the rennie review DATA-DRIVEN INSIGHTS INTO SALES, LISTINGS, & PRICING TRENDS FOR 14 SUB-MARKETS IN THE VANCOUVER REGION
published August 2022
table of contents
02 INTRO
Each month, we release the rennie review, a detailed look at the real estate marketplace in the Vancouver Region. This report examines the market stats by sub-market, provides updates on current rennie projects, and more.
03 WHAT YOU NEED TO KNOW
04 FEATURED LISTINGS
NEIGHBOURHOOD PROFILES
05 08 11 14 17 20 23 26 29 32 35 38 41 44 47 48 51
Vancouver Region
Greater Vancouver Board Area Fraser Valley Board Area
Burnaby North Burnaby South
Ryan Berlin DIRECTOR OF INTELLIGENCE & SENIOR ECONOMIST rberlin@rennie.com
Ryan Wyse SENIOR ANALYST rwyse@rennie.com
Coquitlam
Langley
North Delta
New Westminster North Vancouver
Richmond Squamish
Surrey
Vancouver East
Vancouver Downtown
Vancouver West West Vancouver
53 AREA MAPS
56 CURRENT PROJECTS
Copyright © 2022 rennie group of companies. All rights reserved. This material may not be reproduced or distributed, in whole or in part, without the prior written permission of the rennie group of companies. Current as of August 4, 2022. All data from Real Estate Board of Greater Vancouver and Fraser Valley & Rennie. While the information and data contained herein has been obtained from sources deemed reliable, accuracy cannot be guaranteed. rennie group of companies does not assume responsibility or liability for any inaccuracies. The recipient of the information should take steps as the recipient may deem necessary to verify the information prior to placing any reliance upon the information. The information contained within this report should not be used as an opinion of value, such opinions should and can be obtained from a rennie and associates advisor. All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies. E.&O.E. 2
Vancouver’s housing market regaining its balance
A decline in overall sales and listings activity has ushered the Vancouver Region’s housing market into balance for the first time in more than two years. For each individual product type, however, market conditions vary.
inventory) were, at 6,129, the lowest recorded for any July since 2002.
All of this has nudged overall market conditions into balanced territory for the first time in more than two years, as the sales-to-listings (S-L) ratio for July came in at 18% (anything between 12% and 21% is considered a balanced market). The situation facing each of the individual home types, however, differs. The detached home segment, for instance—the first segment to achieve balance back in May—now favours buyers, with its S-L ratio of just under 12%. Townhomes, meanwhile, are demonstrating balanced conditions, with an S-L ratio of 19%, while the condo market continues to favour sellers, though at a rapidly-ebbing S-L ratio of 25% in July. The early returns for August are following a similar pattern to July: that is, slower sales activity and marginally declining supply. And with the trajectory of macroeconomic conditions—the labour market, inflation, and interest rates, specifically—remaining unchanged for the time being, we expect these latest trends to continue into at least early September.
With summer now in full swing—the kids are out of school and Vancouverites are traveling in large numbers—conditions in our local housing market continue to evolve in predictable ways. Specifically, MLS activity on both sides of the supply and demand ledger was down in July, as would-be sellers and buyers hit pause after a frenetic two years of activity and recently rapidly rising interest rates to spend more time at parks, on patios, and on planes. The result of this slowdown in activity is that overall market conditions no longer favour sellers (or buyers) for the first time since May 2020. So how did we get to this currently- balanced market? Certainly, and most simply, the biggest factor is declining sales counts. Overall sales in the Vancouver Region declined 23% in July when compared with June, were 46% below the total from July 2021, and were 38% lower than the
