the rennie review DATA-DRIVEN INSIGHTS INTO SALES, LISTINGS, & PRICING TRENDS FOR 13 SUB-MARKETS IN THE VANCOUVER REGION
published June 2021
table of contents
02 INTRO
Each month, we release the rennie review, a detailed look at the real estate marketplace in the Vancouver Region. This report examines the market stats by sub-market, provides updates on current rennie projects, and more.
03 WHAT YOU NEED TO KNOW
04 FEATURED LISTINGS
NEIGHBOURHOOD PROFILES
05 08 11 14 17 20 23 26 29 32 35 38 41 44
Vancouver Region
Greater Vancouver Board Area Fraser Valley Board Area
Burnaby North Burnaby South
Ryan Berlin DIRECTOR OF INTELLIGENCE & SENIOR ECONOMIST rberlin@rennie.com
Bowen Behan Pausey SENIOR ANALYST bbehan@rennie.com
Coquitlam
Langley
North Vancouver
Richmond Squamish
Surrey
Vancouver East Vancouver West West Vancouver
49 CURRENT PROJECTS
Copyright © 2021 rennie group of companies. All rights reserved. This material may not be reproduced or distributed, in whole or in part, without the prior written permission of the rennie group of companies. Current as of June 7, 2021. All data from Real Estate Board of Greater Vancouver and Fraser Valley & Rennie. While the information and data contained herein has been obtained from sources deemed reliable, accuracy cannot be guaranteed. rennie group of companies does not assume responsibility or liability for any inaccuracies. The recipient of the information should take steps as the recipient may deem necessary to verify the information prior to placing any reliance upon the information. The information contained within this report should not be used as an opinion of value, such opinions should and can be obtained from a rennie and associates advisor. All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies. E.&O.E. 2
housing remains a hot commodity in May Despite recent evidence of a re-balancing of the market for residential real estate in the Vancouver Region, homes continue to sell at a near-record pace as supply remains lacking.
with total listings moving back to their May 2020 levels. Unlike the relative consistency in sales trends across home types, only detached listings were higher than one year ago (+9%), with townhome and condo listings down by 18% and 4%, respectively, vs May 2020. Compared to long-run average inventory levels, last month’s inventory was lower by 23%, ranging from condos being down 18% to townhomes being down 32%. Inventory remains constrained in both the Greater Vancouver and Fraser Valley board areas, with listings lower by 21% and 27%, respectively, versus the long-run average. With mortgage rates having risen in recent months (moving from a low of 1.39% for a 5-year fixed rate back in February to around 2.00% today), and both the Office of the Superintendent of Financial Institutions and the Canada Mortgage & Housing Corporation having raised the qualifying interest rates for borrowers (effective June 1st), we could see the market equilibrium shift over the summer, which is typically slower anyway. That said, if recent history is any indication, the shift may not be as significant as some might be expecting.
As we noted last month, the at-times chaotic housing market here in the Vancouver Region since the middle of 2020 has been generating a lot of noise in the data. This remains true when we look at the most recent data, for May, though we are beginning to see signs that the market’s emotional outburst has already reached its apex. Regardless, two fundamental observations about our market continue to hold—namely that demand is elevated and supply is constrained—even in the face of divergent trends over the past two months. After peaking at 8,888 sales in March— an all-time record for any month in the history of the Vancouver Region (which encompasses the Greater Vancouver and Fraser Valley real estate)—sales fell by 12% to 7,784 in April. Sales then fell again in May, by 8%—making it two straight months of declining sales.
This recent trend blurs the bigger picture, however, with the 7,132 sales in May representing the second-highest-ever May sales count in this region (7% lower than the all-time May high of 7,701 sales in 2016). Additionally, May’s sales were 217% above those of May 2020—when the fewest May sales were recorded since 1990—and 44% higher than the past-decade May average. All home types are transacting at elevated levels, with detached home sales up 23%, townhome sales up 60%, and condo sales up 63% versus the long-run average for the month. From a geographic perspective, last month’s sales in the Greater Vancouver board area were 31% above the long-run average, while those in the Fraser Valley board area were up 69%. May marked the third consecutive month of MLS inventory expansion in this region,
