burnabynorth CONDO -FEBRUARY 2023
SALES TO LISTINGSRATIO 38% SELLERS'M ARKET
▶ MARKETSUMMARY Therewere245 condolistingsin BurnabyN orth in February,3% below Januaryand 39% higherthan February2022. Februarycondosalesincreased by109% m onth-over-m onth,to92,and were43% below February 2022. Thesales-to-listing ratio forcondosin Burnaby N orth,at 38% ,reflected aselers'm arket. Thecondom edian pricein Februarywas$660,500,a7% decreasefrom Januaryand 15% below February2022. Theaveragesold pricewas$688,765,5% below last m onth;theaveragePSF salepricewas$874,down 2% to lastm onth.
AVERAGEPRICE
AVERAGE PSF PRICE ▼ 9% VS 2022
MEDIAN PRICE
TOTALLISTINGS
SALES
▼ 14% VS 2022
▼ 15% VS 2022
▲ 39% VS 2022
▼ 43% VS 2022
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No. 91% 160 176
% Change
No.
% Change
TOTALLISTINGS TOTALSALES
$874 $688,765 $660,500 38% 92 245
-9% -14% -15% -59% -43% 39%
$893 $727,155 $706,500 17% 44 253
116% 109% -3%
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF
-2% -5% -7%
$958 $801,659 $777,950
▶ AVG PRICEPERSQUAREFOOT
▶ RECENTTRENDS
● FEB 202 ● FEB 2023
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
286
287
309
268
264
300 301
253
245
257
200
218
176
180
124
160
92
88
82
12
96
50
80
58
52
44
$778K $750K $729K
$704K $667K $707K $661K
$699K $650K $671K $676K
$651K $692K
BURNABYNORTH REBGV
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21% +
BALANCED 12 - 20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-L RATIO
80
70
4+ bdrms
60
50
68%
4
60%
3 bdrms
40
32
30
54
25%
20
2 bdrms
150
10%
10
0
34
<$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
40 27 68%
73 44 60%
71 18 25%
31 3 10%
9 0 n/a
15 0 n/a
4 0 n/a
63
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