burnabynorth DETACHED -FEBRUARY 2023
SALES TO LISTINGSRATIO 31% SELLERS'M ARKET
▶ MARKETSUMMARY Therewere85 detachedlistingsin BurnabyN orth in February,1.2% below Januaryand 33% higherthan February2022. February detached hom esalesincreased by 160% m onth-over-m onth,to26,and were45% below February 2022. Thesales-to-listing ratio fordetached in Burnaby N orth, at31% ,reflected aselers'm arket. Thedetachedm edian pricein Februarywas$1,925,000, a1.7% decreasefrom Januaryand 9% below February 2022. Theaveragesold pricewas$2,056,436,0.3% abovelast m onth and down 6% toFebruary2022.
AVERAGEPRICE
MEDIAN PRICE
TOTALLISTINGS
SALES
▼ 6% VS 2022
▼ 9% VS 2022
▲ 33% VS 2022
▼ 45% VS 2022
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No.
% Change
No.
% Change
TOTALLISTINGS TOTALSALES
26 85
47 64
-58% -45% 33%
10 86
0.3% -1.7% 163% 160% -1.2%
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE
$2,056,436 $1,925,000 31%
$2,050,975 $1,958,000 12%
$2,193,384 $2,120,000 73%
-6% -9%
▶ RATIO OFMEDIAN PRICES
▶ RECENTTRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
131
122
18
15
2.62
109
92
87
86
2.34
95
93
85
2.19
85
64
47
37
30
28 25
40
24
26
1.33
18
10
1.16
22
19
16
1.06
$2.30M
$2.13M $2.20M $2.04M $2.08M
$2.12M
$2.04M $1.96M
$1.79M $1.96M $1.93M
$1.75M $1.71M
Feb-22
Jan-23
Feb-23
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21% +
BALANCED 12 - 20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY ● S-L RATIO
25
20
15
60%
40%
10
27%
18%
5
9%
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
1 0 n/a
5 2 40%
25 15 60%
15 4 27%
17 3 18%
22 2 9%
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