burnabynorth DETACHED -JULY 2023
SALES TO LISTINGSRATIO 34% SELLERS'M ARKET
▶ MARKETSUMMARY
AVERAGEPRICE
MEDIAN PRICE
TOTALLISTINGS
SALES
▼ 12% VS 2022
▼ 11% VS 2022
▼ 26% VS 2022
▲ 11% VS 2022
Therewere90 detached listingsin BurnabyN orth in July, 3% aboveJuneand 26% lowerthan July2022. July detached hom esalesincreased by 35% m onth-over-m onth,to31,and were11% aboveJuly 2022. Thesales-to-listing ratio fordetached in Burnaby N orth, at34% ,reflected aselers'm arket.
THISMONTH No.
PREVIOUSMONTH
PREVIOUSYEAR
No.
% Change
No.
% Change
TOTALLISTINGS TOTALSALES
31 90
$2,258,417 $2,082,500 23% 28 122
-12% -11% 50% 11% -26%
23 87
-9% -10% 30% 35% 3%
Thedetachedm edian pricein Julywas$1,850,000,a10% decreasefrom Juneand 11% below July2022.
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE
$1,988,729 $1,850,000 34%
$2,181,991 $2,050,000 26%
Theaveragesold pricewas$1,988,729,9% below last m onth and down 12% toJuly2022.
▶ RATIO OFMEDIAN PRICES
▶ RECENTTRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
15
122
109
92
2.47
87
86 85
90
95
87
86
85
2.15
79
2.02
42
35
26
25
24
31
28
1.44
18
31
1.34
23
19
16
1.14
10
$2.08M
$2.09M $2.05M $2.05M
$2.04M $1.96M
$1.96M $1.93M $1.89M
$1.85M
$1.79M
$1.75M $1.71M
22-Jul
23-Jun 23-Jul
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21% +
BALANCED 12 - 20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY ● S-L RATIO
25
20
76%
15
10
32%
5
8%
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
0 2 n/a
25 19 76%
25 8 32%
16 0 n/a
24 2 8%
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