past 10-year July average. In fact, the 2,850 sales last month represents the lowest total for a July in more than two decades, going all the way back to the year 2000. And while sales counts were down substantially across each product type, demand for detached homes sagged the most, with the 877 sales in July lower by 54% than the past 10-year average, while townhome sales (480) and condo sales (1,421) were 44% and 17% lower, respectively. As noted, however, sales weren’t the only metric on the decline in July. After six consecutive months of increases, total listings decreased last month to 15,975, a 2% drop. Inventory remains well below the historical norm for this time of year, with July’s total listings finishing 17% below the past 10-year average for the month. Notably, inventory declined even as sales counts waned, as new listings in July (that is, the number of listings added to existing
Copyright © 2022 rennie group of companies. All rights reserved. This material may not be reproduced or distributed, in whole or in part, without the prior written permission of the rennie group of companies. Current as of August 4, 2022. All data from Real Estate Board of Greater Vancouver and Fraser Valley & Rennie. While the information and data contained herein has been obtained from sources deemed reliable, accuracy cannot be guaranteed. rennie group of companies does not assume responsibility or liability for any inaccuracies. The recipient of the information should take steps as the recipient may deem necessary to verify the information prior to placing any reliance upon the information. The information contained within this report should not be used as an opinion of value, such opinions should and can be obtained from a rennie and associates advisor. All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies. E.&O.E. 3
featured listings SEARCH FOR THE HOME YOU LOVE AT RENNIE.COM
House
House
Shaw Tower
$4,499,000 | SQUAMISH 40543 Thunderbird Ridge 4 Bed, 2,700 SF
$3,498,000 | WEST VAN
$2,999,900 | COAL HARBOUR 3104 - 1077 W. Cordova Street 2 Bed, 1,363 SF
4621 Birchfeild Place 4 Bed, 3,217 SF Eric Langhjelm PREC* 778.688.4149
Liz Kaiser 604.848.8804
Jane Chu PREC* 778.886.3303
House
House
House
$2,899,000 | SQUAMISH
$2,599,900 | BURNABY NORTH
$2,499,000 | SURREY
2916 Snowberry Place 5 Bed, 4,500 SF
9961 Casewell Street 9 Bed, 3,808 SF Rob Breckwoldt PREC* 604.459.7778
8697 166b Street 8 Bed, 5,649 SF Harp Sohal 604.781.1307
Jeevan Gill 604.617.2159
Mirabel
House
Telus Garden
$2,474,900 | WEST END 1603E - 1365 Davie Street 2 Bed, 1,329 SF
$1,999,900 | SQUAMISH
$1,688,000 | DOWNTOWN 4806 - 777 Richards Street 2 Bed, 1,135 SF
39705 Clark Road 2 Bed, 2,050 SF Will Black 778.847.7378
Julian Proctor 604.220.6924
Brandan Price PREC* 604.765.9555
Wintergreen Place At Langara $1,249,000 | CAMBIE 115 - 444 W. 49th Avenue 2 Bed, 1,339 SF
Seymour Village $1,549,900 | NORTH VAN
Quartet
$998,000 | SOUTH MARINE PH1008 - 3451 Sawmill Crescent 2 Bed, 959 SF
4 - 3596 Salal Drive 3 Bed, 1,872 SF Danny Chow PREC* 604.765.2469
Calvin Kan PREC* 604.616.8373
Hanson Lu PREC* 604.787.2578
Espana
Pelican Cove $899,900 | LADNER 133 - 1894 Osprey Drive 3 Bed, 1,305 SF
Compass $869,900 | SURREY 11 - 18777 68a Avenue
$979,000 | DOWNTOWN 802 - 689 Abbott Street 2 Bed, 935 SF
3 Bed, 1,562 SF Laura Benitez 604.351.2002
Pavel Stepczynski 604.722.6043
Allison Lafrenier 604.612.1271
Amazing Brentwood 3 $838,000 | BURNABY NORTH 1505 - 4650 Brentwood Boulevard 2 Bed, 777 SF Reggie Tanzola PREC* 778.917.6889
Townhome
Brooklynn
$849,000 | PORT COQUITLAM
$845,000 | NORTH VAN 604 - 1496 Charlotte Road 2 Bed, 879 SF
A - 3374 Sefton Street 4 Bed, 1,711 SF Brandon Blue PREC* 604.999.7792
Phil Chang PREC* 604.754.6678
Copyright © 2022 rennie group of companies. All rights reserved. This material may not be reproduced or distributed, in whole or in part, without the prior written permission of the rennie group of companies. Current as of June 7, 2022. While the information and data contained herein has been obtained from sources deemed reliable, accuracy cannot be guaranteed. rennie group of companies does not assume responsibility or liability for any inaccuracies. The recipient of the information should take steps as the recipient may deem necessary to verify the information prior to placing any reliance upon the information. The information contained within this report should not be used as an opinion of value, such opinions should and can be obtained from a rennie and associates advisor. All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies. E.&O.E.