Copyright © 2021 rennie group of companies. All rights reserved. This material may not be reproduced or distributed, in whole or in part, without the prior written permission of the rennie group of companies. Current as of June 7, 2021. All data from Real Estate Board of Greater Vancouver and Fraser Valley & Rennie. While the information and data contained herein has been obtained from sources deemed reliable, accuracy cannot be guaranteed. rennie group of companies does not assume responsibility or liability for any inaccuracies. The recipient of the information should take steps as the recipient may deem necessary to verify the information prior to placing any reliance upon the information. The information contained within this report should not be used as an opinion of value, such opinions should and can be obtained from a rennie and associates advisor. All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies. E.&O.E. 3
featured listings SEARCH FOR THE HOME YOU LOVE AT RENNIE.COM
House $5,798,000 | WEST VAN 549 St. Andrews Road 4 Bed, 5,916 SF Jason Soprovich 604.817.8812
House $3,998,000 | WEST VAN 2256 Inglewood Avenue 5 Bed, 3,576 SF Eric Langhjelm PREC* 778.688.4149
House $2,879,000 | NORTH VAN 3270 Allan Road
7 Bed, 4,331 SF Ross Leathley 604.802.5468
½ Duplex
Espana
Townhome
$1,649,000 | MT. PLEASANT
$1,488,000 | DOWNTOWN
$1,299,000 | SQUAMISH 4-3276 Mamquam Road 4 Bed, 2,266 SF Shawn Wentworth PREC* 604.379.6731
752 E 12th Avenue 4 Bed, 1,826 SF Tracy Lam PREC* 778.688.8035
3505-689 Abbott Street 2 Bed, 1,245 SF Jenna Van Alstine 778.558.3355
Townhome
Townhome
Vancouver House $999,900 | DOWNTOWN
$1,239,900 | VAN EAST Th2-8121 Chester Street 2 Bed, 1,059 SF
$1,068,000 | VAN EAST
2741 Ward Street 3 Bed, 1,003 SF Andy Mah 604.779.9382
1201-1480 Howe Street 2 Bed, 685 SF
Disa Lim 604.880.8604
Jane Chu PREC* 778.886.3303
House
Simon
Triomphe
$775,000 | COQUITLAM 408-717 Breslay Street 3 Bed, 1,024 SF
$959,900 | CHILLIWACK
$749,900 | BURNABY 708-1888 Gilmore Avenue 2 Bed, 689 SF
45952 Weeden Drive 3 Bed, 2,807 SF Clarke Mallory PREC* 604.316.9917
Art Seroff PREC* 778.223.0033
Calvin Kan PREC* 604.616.8373
Lumen
Richards Living $699,900 | YALETOWN 818-1088 Richards Street 1 Bed, 586 SF
Willow Gardens $585,000 | FAIRVIEW 204-3199 Willow Street 1 Bed, 640 SF Joanne Hoekstra 604.722.6645
$715,000 | FALSE CREEK 513-1635 W 3rd Avenue 1 Bed, 587 SF
Paul Wong 604.716.0483
Derek Kai PREC* 604.868.1666
Pacific Place $549,900 | COQUITLAM 401-1215 Pacific Street
Jane Gardens $525,000 | PORT COQUITLAM 109-2620 Jane Street 2 Bed, 1,060 SF Irene De Guzman 604.720.1996
Harmony $519,900 | BURNABY 207-9329 University Crescent
2 Bed, 1,092 SF Jordan Wong 778.378.6888
2 Bed, 837 SF Gwen Chan 778.388.0913
Copyright © 2021 rennie group of companies. All rights reserved. This material may not be reproduced or distributed, in whole or in part, without the prior written permission of the rennie group of companies. Current as of May 7, 2021. While the information and data contained herein has been obtained from sources deemed reliable, accuracy cannot be guaranteed. rennie group of companies does not assume responsibility or liability for any inaccuracies. The recipient of the information should take steps as the recipient may deem necessary to verify the information prior to placing any reliance upon the information. The information contained within this report should not be used as an opinion of value, such opinions should and can be obtained from a rennie and associates advisor. All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies. E.&O.E. i i i l i rt, it t t ri r rit p r issi of t re ie gr of co panies. Cur ent as of June
4
vancouverregion DETACHED-MAY 2021
SALESTO LISTINGSRATIO 36% SELLER'SMARKET
▶ MARKETSUMMARY Therewere7,567detachedlistingsintheVancouver RegioninMay,3%aboveApriland14%higherthanMay 2020. Maydetachedhomesalesdecreasedby10% month-over-month,to2,752,andwere211%aboveMay 2020. Thesales-to-listingratiofordetachedintheVancouver Region,at36%,reflectedaseler'smarket.
AVERAGEPRICE
MEDIANPRICE
TOTALLISTINGS
SALES
▲ 24% VS2020
▲ 24% VS2020
▲ 14% VS2020
▲ 211% VS2020
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No.
%Change
No.
%Change
TOTALLISTINGS TOTALSALES
2,752 7,567
13% 885 6,622
172% 211% 14%
3,042 7,333
-12% -10% 3%
ThedetachedmedianpriceinMaywas$1,450,000,a3% decreasefromApriland24%aboveMay2020.
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE
$1,710,434 $1,450,000 36%
$1,757,132 $1,500,000 41%
Theaveragesoldpricewas$1,710,434,3%belowlast monthanddown24%toMay2020.
