the rennie review - September 2022

burnabynorth CONDO -AUGUST 202

SALES TO LISTINGSRATIO 31% SELLERS'M ARKET

▶ MARKETSUMMARY

AVERAGEPRICE

AVERAGE PSF PRICE ▲ 1.5% VS 2021

MEDIAN PRICE

TOTALLISTINGS

SALES

▲ 4% VS 2021

▲ 3% VS 2021

▼ 5% VS 2021

▼ 25% VS 2021

Therewere287 condolistingsin BurnabyN orth in August,5% below Julyand 5% lowerthan August2021.

Augustcondosalesincreased by10% m onth-over-m onth, to88,and were25% below August2021.

THISMONTH No.

PREVIOUSYEAR

PREVIOUSMONTH

No. 39% 117 302

% Change

No.

% Change

Thesales-to-listing ratio forcondosin Burnaby N orth,at 31% ,reflected aselers'm arket.

TOTALLISTINGS TOTALSALES

$835 $689,905 $676,000 31% 88 287

1.5% 4% 3% -21% -25% -5%

$867 $686,398 $671,000 27% 80 301

-4% 0.5% 0.7% 15% 10% -5%

Thecondom edian pricein Augustwas$676,000,a0.7% increasefrom Julyand 3% aboveAugust2021. Theaveragesold pricewas$689,905,0.5% abovelast m onth;theaveragePSF salepricewas$835,down 4% to lastm onth.

SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF

$823 $662,269 $655,000

▶ AVG PRICEPERSQUAREFOOT

▶ RECENTTRENDS

● AUG 2021 ● AUG 202

● SALES ● TOTALINVENTORY ● MEDIAN PRICE

286

302

309

287

300 301

297

208

200

230

176

167

180

132

127

124

124

160

145

17

12

88

104

101

96

80

$778K $750K $729K

$693K $700K

$699K $650K $671K $676K

$655K $665K $650K $644K

BURNABYNORTH REBGV

▶ NUMBEROFBEDROOMS

▶ TOTALLISTINGS&SALESBYPRICERANGE

SEL ERS'MARKET 21% +

BALANCED 12 - 20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY

● SALES ● TOTALINVENTORY ● S-L RATIO

100

4+ bdrms

80

60

64%

4

3 bdrms

31

42%

40

57

2 bdrms

20

17%

181

11%

7%

6%

0

27

<$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

4 0 n/a

47 30 64%

96 40 42%

81 14 17%

31 2 6%

9 1 11%

14 1 7%

5 0 n/a

75

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