4
vancouverregion DETACHED -JULY 202
SALES TO LISTINGSRATIO 12% BUYERS'M ARKET
▶ MARKETSUMMARY Therewere7,368 detached listingsin theVancouver Region in July,3% below Juneand 18% higherthan July 2021. July detached hom esalesdecreased by 20% m onth-over-m onth,to 877,and were54% below July 2021. Thesales-to-listing ratio fordetached in the Vancouver Region,at12% ,reflected abuyers'm arket.
AVERAGEPRICE
MEDIAN PRICE
TOTALLISTINGS
SALES
▲ 9% VS 2021
▲ 10% VS 2021
▲ 18% VS 2021
▼ 54% VS 2021
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No.
% Change
No.
% Change
TOTALLISTINGS TOTALSALES
12% 877 7,368
1,899 6,236
9% 10% -61% -54% 18%
1,090 7,584
-17% -20% -3%
Thedetachedm edian pricein Julywas$1,600,000,a3% decreasefrom Juneand 10% aboveJuly2021.
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE
$1,908,717 $1,650,000 14%
$1,699,314 $1,450,000 30%
Theaveragesold pricewas$1,856,230,3% below last m onth and up 9% toJuly2021.
-3% -3%
$1,856,230 $1,600,000
▶ RATIO OFMEDIAN PRICES
▶ RECENTTRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
7,193
7,584
7,368
6,236
1.85
5,481
5,397
6,295
1.80
1.79
5,531
4,587
4,181
4,694
1.44
1.42
1.38
3,318
2,319
3,120
1,879
1,794
1,899
1,090
1,788
1,752
1,697
1,571
1,490
877
1,284
1,150
$1.83M $1.80M $1.73M $1.85M $1.89M
$1.65M $1.60M
$1.60M $1.69M $1.69M
$1.45M $1.48M $1.54M
Jul-21
Jun-22
Jul-22
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21% +
BALANCED 12 - 20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY ● S-L RATIO
2000
1500
1000
28%
500
23%
21%
19%
17%
14%
12%
7%
4%
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+ 1,890 85 4%
S-L RATIO SALES INVENTORY
130 27 21%
69 16 23%
223 43 19%
418 117 28%
954 162 17%
1,863 257 14%
946 113 12%
875 57 7%
Copyright© August4,202 renniegroupofcom panies.Alrightsreserved.Thism aterialm aynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenperm is ionoftherenniegroupofcom panies.CurentasofAugust4,202 .Aldatafrom RealEstateBoardof GreaterVancouverandFraserValey& Rennie.W hiletheinform ationanddatacontainedhereinhasbe nobtainedfrom sourcesde m edreliable,ac uracycannotbeguarante d.renniegroupofcom paniesdoesnotas um eresponsibiltyorliabiltyforanyinac uracies.Therecipient oftheinform ationshouldtakestepsastherecipientm ayde m neces arytoverifytheinform ationpriortoplacinganyrelianceupontheinform ation.Theinform ationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtained from aren ieandas ociatesadvisor.Alinform ationissubjecttochangeandanypropertym aybewithdrawnfrom them arketatanytim ewithoutnoticeorobligationtotherecipientfrom renniegroupofcom panies.E.&O.E.
●
5
vancouverregion TOWNHOME-JULY 202
SALES TO LISTINGSRATIO 19% BALANCEDMARKET
▶ MARKETSUMMARY Therewere2,445 townhom elistingsin theVancouver Region in July,0.4% aboveJuneand 46% higherthan July 2021. Julytownhom esalesdecreased by38% m onth-over-m onth,to 475,and were52% below July 2021. Thesales-to-listing ratio fortow nhom esin theVancouver Region,at19% ,reflected abalanced m arket. Thetownhom em edian pricein Julywas$893,000,a2% decreasefrom Juneand 14% aboveJuly2021. Theaveragesold pricewas$958,457,4% below last m onth;theaveragePSF salepricewas$636,down 7% to lastm onth.
AVERAGEPRICE
AVERAGE PSF PRICE ▲ 9% VS 2021
MEDIAN PRICE
TOTALLISTINGS
SALES
▲ 13% VS 2021
▲ 14% VS 2021
▲ 46% VS 2021
▼ 52% VS 2021
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No.