-3% -3%
$1,375,312 $1,170,000
24% 24%
▶ RATIOOFMEDIANPRICES
▶ RECENTTRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTALINVENTORY ● MEDIANPRICE
7,281
7,567
7,015
7,599 7,599
7,383
7,333
6,622
5,980
5,968
1.91
1.87
1.80
4,502 3,506
4,379
4,282
1.35
1.34
2,420
2,338
2,752
2,10
3,042
1,998
1.25
1,600
2,421
2,16
2,074
1,489
885
$1.50M
$1.48M $1.41M
$1.45M
$1.35M
$1.30M
$1.27M
$1.25M
$1.24M
$1.18M
$1.18M
$1.17M
$1.15M
May-20
Apr-21
May-21
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELER'SMARKET 21%+
BALANCED 12-20%
BUYER'SMARKET <12%
● SALES ● TOTALINVENTORY ● S-LRATIO
1500
73%
65%
60%
58%
1000
53%
39%
31%
500
16%
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+ 1,776 203 11%
S-LRATIO SALES INVENTORY
102 54 53%
88 57 65%
372 224 60%
647 470 73%
1,134 658 58%
1,730 682 39%
898 274 31%
820 130 16%
Copyright©June7,2021reniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofJune7,2021.AldatafromRealEstateBoardof GreaterVancouverandFraserValey&Rennie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipient oftheinformationshouldtakestepsastherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtained fromarenieandasociatesadvisor.Alinformationissubjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromrenniegroupofcompanies.E.&O.E.
●
5
vancouverregion TOWNHOME-MAY 2021
SALESTO LISTINGSRATIO 70% SELLER'SMARKET
▶ MARKETSUMMARY Therewere2,033townhomelistingsintheVancouver RegioninMay,0.6%aboveApriland16%lowerthan May2020. Maytownhomesalesdecreasedby12% month-over-month,to1,414,andwere187%aboveMay 2020. Thesales-to-listingratiofortownhomesintheVancouver Region,at70%,reflectedaseler'smarket. ThetownhomemedianpriceinMaywas$776,000,a 1.1%decreasefromApriland19%aboveMay2020. Theaveragesoldpricewas$853,901,1.6%belowlast month;theaveragePSFsalepricewas$577,down1.1% tolastmonth.
AVERAGEPRICE
AVERAGE PSFPRICE ▲ 18% VS2020
MEDIANPRICE
TOTALLISTINGS
SALES
▲ 19% VS2020
▲ 19% VS2020
▼ 16% VS2020
▲ 187% VS2020
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No.
%Change
No.
%Change
TOTALLISTINGS TOTALSALES
1,414 2,033
20% 492 2,406
240% 187% -16%
1,609 2,020
-1.1% -1.6% -1.1% -13% -12% 0.6%
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF
$577 $853,901 $776,000 70%
$583 $867,585 $785,000 80%
$487 $717,570 $649,500
18% 19% 19%
▶ AVGPRICEPERSQUAREFOOT
▶ RECENTTRENDS
● MAY 2020 ● MAY 2021
● SALES ● TOTALINVENTORY ● MEDIANPRICE
2,788
2,619
2,925 2,956
2,862
2,260
2,406
2,020
2,033
1,723
1,682
1,641
1,609
1,586
1,485
1,291
1,414
1,196
1,099
1,407
1,013
863
1,071
1,060
836
492
$785K
$780K
$776K
$720K
$688K
$675K
$671K
$665K
$660K
$656K
$650K
$646K
$633K
VANCOUVERREGION REBGV
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELER'SMARKET 21%+
BALANCED 12-20%
BUYER'SMARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-LRATIO
700
272
4+bdrms
600
396
86%
76%
500
71%
67%
760
400
3bdrms
1,105
50%
300
38%
32%
356
200
23%
2bdrms
500
100
0
32 26
<$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
28 14 50%
241 161 67%
701 602 86%
476 362 76%
221 156 71%
157 59 38%
132 42 32%
77 18 23%
Copyright©June7,2021reniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofJune7,2021.AldatafromRealEstateBoardofGreaterVancouverand FraserValey&Rennie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipientoftheinformationshouldtakestepsas therecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfromarennieandasociatesadvisor.Alinformationis subjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromreniegroupofcompanies.E.&O.E. 6 ●
vancouverregion CONDO-MAY 2021
SALESTO LISTINGSRATIO 47% SELLER'SMARKET
▶ MARKETSUMMARY
AVERAGEPRICE
AVERAGE PSFPRICE ▲ 3% VS2020
MEDIANPRICE
TOTALLISTINGS
SALES
▲ 4% VS2020
▲ 10% VS2020
▲ 1.0% VS2020
▲ 237% VS2020
Therewere5,999condolistingsintheVancouverRegion inMay,3%aboveApriland1.1%higherthanMay2020.
Maycondosalesdecreasedby5%month-over-month,to 2,832,andwere237%aboveMay2020.
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No.
%Change
No.
%Change
Thesales-to-listingratioforcondosintheVancouver Region,at47%,reflectedaseler'smarket.
TOTALLISTINGS TOTALSALES
2,832 5,999
14% 840 5,935
234% 237% 1.1%
2,986 5,831
-2% -4% -2% -8% -5% 3%
ThecondomedianpriceinMaywas$574,500,a2% decreasefromApriland10%aboveMay2020. Theaveragesoldpricewas$640,884,4%belowlast month;theaveragePSFsalepricewas$756,down2%to lastmonth.
