the rennie review - August 2021

burnabynorth TOWNHOME-JULY 2021

SALESTO LISTINGSRATIO 46% SELLER'SMARKET

▶ MARKETSUMMARY

AVERAGEPRICE

AVERAGE PSFPRICE ▲ 31% VS2020

MEDIANPRICE

TOTALLISTINGS

SALES

▲ 19% VS2020

▲ 31% VS2020

▼ 18% VS2020

▲ 92% VS2020

Therewere54townhomelistingsinBurnabyNorthin July,5%belowJuneand18%lowerthanJuly2020. Julytownhomesalesdecreasedby26% month-over-month,to25,andwere92%aboveJuly 2020. Thesales-to-listingratiofortownhomesinBurnaby North,at46%,reflectedaseler'smarket. ThetownhomemedianpriceinJulywas$896,000,a16% increasefromJuneand31%aboveJuly2020. Theaveragesoldpricewas$851,940,9%abovelast month;theaveragePSFsalepricewas$620,up0.7%to lastmonth.

THISMONTH No.

PREVIOUSYEAR

PREVIOUSMONTH

No.

%Change

No.

%Change

TOTALLISTINGS TOTALSALES

25 54

13 66

31% 19% 31% 135% 92% -18%

34 57

0.7% 9% 16% -22% -26% -5%

SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF

$620 $851,940 $896,000 46%

$472 $713,554 $683,000 20%

$616 $780,601 $775,000 60%

▶ AVGPRICEPERSQUAREFOOT

▶ RECENTTRENDS

● JUL 2020 ● JUL 2021

● SALES ● TOTALINVENTORY ● MEDIANPRICE

66

69

64

56

55

54

53

54

57

57

54

52 51

34

40

27

35 35

25

25

25

22 21

18

14

13

$896K

$847K

$818K

$800K

$768K

$768K

$775K

$761K

$749K

$725K

$718K

$683K

$660K

BURNABYNORTH REBGV

▶ NUMBEROFBEDROOMS

▶ TOTALLISTINGS&SALESBYPRICERANGE

SELER'SMARKET 21%+

BALANCED 12-20%

BUYER'SMARKET <12%

● SALES ● TOTALINVENTORY

● SALES ● TOTALINVENTORY ● S-LRATIO

2

100%+

25

4+bdrms

7

20

75%

17

3bdrms

15

24

40%

10

30%

6

2bdrms

5

22

0

<$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

5 2 40%

27 8 30%

8 9 113%

8 6 75%

2 0 n/a

4 0 n/a

1

Copyright©August9,2021renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofAugust9,2021.AldatafromRealEstateBoardofGreaterVancouver andFraserValey&Rennie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.reniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipientoftheinformationshouldtakesteps astherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfromarennieandasociatesadvisor.Alinformationis subjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromreniegroupofcompanies.E.&O.E. 15 ●

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