% Change
No.
% Change
TOTALLISTINGS TOTALSALES
19% 475 2,445
59% 987 1,674
9% 13% 14% -67% -52% 46%
32% 771 2,435
-39% -38% 0.4%
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF
$636 $958,457 $893,000
$680 $999,541 $915,000
-7% -4% -2%
$581 $850,270 $781,000
▶ AVG PRICEPERSQUAREFOOT
▶ RECENTTRENDS
● JUL 2021 ● JUL 202
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
2,445
2,373 2,435
2,003
1,678
1,674
1,306
1,252
1,227
1,076
1,377
942
987
782
771
766
1,013
1,001 973
925
912
895
801
475
587
574
$990K $1.02M $1000K $983K
$925K $915K $893K
$847K $880K $900K
$781K $790K $834K
VANCOUVERREGION REBGV
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21% +
BALANCED 12 - 20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-L RATIO
85
800
4+ bdrms
537
600
271
3 bdrms
1,317
400
113
26%
21% 19%
2 bdrms
200
15% 17%
549
13% 12%
8%
0
6
<$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
26 4 15%
101 17 17%
489 127 26%
881 183 21%
426 80 19%
269 36 13%
177 22 12%
8%
42
76 6
Copyright© August4,202 renniegroupofcom panies.Alrightsreserved.Thism aterialm aynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenperm is ionoftherenniegroupofcom panies.CurentasofAugust4,202 .Aldatafrom RealEstateBoardofGreater VancouverandFraserValey& Ren ie.W hiletheinform ationanddatacontainedhereinhasbe nobtainedfrom sourcesde m edreliable,ac uracycannotbeguarante d.renniegroupofcom paniesdoesnotas um eresponsibiltyorliabiltyforanyinac uracies.Therecipientoftheinform ationshould takestepsastherecipientm ayde m neces arytoverifytheinform ationpriortoplacinganyrelianceupontheinform ation.Theinform ationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfrom arennieandas ociatesadvisor.Al inform ationissubjecttochangeandanypropertym aybewithdrawnfrom them arketatanytim ewithoutnoticeorobligationtotherecipientfrom ren iegroupofcom panies.E.&O.E. 6 ●
vancouverregion CONDO -JULY 202
SALES TO LISTINGSRATIO 26% SELLERS'M ARKET
▶ MARKETSUMMARY
AVERAGEPRICE
AVERAGE PSF PRICE ▲ 11% VS 2021
MEDIAN PRICE
TOTALLISTINGS
SALES
▲ 14% VS 2021
▲ 10% VS 2021
▼ 1.2% VS 2021
▼ 36% VS 2021
Therewere5,559 condolistingsin theVancouverRegion in July,-1.5% below Juneand 1.2% lowerthan July2021.
Julycondosalesdecreased by18% m onth-over-m onth,to 1,421,and were36% below July2021.
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No.
% Change
No.
% Change
Thesales-to-listing ratio forcondosin the Vancouver Region,at26% ,reflected aselers'm arket.
TOTALLISTINGS TOTALSALES
1,421 5,559
2,234 5,628
-36% -36% -1.2%
1,734 5,645
-1.6% -0.1% -1.5% -17% -18% -1.5%
Thecondom edian pricein Julywas$640,000,a1.5% decreasefrom Juneand 10% aboveJuly2021. Theaveragesold pricewas$736,021,0.1% below last m onth;theaveragePSF salepricewas$850,down 1.6% tolastm onth.