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF
$756 $640,884 $574,500 47%
$773 $669,574 $588,000 51%
$734 $616,160 $520,000
3% 4% 10%
▶ AVGPRICEPERSQUAREFOOT
▶ RECENTTRENDS
● MAY 2020 ● MAY 2021
● SALES ● TOTALINVENTORY ● MEDIANPRICE
7,474
7,335
8,297
8,024
8,002
6,866
5,831
5,595
5,999
5,935
5,697
5,401
3,509 5,355
2,832
2,081 2,066
2,986
1,936
1,829
1,507
2,436
1,797
1,755
1,560
840
$588K
$585K
$575K
$550K
$539K
$540K
$542K
$531K
$532K
$532K
$530K
$520K
$515K
VANCOUVERREGION REBGV
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELER'SMARKET 21%+
BALANCED 12-20%
BUYER'SMARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-LRATIO
37 2
4+bdrms
1500
67%
157
63%
1000
3bdrms
52%
691
30% 30%
1,593
500
2bdrms
19%
14%
3,491
8%
0
1,080
<$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
598 377 63%
1,792 1,194 67%
1,486 769 52%
866 263 30%
366 109 30%
293 56 19%
278 40 14%
320 24 8%
1,780
Copyright©June7,2021reniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofJune7,2021.AldatafromRealEstateBoardofGreaterVancouverand FraserValey&Rennie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipientoftheinformationshouldtakestepsas therecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfromarennieandasociatesadvisor.Alinformationis subjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromreniegroupofcompanies.E.&O.E. 7 ●
greatervancouverboardarea DETACHED-MAY 2021
SALESTO LISTINGSRATIO 30% SELLER'SMARKET
▶ MARKETSUMMARY Therewere4,739detachedlistingsintheGreater VancouverboardareainMay,8%aboveApriland20% higherthanMay2020. Maydetachedhomesalesdecreasedby14% month-over-month,to1,423,andwere164%aboveMay 2020. Thesales-to-listingratiofordetachedintheGreater Vancouverboardarea,at30%,reflectedaseler'smarket.
AVERAGEPRICE
MEDIANPRICE
TOTALLISTINGS
SALES
▲ 21% VS2020
▲ 21% VS2020
▲ 20% VS2020
▲ 164% VS2020
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No.
%Change
No.
%Change
TOTALLISTINGS TOTALSALES
1,423 4,739
14% 539 3,939
119% 164% 20%
1,653 4,390
-20% -14% 8%
ThedetachedmedianpriceinMaywas$1,630,000,a4% decreasefromApriland21%aboveMay2020.
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE
$1,934,833 $1,630,000 30%
$1,974,704 $1,700,000 38%
Theaveragesoldpricewas$1,934,833,2%belowlast monthanddown21%toMay2020.
-2% -4%
$1,593,779 $1,347,000
21% 21%
▶ RATIOOFMEDIANPRICES
▶ RECENTTRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTALINVENTORY ● MEDIANPRICE
4,739
4,390
4,313
4,237
4,580
4,540
4,397
3,742
3,664
3,939
1.87
1.81
1.73
2,905
2,864
2,762
1,960
1.43
1.42
1.35
1,343
1,308
1,19
1,423
1,653
1,020
862
1,223
1,098
1,063
539
739
$1.70M
$1.65M $1.60M
$1.63M
$1.52M
$1.50M
$1.48M
$1.44M
$1.44M
$1.38M
$1.37M
$1.35M
$1.35M
May-20
Apr-21
May-21
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELER'SMARKET 21%+
BALANCED 12-20%
BUYER'SMARKET <12%
● SALES ● TOTALINVENTORY ● S-LRATIO
1400
1200
1000
67%
64%
62%
800
54%
600
37%
32%
31%
400
14%
11%
200
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+ 1,399 160 11%
S-LRATIO SALES INVENTORY
47 15 32%
47 30 64%
136 84 62%
237 158 67%
528 286 54%
1,110 414 37%
621 190 31%
614 86 14%
Copyright©June7,2021reniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofJune7,2021.AldatafromRealEstateBoardof GreaterVancouverandFraserValey&Rennie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipient oftheinformationshouldtakestepsastherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtained fromarenieandasociatesadvisor.Alinformationissubjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromrenniegroupofcompanies.E.&O.E.
●
8
greatervancouverboardarea TOWNHOME-MAY 2021
SALESTO LISTINGSRATIO 59% SELLER'SMARKET
▶ MARKETSUMMARY Therewere1,187townhomelistingsintheGreater VancouverboardareainMay,3%aboveApriland12% lowerthanMay2020. Maytownhomesalesdecreasedby17% month-over-month,to706,andwere165%aboveMay 2020. Thesales-to-listingratiofortownhomesintheGreater Vancouverboardarea,at59%,reflectedaseler'smarket. ThetownhomemedianpriceinMaywas$900,000,a 1.1%decreasefromApriland15%aboveMay2020. Theaveragesoldpricewas$983,000,0.1%belowlast month;theaveragePSFsalepricewas$688,down0.4% tolastmonth.
