-Mar
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21% +
BALANCED 12 - 20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY ● S-L RATIO
20
100%+
76%
15
10
37%
22%
5
11%
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
0 1 n/a
2 5 250%
21 16 76%
19 7 37%
19 2 11%
18 4 22%
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