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF
$850 $736,021 $640,000 26%
$764 $647,379 $583,000 40%
$864 $736,453 $650,000 31%
11% 14% 10%
▶ AVG PRICEPERSQUAREFOOT
▶ RECENTTRENDS
● JUL 2021 ● JUL 202
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
5,367
5,302
5,628
5,559
5,645
5,103
4,076
4,072
4,681
4,617
3,620
3,16
2,441
2,363
2,966
2,230
2,769
2,056
2,234
2,382
2,246
2,192
2,007
1,421
1,731
1,734
$680K $666K $650K $640K
$671K $695K $685K
$590K $598K $608K $620K $628K
$583K
VANCOUVERREGION REBGV
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21% +
BALANCED 12 - 20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-L RATIO
45 1
1500
4+ bdrms
1000
80
3 bdrms
603
39%
29%
500
786
24%
22% 22%
2 bdrms
3,135
10% 8%
5%
0
554
<$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
249 61 24%
1,340 517 39%
1,620 474 29%
881 194 22%
432 96 22%
327 32 10%
325 27 8%
385 20 5%
1,776
Copyright© August4,202 renniegroupofcom panies.Alrightsreserved.Thism aterialm aynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenperm is ionoftherenniegroupofcom panies.CurentasofAugust4,202 .Aldatafrom RealEstateBoardofGreater VancouverandFraserValey& Ren ie.W hiletheinform ationanddatacontainedhereinhasbe nobtainedfrom sourcesde m edreliable,ac uracycannotbeguarante d.renniegroupofcom paniesdoesnotas um eresponsibiltyorliabiltyforanyinac uracies.Therecipientoftheinform ationshould takestepsastherecipientm ayde m neces arytoverifytheinform ationpriortoplacinganyrelianceupontheinform ation.Theinform ationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfrom arennieandas ociatesadvisor.Al inform ationissubjecttochangeandanypropertym aybewithdrawnfrom them arketatanytim ewithoutnoticeorobligationtotherecipientfrom ren iegroupofcom panies.E.&O.E. 7 ●
greatervancouverboard area DETACHED -JULY 202
SALES TO LISTINGSRATIO 12% BALANCEDMARKET
▶ MARKETSUMMARY Therew ere 4,338 detached listingsin the G reater Vancouverboard areain July,3% below Juneand 7% higherthan July2021. July detached hom esalesdecreased by 19% m onth-over-m onth,to 532,and were49% below July 2021. Thesales-to-listing ratio fordetached in the G reater Vancouverboard area,at12% ,reflected abalanced market. Thedetachedm edian pricein Julywas$1,748,750,a3% decreasefrom Juneand 9% aboveJuly2021.
AVERAGEPRICE
MEDIAN PRICE
TOTALLISTINGS
SALES
▲ 6% VS 2021
▲ 9% VS 2021
▲ 7% VS 2021
▼ 49% VS 2021
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No.
% Change
No.
% Change
TOTALLISTINGS TOTALSALES
12% 532 4,338
1,044 4,051
-52% -49% 7%
15% 658 4,463
-17% -19% -3%
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE
$1,919,861 $1,611,000 26%
Theaveragesold pricewas$2,044,130,3% below last m onth and up 6% toJuly2021.
$2,105,177 $1,800,000
-3% -3%
$2,044,130 $1,748,750
6% 9%
▶ RATIO OFMEDIAN PRICES
▶ RECENTTRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
4,236
4,463
4,338
4,051
3,656
1.79
3,254
1.77
1.76
3,714
3,688
2,875
2,799
3,180
1.48
1.47
1.42
2,264
2,21
1,298
1,092
1,007
985
1,044
957
935 950
532
793
795
658
623
$1.99M $2.01M $2.00M $2.00M $1.90M
$1.80M $1.75M
$1.76M $1.85M $1.85M
$1.61M $1.65M $1.67M
Jul-21
Jun-22
Jul-22
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21% +
BALANCED 12 - 20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY ● S-L RATIO
1600
1400
1200
1000
800
600
28%
25%
400
22%
20%
17%
16%
15%
200
7%
5%
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+ 1,461 70 5%
S-L RATIO SALES INVENTORY
56 14 25%
45 7 16%
96 19 20%
165 47 28%
400 86 22%
949 158 17%
575 88 15%
591 43 7%
Copyright© August4,202 renniegroupofcom panies.Alrightsreserved.Thism aterialm aynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenperm is ionoftherenniegroupofcom panies.CurentasofAugust4,202 .Aldatafrom RealEstateBoardof GreaterVancouverandFraserValey& Rennie.W hiletheinform ationanddatacontainedhereinhasbe nobtainedfrom sourcesde m edreliable,ac uracycannotbeguarante d.renniegroupofcom paniesdoesnotas um eresponsibiltyorliabiltyforanyinac uracies.Therecipient oftheinform ationshouldtakestepsastherecipientm ayde m neces arytoverifytheinform ationpriortoplacinganyrelianceupontheinform ation.Theinform ationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtained from aren ieandas ociatesadvisor.Alinform ationissubjecttochangeandanypropertym aybewithdrawnfrom them arketatanytim ewithoutnoticeorobligationtotherecipientfrom renniegroupofcom panies.E.&O.E.