AVERAGEPRICE
AVERAGE PSFPRICE ▲ 17% VS2020
MEDIANPRICE
TOTALLISTINGS
SALES
▲ 19% VS2020
▲ 15% VS2020
▼ 12% VS2020
▲ 165% VS2020
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No.
%Change
No.
%Change
TOTALLISTINGS TOTALSALES
59% 706 1,187
20% 266 1,355
203% 165% -12%
74% 847 1,148
0.4% -0.1% -1.1% -19% -17% 3%
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF
$688 $983,000 $900,000
$685 $983,696 $910,000
$588 $829,269 $779,950
17% 19% 15%
▶ AVGPRICEPERSQUAREFOOT
▶ RECENTTRENDS
● MAY 2020 ● MAY 2021
● SALES ● TOTALINVENTORY ● MEDIANPRICE
1,562
1,658
1,645
1,612
1,258
1,355
1,440
1,148
1,082
1,187
954
847
954
927
901
678
636
706
539
506
412
616
542
536
372
266
$910K
$900K
$901K
$900K
$815K
$816K
$790K
$789K
$790K
$791K
$780K
$785K
$780K
REBGV
FVREB
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELER'SMARKET 21%+
BALANCED 12-20%
BUYER'SMARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-LRATIO
300
112
4+bdrms
250
172
83%
76%
200
70% 68%
64%
375
3bdrms
150
642
39%
100
32%
198
23%
2bdrms
342
50
0
21
<$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
6 5 83%
83 53 64%
253 193 76%
292 205 70%
195 132 68%
152 59 39%
131 42 32%
75 17 23%
31
Copyright©June7,2021reniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofJune7,2021.AldatafromRealEstateBoardofGreaterVancouverand FraserValey&Rennie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipientoftheinformationshouldtakestepsas therecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfromarennieandasociatesadvisor.Alinformationis subjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromreniegroupofcompanies.E.&O.E. 9 ●
greatervancouverboardarea CONDO-MAY 2021
SALESTO LISTINGSRATIO 43% SELLER'SMARKET
▶ MARKETSUMMARY
AVERAGEPRICE
AVERAGE PSFPRICE ▲ 4% VS2020
MEDIANPRICE
TOTALLISTINGS
SALES
▲ 5% VS2020
▲ 10% VS2020
▲ 6% VS2020
▲ 211% VS2020
Therewere4,713condolistingsintheGreater VancouverboardareainMay,5%aboveApriland6% higherthanMay2020. Maycondosalesdecreasedby10%month-over-month, to2,050,andwere211%aboveMay2020.
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No.
%Change
No.
%Change
Thesales-to-listingratioforcondosintheGreater Vancouverboardarea,at43%,reflectedaseler'smarket.
TOTALLISTINGS TOTALSALES
2,050 4,713
15% 659 4,456
194% 211% 6%
2,287 4,488
-0.1% -3% -0.3% -15% -10% 5%
ThecondomedianpriceinMaywas$635,000,a0.3% decreasefromApriland10%aboveMay2020. Theaveragesoldpricewas$708,423,3%belowlast month;theaveragePSFsalepricewas$842,down0.1% tolastmonth.
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF
$842 $708,423 $635,000 43%
$842 $729,092 $637,000 51%
$812 $675,725 $578,000
4% 5% 10%
▶ AVGPRICEPERSQUAREFOOT
▶ RECENTTRENDS
● MAY 2020 ● MAY 2021
● SALES ● TOTALINVENTORY ● MEDIANPRICE
6,145
5,736
6,429
6,275
5,222
5,691
4,488
4,713
4,456
4,441
4,288 4,210
2,691 4,166
2,050
1,596
1,571
1,476
2,287
1,406
1,109
1,767
1,367
1,338
1,189
659
$636K
$637K
$635K
$619K
$608K
$598K
$598K
$590K
$585K
$589K
$588K
$587K
$578K
REBGV
FVREB
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELER'SMARKET 21%+
BALANCED 12-20%
BUYER'SMARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-LRATIO
1400
32 2
1200
4+bdrms
1000
66%
123
800
3bdrms
55%
554
50%
600
30% 31%
400
1,082
2bdrms
19%
14%
2,653
200
8%
0
843
<$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
238 119 50%
1,139 748 66%
1,302 710 55%
825 251 30%
344 105 31%
289 55 19%
264 38 14%
312 24 8%
1,474
Copyright©June7,2021reniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofJune7,2021.AldatafromRealEstateBoardofGreaterVancouverand FraserValey&Rennie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipientoftheinformationshouldtakestepsas therecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfromarennieandasociatesadvisor.Alinformationis subjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromreniegroupofcompanies.E.&O.E. 10 ●
fraservaleyboardarea DETACHED-MAY 2021
SALESTO LISTINGSRATIO 47% SELLER'SMARKET
▶ MARKETSUMMARY Therewere2,828detachedlistingsintheFraserValey boardareainMay,4%belowApriland5%higherthan May2020. Maydetachedhomesalesdecreasedby4% month-over-month,to1,323,andwere286%aboveMay 2020. Thesales-to-listingratiofordetachedintheFraserValey boardarea,at47%,reflectedaseler'smarket.
