burnabynorth CONDO -MARCH 2023
SALES TO LISTINGSRATIO 45% SELLERS'M ARKET
▶ MARKETSUMMARY Therewere251 condolistingsin BurnabyN orth in M arch,2% aboveFebruaryand 26% higherthan M arch 2022. M arch condosalesincreased by22% m onth-over-m onth, to112,and were38% below M arch 2022.
AVERAGEPRICE
AVERAGE PSF PRICE ▼ 1.7% VS 2022
MEDIAN PRICE
TOTALLISTINGS
SALES
▼ 5% VS 2022
▼ 6% VS 2022
▲ 26% VS 2022
▼ 38% VS 2022
THISMONTH No.
PREVIOUSMONTH
PREVIOUSYEAR
No. 90% 180 200
% Change
No.
% Change
Thesales-to-listing ratio forcondosin Burnaby N orth,at 45% ,reflected aselers'm arket.
TOTALLISTINGS TOTALSALES
45% 112 251
-1.7% -5% -6% -50% -38% 26%
$874 $688,765 $660,500 38% 92 245
19% 22% 2%
Thecondom edian pricein M arch was$707,500,a7% increasefrom Februaryand 6% below M arch 2022. Theaveragesold pricewas$743,763,8% abovelast m onth;theaveragePSF salepricewas$929,up 6% to lastm onth.
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF
$929 $743,763 $707,500
6% 8% 7%
$945 $783,467 $750,000
▶ AVG PRICEPERSQUAREFOOT
▶ RECENTTRENDS
● MAR 202 ● MAR 2023
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
286
287
309
268
264
300
301
253
251
257
245
200
218
180
124
92
12
88
82
12
96
50
80
58
52
44
$750K $729K
$699K $650K $671K $676K $651K
$692K $704K $667K $707K $661K $708K
BURNABYNORTH REBGV
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21% +
BALANCED 12 - 20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-L RATIO
70
100%
4+ bdrms
60
50
69%
6
62%
40
3 bdrms
38
30
41%
27%
67
20
2 bdrms
15%
151
10
0
39
<$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
1 1 100%
42 29 69%
71 44 62%
64 26 41%
37 10 27%
13 2 15%
16 0 n/a
7 0 n/a
62
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