burnabynorth TOWNHOME-FEBRUARY 2023
SALES TO LISTINGSRATIO 44% SELLERS'M ARKET
▶ MARKETSUMMARY
AVERAGEPRICE
AVERAGE PSF PRICE ▼ 15% VS 2022
MEDIAN PRICE
TOTALLISTINGS
SALES
▼ 10% VS 2022
▼ 3% VS 2022
0.0% VS 2022
▼ 35% VS 2022
Therewere25 townhom elistingsin BurnabyN orth in February,nochangetoJanuaryand nochangeto February2022. Februarytownhom esalesincreased by38% m onth-over-m onth,to11,and were35% below February 2022. Thesales-to-listing ratio fortow nhom esin Burnaby N orth,at44% ,reflected aselers'm arket. Thetownhom em edian pricein Februarywas$880,000,a 18% increasefrom Januaryand 3% below February2022. Theaveragesold pricewas$859,164,7% abovelast m onth;theaveragePSF salepricewas$612,down 10% tolastm onth.
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No.
% Change
No.
% Change
TOTALLISTINGS TOTALSALES
11 25
17 25
-15% -10% -3% -35% -35% 0%
$680 $806,688 $747,500 32% 8 25
-10% 7% 18% 38% 38% 0%
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF
$612 $859,164 $880,000 44%
$724 $959,518 $905,000 68%
▶ AVG PRICEPERSQUAREFOOT
▶ RECENTTRENDS
● FEB 202 ● FEB 2023
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
45
38
35
39
33
36
29
31
25
23
25
25 25
17
17
15
12
17
16
1
12
12
8
8
7
5
$969K
$950K $989K $978K
$905K
$880K
$875K $868K
$860K
$770K $748K $775K
$748K
BURNABYNORTH REBGV
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21% +
BALANCED 12 - 20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-L RATIO
7
1
100%+ 100%
4+ bdrms
6
6
5
6
4
3 bdrms
13
3
4
2
2 bdrms
20%
5
1
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
3 0 n/a
3 4 133%
6 6 100%
5 1 20%
7 0 n/a
1 0 n/a
1
Copyright© March2,2023renniegroupofcom panies.Alrightsreserved.Thism aterialm aynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenperm is ionoftherenniegroupofcom panies.CurentasofMarch2,2023.Aldatafrom RealEstateBoardofGreaterVancouver andFraserValey& Rennie.W hiletheinform ationanddatacontainedhereinhasbe nobtainedfrom sourcesde m edreliable,ac uracycannotbeguarante d.ren iegroupofcom paniesdoesnotas um eresponsibiltyorliabiltyforanyinac uracies.Therecipientoftheinform ationshouldtakesteps astherecipientm ayde m neces arytoverifytheinform ationpriortoplacinganyrelianceupontheinform ation.Theinform ationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfrom arennieandas ociatesadvisor.Alinform ationis subjecttochangeandanypropertym aybewithdrawnfrom them arketatanytim ewithoutnoticeorobligationtotherecipientfrom ren iegroupofcom panies.E.&O.E. 15 ●
Made with FlippingBook - professional solution for displaying marketing and sales documents online