burnabynorth DETACHED-JULY 2021
SALESTO LISTINGSRATIO 37% SELLER'SMARKET
▶ MARKETSUMMARY
AVERAGEPRICE
MEDIANPRICE
TOTALLISTINGS
SALES
▲ 20% VS2020
▲ 22% VS2020
▼ 5% VS2020
▲ 25% VS2020
Therewere121detachedlistingsinBurnabyNorthin July,21%belowJuneand5%lowerthanJuly2020. Julydetachedhomesalesdecreasedby15% month-over-month,to45,andwere25%aboveJuly 2020. Thesales-to-listingratiofordetachedinBurnabyNorth, at37%,reflectedaseler'smarket.
THISMONTH No. $1,871,364 $1,810,000 37% 45 121
PREVIOUSYEAR
PREVIOUSMONTH
No.
%Change
No.
%Change
TOTALLISTINGS TOTALSALES
$1,565,832 $1,487,500 28% 36 128
20% 22% 32% 25% -5%
$2,010,181 $1,920,000 34% 53 154
-15% -21%
ThedetachedmedianpriceinJulywas$1,810,000,a6% decreasefromJuneand22%aboveJuly2020.
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE
-7% -6% 8%
Theaveragesoldpricewas$1,871,364,7%belowlast monthanddown20%toJuly2020.
▶ RATIOOFMEDIANPRICES
▶ RECENTTRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTALINVENTORY ● MEDIANPRICE
154
157 161
132 136
125
2.48
128
17
127
121
2.18
2.02
76
66
80
58
53
67 67
45
45
49
48
1.46
45 44
36
34
1.26
1.22
22
$1.92M
$1.80M $1.80M
$1.81M
$1.80M
$1.78M
$1.60M
$1.60M
$1.57M
$1.56M
$1.55M
$1.50M
$1.49M
Jul-20
Jun-21
Jul-21
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELER'SMARKET 21%+
BALANCED 12-20%
BUYER'SMARKET <12%
● SALES ● TOTALINVENTORY ● S-LRATIO
60
100%+ 100%+
50
40
54%
30
36%
20
29%
10
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-LRATIO SALES INVENTORY
1 2 200%
6 7 117%
59 21 36%
28 8 29%
13 7 54%
14 0 n/a
Copyright©August9,2021renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofAugust9,2021.AldatafromRealEstateBoardof GreaterVancouverandFraserValey&Rennie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipient oftheinformationshouldtakestepsastherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtained fromarenieandasociatesadvisor.Alinformationissubjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromrenniegroupofcompanies.E.&O.E.
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