AVERAGEPRICE
MEDIANPRICE
TOTALLISTINGS
SALES
▲ 41% VS2020
▲ 39% VS2020
▲ 5% VS2020
▲ 286% VS2020
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No.
%Change
No.
%Change
TOTALLISTINGS TOTALSALES
1,323 2,828
13% 343 2,683
266% 286% 5%
1,384 2,943
-4% -4%
ThedetachedmedianpriceinMaywas$1,330,000,a 1.1%decreasefromApriland39%aboveMay2020.
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE
$1,469,004 $1,330,000 47%
$1,495,874 $1,344,500 47%
-1.8% -1.1% -0.5%
Theaveragesoldpricewas$1,469,004,1.8%belowlast monthanddown41%toMay2020.
$1,038,334 $958,000
41% 39%
▶ RATIOOFMEDIANPRICES
▶ RECENTTRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTALINVENTORY ● MEDIANPRICE
2,943
2,778
3,059
3,019
2,828
2,968 2,986
2,683
2,304
1.85
1.85
2,238
1.68
1.61
1.61
1,597
1,533
1.48
1,187
1,515 1,520
1,323
1,071
1,048
1,022
1,384
983
729
968
968
743
343
$1.34M
$1.33M $1.29M
$1.33M
$1.22M
$1.15M
$1.10M
$1.06M
$1.05M
$1.02M
$1.00M
$975K
$958K
May-20
Apr-21
May-21
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELER'SMARKET 21%+
BALANCED 12-20%
BUYER'SMARKET <12%
● SALES ● TOTALINVENTORY ● S-LRATIO
600
500
76%
67%
400
66%
61%
59%
300
43%
200
30%
21%
100
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-LRATIO SALES INVENTORY
55 37 67%
41 27 66%
236 140 59%
410 312 76%
606 371 61%
620 267 43%
277 83 30%
206 44 21%
377 42 11%
Copyright©June7,2021reniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofJune7,2021.AldatafromRealEstateBoardof GreaterVancouverandFraserValey&Rennie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipient oftheinformationshouldtakestepsastherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtained fromarenieandasociatesadvisor.Alinformationissubjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromrenniegroupofcompanies.E.&O.E.
●
11
fraservaleyboardarea TOWNHOME-MAY 2021
SALESTO LISTINGSRATIO 83% SELLER'SMARKET
▶ MARKETSUMMARY Therewere846townhomelistingsintheFraserValey boardareainMay,3%belowApriland20%lowerthan May2020. Maytownhomesalesdecreasedby7% month-over-month,to706,andwere212%aboveMay 2020. Thesales-to-listingratiofortownhomesintheFraser Valeyboardarea,at83%,reflectedaseler'smarket. ThetownhomemedianpriceinMaywas$720,000,a 0.9%decreasefromApriland26%aboveMay2020. Theaveragesoldpricewas$724,810,1.8%belowlast month;theaveragePSFsalepricewas$466,down0.8% tolastmonth.
AVERAGEPRICE
AVERAGE PSFPRICE ▲ 26% VS2020
MEDIANPRICE
TOTALLISTINGS
SALES
▲ 24% VS2020
▲ 26% VS2020
▼ 20% VS2020
▲ 212% VS2020
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No.
%Change
No. 87% 760 872
%Change
TOTALLISTINGS TOTALSALES
83% 706 846
22% 226 1,051
288% 212% -20%
-4% -7% -3%
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF
$466 $724,810 $720,000
$470 $737,933 $726,575
-0.8% -1.8% -0.9%
$369 $586,101 $571,000
26% 24% 26%
▶ AVGPRICEPERSQUAREFOOT
▶ RECENTTRENDS
● MAY 2020 ● MAY 2021
● SALES ● TOTALINVENTORY ● MEDIANPRICE
1,250
1,31
1,226
1,179
1,267
1,002
1,051
872
788
775
846
687
659
612
760 706
560
506
641
451
558
533
531
517
462
226
$727K
$720K
$705K
$660K
$640K
$615K
$604K
$608K
$600K
$593K
$580K
$585K
$571K
FVREB
REBGV
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELER'SMARKET 21%+
BALANCED 12-20%
BUYER'SMARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-LRATIO
160
400
4+bdrms
91%
224
85% 88%
300
68%
385
3bdrms
463
50%
200
41%
158 156
2bdrms
100
0
1 5
<$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
22 9 41%
158 107 68%
448 409 91%
184 157 85%
26 23 88%
5 0 n/a
1 0 n/a
2 1 50%
Copyright©June7,2021reniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofJune7,2021.AldatafromRealEstateBoardofGreaterVancouverand FraserValey&Rennie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipientoftheinformationshouldtakestepsas therecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfromarennieandasociatesadvisor.Alinformationis subjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromreniegroupofcompanies.E.&O.E. 12 ●
fraservaleyboardarea CONDO-MAY 2021
SALESTO LISTINGSRATIO 61% SELLER'SMARKET
▶ MARKETSUMMARY Therewere1,286condolistingsintheFraserValey boardareainMay,4%belowApriland13%lowerthan May2020. Maycondosalesincreasedby13%month-over-month,to 779,andwere330%aboveMay2020.