●
8
greatervancouverboard area TOWNHOME-JULY 202
SALES TO LISTINGSRATIO 21% SELLERS'M ARKET
▶ MARKETSUMMARY Therewere1,141 townhom elistingsin theG reater Vancouverboard areain July,3% aboveJuneand 18% higherthan July2021. Julytownhom esalesdecreased by41% m onth-over-m onth,to 240,and were53% below July 2021. Thesales-to-listing ratio fortow nhom esin theG reater Vancouverboard area,at21% ,reflected aselers'm arket. Thetownhom em edian pricein Julywas$990,000,a 2.0% decreasefrom Juneand 10% aboveJuly2021. Theaveragesold pricewas$1,066,355,5% below last m onth;theaveragePSF salepricewas$735,down 7% to lastm onth.
AVERAGEPRICE
AVERAGE PSF PRICE ▲ 8% VS 2021
MEDIAN PRICE
TOTALLISTINGS
SALES
▲ 11% VS 2021
▲ 10% VS 2021
▲ 18% VS 2021
▼ 53% VS 2021
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No. 53% 508 964
% Change
No.
% Change
TOTALLISTINGS TOTALSALES
21% 240 1,141
8% 11% 10% -60% -53% 18%
37% 409 1,108
-43% -41% 3%
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF
$735 $1,066,355 $990,000
$787 $1,120,064 $1,010,000
-7% -5% -2%
$681 $958,408 $898,950
▶ AVG PRICEPERSQUAREFOOT
▶ RECENTTRENDS
● JUL 2021 ● JUL 202
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
1,141
1,127
1,108
964
792
921
754
825
599
597
667
500
629
508
409
387
502
503
493
477
467
446
441
365
284
240
$1.10M $1.10M $1.15M $1.10M
$1.03M $1.01M $990K
$995K $969K
$899K
$899K $960K $945K
REBGV
FVREB
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21% +
BALANCED 12 - 20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-L RATIO
300
40
250
4+ bdrms
202
200
139
3 bdrms
150
624
100
32%
29%
56
22%
2 bdrms
17%
17%
50
279
11%
8%
8%
0
5
<$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
13 1 8%
30 5 17%
135 43 32%
274 79 29%
241 54 22%
206 34 17%
166 18 11%
8%
36
76 6
Copyright© August4,202 renniegroupofcom panies.Alrightsreserved.Thism aterialm aynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenperm is ionoftherenniegroupofcom panies.CurentasofAugust4,202 .Aldatafrom RealEstateBoardofGreater VancouverandFraserValey& Ren ie.W hiletheinform ationanddatacontainedhereinhasbe nobtainedfrom sourcesde m edreliable,ac uracycannotbeguarante d.renniegroupofcom paniesdoesnotas um eresponsibiltyorliabiltyforanyinac uracies.Therecipientoftheinform ationshould takestepsastherecipientm ayde m neces arytoverifytheinform ationpriortoplacinganyrelianceupontheinform ation.Theinform ationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfrom arennieandas ociatesadvisor.Al inform ationissubjecttochangeandanypropertym aybewithdrawnfrom them arketatanytim ewithoutnoticeorobligationtotherecipientfrom ren iegroupofcom panies.E.&O.E. 9 ●
greatervancouverboard area CONDO -JULY 202
SALES TO LISTINGSRATIO 25% SELLERS'M ARKET
▶ MARKETSUMMARY
AVERAGEPRICE
AVERAGE PSF PRICE ▲ 9% VS 2021
MEDIAN PRICE
TOTALLISTINGS
SALES
▲ 12% VS 2021
▲ 7% VS 2021
▼ 4% VS 2021
▼ 37% VS 2021
Therewere4,269 condolistingsin theG reater Vancouverboard areain July,-1.4% below Juneand 4% lowerthan July2021. Julycondosalesdecreased by20% m onth-over-m onth,to 1,064,and were37% below July2021.
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No.
% Change
No.
% Change
Thesales-to-listing ratio forcondosin the G reater Vancouverboard area,at25% ,reflected aselers'm arket.
