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.
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