the rennie review - September 2022

burnabynorth TOWNHOME-AUGUST 202

SALES TO LISTINGSRATIO 14% BALANCEDMARKET

▶ MARKETSUMMARY

AVERAGEPRICE

AVERAGE PSF PRICE ▲ 5% VS 2021

MEDIAN PRICE

TOTALLISTINGS

SALES

▲ 9% VS 2021

▲ 3% VS 2021

▼ 5% VS 2021

▼ 85% VS 2021

Therewere36 townhom elistingsin BurnabyN orth in August,5% below Julyand 5% lowerthan August2021. Augusttownhom esalesdecreased by38% m onth-over-m onth,to 5,and were85% below August 2021. Thesales-to-listing ratio fortow nhom esin Burnaby N orth,at14% ,reflected abalanced m arket. Thetownhom em edian pricein Augustwas$770,000,a 21% decreasefrom Julyand 3% aboveAugust2021. Theaveragesold pricewas$872,200,1.4% below last m onth;theaveragePSF salepricewas$647,down 3% to lastm onth.

THISMONTH No.

PREVIOUSYEAR

PREVIOUSMONTH

No.

% Change

No.

% Change

TOTALLISTINGS TOTALSALES

$647 $872,200 $770,000 14% 5 36

33 38

-84% -85% -5%

$668 $884,500 $969,000 21% 8 38

-3% -1.4% -21% -34% -38% -5%

SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF

$615 $801,712 $750,000 87%

5% 9% 3%

▶ AVG PRICEPERSQUAREFOOT

▶ RECENTTRENDS

● AUG 2021 ● AUG 202

● SALES ● TOTALINVENTORY ● MEDIAN PRICE

35

38 37

38 36

33

33

33

29

26

25

23

24

23

18

17

15

18

18

17

16

12

12

1

8

5

$969K

$950K $989K $978K

$919K

$857K $883K $905K

$860K

$789K $750K

$770K

$750K

BURNABYNORTH REBGV

▶ NUMBEROFBEDROOMS

▶ TOTALLISTINGS&SALESBYPRICERANGE

SEL ERS'MARKET 21% +

BALANCED 12 - 20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY

● SALES ● TOTALINVENTORY ● S-L RATIO

10

1

4+ bdrms

6

8

1

6

3 bdrms

20

4

30%

3

25%

2 bdrms

2

10

10%

0

<$400K $400-599K $600-799K $800-999K $1.0M -1.24M $1.25M -1.49M $1.5M -1.99M $2M +

<2 bdrms

S-L RATIO SALES INVENTORY

2 0 n/a

10 3 30%

10 1 10%

7 0 n/a

4 1 25%

3 0 n/a

Copyright© Septem ber7,202 renniegroupofcom panies.Alrightsreserved.Thism aterialm aynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenperm is ionoftherenniegroupofcom panies.CurentasofSeptem ber7,202 .Aldatafrom RealEstateBoardofGreater VancouverandFraserValey& Ren ie.W hiletheinform ationanddatacontainedhereinhasbe nobtainedfrom sourcesde m edreliable,ac uracycannotbeguarante d.renniegroupofcom paniesdoesnotas um eresponsibiltyorliabiltyforanyinac uracies.Therecipientoftheinform ationshould takestepsastherecipientm ayde m neces arytoverifytheinform ationpriortoplacinganyrelianceupontheinform ation.Theinform ationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfrom arennieandas ociatesadvisor.Al inform ationissubjecttochangeandanypropertym aybewithdrawnfrom them arketatanytim ewithoutnoticeorobligationtotherecipientfrom ren iegroupofcom panies.E.&O.E. 15 ●

Made with FlippingBook - professional solution for displaying marketing and sales documents online