AVERAGEPRICE
AVERAGE PSFPRICE ▲ 17% VS2020
MEDIANPRICE
TOTALLISTINGS
SALES
▲ 15% VS2020
▲ 15% VS2020
▼ 13% VS2020
▲ 330% VS2020
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No.
%Change
No.
%Change
Thesales-to-listingratioforcondosintheFraserValey boardarea,at61%,reflectedaseler'smarket.
TOTALLISTINGS TOTALSALES
61% 779 1,286
12% 181 1,479
395% 330% -13%
51% 691 1,343
18% 13% -4%
ThecondomedianpriceinMaywas$446,000,a0.9% decreasefromApriland15%aboveMay2020. Theaveragesoldpricewas$461,110,1.9%belowlast month;theaveragePSFsalepricewas$530,down1.8% tolastmonth.
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF
$530 $461,110 $446,000
$540 $470,141 $449,900
-1.8% -1.9% -0.9%
$453 $399,290 $387,000
17% 15% 15%
▶ AVGPRICEPERSQUAREFOOT
▶ RECENTTRENDS
● MAY 2020 ● MAY 2021
● SALES ● TOTALINVENTORY ● MEDIANPRICE
1,783
1,749
1,644
1,868
1,857
1,599
1,479
1,343
1,307
1,286
1,256
1,191
806 1,189
666
779
494
480
459
691
423
398
426
417
369
181
$450K
$446K
$438K
$430K
$415K
$400K
$405K
$395K
$398K
$391K
$393K
$387K
$385K
FVREB
REBGV
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELER'SMARKET 21%+
BALANCED 12-20%
BUYER'SMARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-LRATIO
700
600
4+bdrms
5
500
72% 68%
34
400
3bdrms
137
300
32%
200
27%
508
25%
2bdrms
838
14%
100
7%
0
237
<$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
360 258 72%
653 446 68%
184 59 32%
41 11 27%
22 3 14%
4 1 25%
14 1 7%
8 0 n/a
306
Copyright©June7,2021reniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofJune7,2021.AldatafromRealEstateBoardofGreaterVancouverand FraserValey&Rennie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipientoftheinformationshouldtakestepsas therecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfromarennieandasociatesadvisor.Alinformationis subjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromreniegroupofcompanies.E.&O.E. 13 ●
burnabynorth DETACHED-MAY 2021
SALESTO LISTINGSRATIO 30% SELLER'SMARKET
▶ MARKETSUMMARY
AVERAGEPRICE
MEDIANPRICE
TOTALLISTINGS
SALES
▲ 34% VS2020
▲ 30% VS2020
▲ 63% VS2020
▲ 200% VS2020
Therewere161detachedlistingsinBurnabyNorthin May,3%aboveApriland63%higherthanMay2020. Maydetachedhomesalesdecreasedby37% month-over-month,to48,andwere200%aboveMay 2020. Thesales-to-listingratiofordetachedinBurnabyNorth, at30%,reflectedaseler'smarket.
THISMONTH No. $1,956,910 $1,783,000 30% 48 161
PREVIOUSYEAR
PREVIOUSMONTH
No.
%Change
No.
%Change
TOTALLISTINGS TOTALSALES
16 99
34% 30% 84% 200% 63%
$1,876,330 $1,795,000 48% 76 157
4% -0.7% -38% -37% 3%
ThedetachedmedianpriceinMaywas$1,783,000,a 0.7%decreasefromApriland30%aboveMay2020.
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE
$1,462,199 $1,370,500 16%
Theaveragesoldpricewas$1,956,910,4%abovelast monthandup34%toMay2020.
▶ RATIOOFMEDIANPRICES
▶ RECENTTRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTALINVENTORY ● MEDIANPRICE
161
157
136
132
128
125
2.24
17
127
2.11
1.97
10
99
76
66
80
58
67 67
45
1.38
31
49
48
1.32
1.31
45
44
36
34
16
22
$1.80M $1.80M
$1.80M
$1.78M
$1.60M
$1.60M
$1.57M
$1.56M
$1.55M
$1.53M
$1.50M
$1.49M
$1.37M
May-20
Apr-21
May-21
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELER'SMARKET 21%+
BALANCED 12-20%
BUYER'SMARKET <12%
● SALES ● TOTALINVENTORY ● S-LRATIO
70
60
50
67%
40
30
33%
27%
20
23%
10
7%
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 0 n/a
1 0 n/a
12 8 67%
72 24 33%
35 8 23%
26 7 27%
14 1 7%
Copyright©June7,2021reniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofJune7,2021.AldatafromRealEstateBoardof GreaterVancouverandFraserValey&Rennie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipient oftheinformationshouldtakestepsastherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtained fromarenieandasociatesadvisor.Alinformationissubjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromrenniegroupofcompanies.E.&O.E.
