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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