the rennie review - June 2021

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 ●

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