the rennie review - September 2022

burnabynorth DETACHED -AUGUST 202

SALES TO LISTINGSRATIO 23% SELLERS'M ARKET

▶ MARKETSUMMARY

AVERAGEPRICE

MEDIAN PRICE

TOTALLISTINGS

SALES

▲ 1.6% VS 2021

▲ 3% VS 2021

▲ 4% VS 2021

▼ 7% VS 2021

Therewere109 detachedlistingsin BurnabyN orth in August,11% below Julyand 4% higherthan August2021. Augustdetached hom esalesdecreased by11% m onth-over-m onth,to 25,and were7% below August 2021. Thesales-to-listing ratio fordetached in Burnaby N orth, at23% ,reflected aselers'm arket.

THISMONTH No. $1,872,272 $1,750,000 23% 25 109

PREVIOUSYEAR

PREVIOUSMONTH

No.

% Change

No.

% Change

TOTALLISTINGS TOTALSALES

$1,842,621 $1,700,000 26% 27 105

1.6% 3% -11% -7% 4%

$2,258,417 $2,082,500 23% 28 122

-17% -16% -0.1% -11% -11%

Thedetachedm edian pricein Augustwas$1,750,000,a 16% decreasefrom Julyand 3% aboveAugust2021.

SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE

Theaveragesold pricewas$1,872,272,17% below last m onth and up 1.6% toAugust2021.

▶ RATIO OFMEDIAN PRICES

▶ RECENTTRENDS

● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO

● SALES ● TOTALINVENTORY ● MEDIAN PRICE

131

122

18

109

100

105

2.27

2.27

87

2.15

80

93

84

64

47

61

59

38

37

1.44

30

28

40

27

33

25

32

30

1.15

22

1.14

17

$2.30M $2.17M $2.12M

$2.13M $2.20M $2.04M $2.08M

$1.93M $1.99M

$1.75M

$1.70M $1.68M $1.82M

Aug.-21

Jul.-22

Aug.-22

▶ TOTALLISTINGS&SALESBYPRICERANGE

SEL ERS'MARKET 21% +

BALANCED 12 - 20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY ● S-L RATIO

30

67%

20

50%

10

19%

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-L RATIO SALES INVENTORY

3 2 67%

30 15 50%

36 7 19%

15 1 7%

25 0 n/a

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