●
14
burnabynorth TOWNHOME-MAY 2021
SALESTO LISTINGSRATIO 63% SELLER'SMARKET
▶ MARKETSUMMARY
AVERAGEPRICE
AVERAGE PSFPRICE ▲ 19% VS2020
MEDIANPRICE
TOTALLISTINGS
SALES
▲ 20% VS2020
▲ 21% VS2020
▲ 31% VS2020
▲ 167% VS2020
Therewere64townhomelistingsinBurnabyNorthin May,19%aboveApriland31%higherthanMay2020. Maytownhomesalesdecreasedby22% month-over-month,to40,andwere167%aboveMay 2020. Thesales-to-listingratiofortownhomesinBurnaby North,at63%,reflectedaseler'smarket. ThetownhomemedianpriceinMaywas$846,500,a6% increasefromApriland21%aboveMay2020. Theaveragesoldpricewas$805,394,1.9%belowlast month;theaveragePSFsalepricewas$580,down8%to lastmonth.
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No.
%Change
No.
%Change
TOTALLISTINGS TOTALSALES
40 64
15 49
104% 167% 31%
51 54
-8% -1.9% 6% -34% -22% 19%
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF
$580 $805,394 $846,500 63%
$486 $673,867 $697,000 31%
$629 $821,330 $800,000 94%
19% 20% 21%
▶ AVGPRICEPERSQUAREFOOT
▶ RECENTTRENDS
● MAY 2020 ● MAY 2021
● SALES ● TOTALINVENTORY ● MEDIANPRICE
66
69
64
61
56
55
54
53
57
54
52
51
49
35
40
27
35
25
25
22
21
15
18
14
13
12
$847K
$818K
$800K
$768K
$768K
$761K
$749K
$725K
$718K
$697K
$683K
$660K
$638K
BURNABYNORTH REBGV
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELER'SMARKET 21%+
BALANCED 12-20%
BUYER'SMARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-LRATIO
25
8
100%+
4+bdrms
7
20
71%
18
15
60%
3bdrms
28
50%
44%
10
14
2bdrms
5
28
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
2 1 50%
10 6 60%
25 11 44%
13 17 131%
7 5 71%
5 0 n/a
2 0 n/a
1
Copyright©June7,2021reniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofJune7,2021.AldatafromRealEstateBoardofGreaterVancouverand FraserValey&Rennie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipientoftheinformationshouldtakestepsas therecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfromarennieandasociatesadvisor.Alinformationis subjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromreniegroupofcompanies.E.&O.E. 15 ●
burnabynorth CONDO-MAY 2021
SALESTO LISTINGSRATIO 50% SELLER'SMARKET
▶ MARKETSUMMARY
AVERAGEPRICE
AVERAGE PSFPRICE ▲ 7% VS2020
MEDIANPRICE
TOTALLISTINGS
SALES
▲ 17% VS2020
▲ 15% VS2020
▲ 16% VS2020
▲ 198% VS2020
Therewere284condolistingsinBurnabyNorthinMay, 3%aboveApriland16%higherthanMay2020.
Maycondosalesdecreasedby21%month-over-month, to143,andwere198%aboveMay2020.
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No.
%Change
No. 66% 182 275
%Change
Thesales-to-listingratioforcondosinBurnabyNorth,at 50%,reflectedaseler'smarket.
TOTALLISTINGS TOTALSALES
50% 143 284
$720 $546,856 $530,000 20% 48 245
157% 198% 16%
-2% 1% -0.2% -24% -21% 3%
ThecondomedianpriceinMaywas$612,000,a0.2% decreasefromApriland15%aboveMay2020. Theaveragesoldpricewas$641,398,1.0%abovelast month;theaveragePSFsalepricewas$771,up2%to lastmonth.
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF
$771 $641,398 $612,000
$788 $635,244 $613,000
7% 17% 15%
▶ AVGPRICEPERSQUAREFOOT
▶ RECENTTRENDS
● MAY 2020 ● MAY 2021
● SALES ● TOTALINVENTORY ● MEDIANPRICE
379
414
407
400
323
312
343
324
273
284
293
182 275
245
201
143
10
102
85
129
97
96
91
87
48
63
$649K
$625K
$608K
$613K
$612K
$598K
$587K
$590K
$582K
$560K
$559K
$530K
$525K
BURNABYNORTH REBGV
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELER'SMARKET 21%+
BALANCED 12-20%
BUYER'SMARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-LRATIO
100
4+bdrms
80
60
68%
12
58%
3bdrms
53%
16
50%
40
36%
82
24%
2bdrms
20
206
0
49
<$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
15 8 53%
85 58 68%
91 53 58%
71 17 24%
14 5 36%
3 0 n/a
4 2 50%
1 0 n/a
62
Copyright©June7,2021reniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofJune7,2021.AldatafromRealEstateBoardofGreaterVancouverand FraserValey&Rennie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipientoftheinformationshouldtakestepsas therecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfromarennieandasociatesadvisor.Alinformationis subjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromreniegroupofcompanies.E.&O.E. 16 ●
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