TOTALLISTINGS TOTALSALES
1,064 4,269
1,678 4,465
9% 12% 7% -34% -37% -4%
1,326 4,331
-0.1% 1.5% -0.8% -19% -20% -1.4%
Thecondom edian pricein Julywas$692,750,a0.8% decreasefrom Juneand 7% aboveJuly2021. Theaveragesold pricewas$796,661,1.5% abovelast m onth;theaveragePSF salepricewas$914,down 0.1% tolastm onth.
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF
$914 $796,661 $692,750 25%
$841 $708,220 $649,900 38%
$916 $785,208 $698,000 31%
▶ AVG PRICEPERSQUAREFOOT
▶ RECENTTRENDS
● JUL 2021 ● JUL 202
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
4,397
4,465
4,136
4,269
4,331
4,166
3,412
3,838
3,684
3,227
2,313
2,856
2,546
1,863
2,396
1,808
1,827
1,605
1,678
1,694
1,632 1,630
1,464
1,064
1,315
1,326
$735K $716K $698K $693K
$725K $735K $740K
$650K $645K $655K $655K $668K $680K
REBGV
FVREB
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21% +
BALANCED 12 - 20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-L RATIO
1200
43 1
4+ bdrms
1000
800
62
3 bdrms
510
600
43%
32%
400
575
23% 22%
2 bdrms
20%
2,318
200
9% 8%
5%
0
426
<$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
115 23 20%
679 292 43%
1,236 401 32%
817 184 23%
404 88 22%
317 30 9%
320 26 8%
381 20 5%
1,398
Copyright© August4,202 renniegroupofcom panies.Alrightsreserved.Thism aterialm aynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenperm is ionoftherenniegroupofcom panies.CurentasofAugust4,202 .Aldatafrom RealEstateBoardofGreater VancouverandFraserValey& Ren ie.W hiletheinform ationanddatacontainedhereinhasbe nobtainedfrom sourcesde m edreliable,ac uracycannotbeguarante d.renniegroupofcom paniesdoesnotas um eresponsibiltyorliabiltyforanyinac uracies.Therecipientoftheinform ationshould takestepsastherecipientm ayde m neces arytoverifytheinform ationpriortoplacinganyrelianceupontheinform ation.Theinform ationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfrom arennieandas ociatesadvisor.Al inform ationissubjecttochangeandanypropertym aybewithdrawnfrom them arketatanytim ewithoutnoticeorobligationtotherecipientfrom ren iegroupofcom panies.E.&O.E. 10 ●
fraservaley board area DETACHED -JULY 202
SALES TO LISTINGSRATIO 11% BUYERS'M ARKET
▶ MARKETSUMMARY Therew ere 3,030 detached listingsin the FraserValey board areain July,3% below Juneand 39% higherthan July2021. July detached hom esalesdecreased by 20% m onth-over-m onth,to 344,and were60% below July 2021. Thesales-to-listing ratio fordetached in the FraserValey board area,at11% ,reflected abuyers'm arket.
AVERAGEPRICE
MEDIAN PRICE
TOTALLISTINGS
SALES
▲ 9% VS 2021
▲ 8% VS 2021
▲ 39% VS 2021
▼ 60% VS 2021
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No.
% Change
No.
% Change
TOTALLISTINGS TOTALSALES
11% 344 3,030
39% 850 2,185
-71% -60% 39%
14% 428 3,121
-17% -20% -3%
Thedetachedm edian pricein Julywas$1,420,000,a4% decreasefrom Juneand 8% aboveJuly2021.
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE
Theaveragesold pricewas$1,568,274,3% below last m onth and up 9% toJuly2021.
$1,613,915 $1,475,000
-3% -4%
$1,568,274 $1,420,000
$1,434,080 $1,312,500
9% 8%
▶ RATIO OFMEDIAN PRICES
▶ RECENTTRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
2,957
3,030
3,121
1.80
2,227
2,581
1.73
1.69
2,185
1.62
1,788
1.58
1,741
1.57
1,843
1,306
1,514
1,018
909
840
806
1,054
850
428
777
744
740
694
609
523
344
485
$1.70M $1.61M $1.75M $1.78M
$1.56M $1.58M
$1.53M $1.48M $1.42M
$1.36M $1.41M $1.45M
$1.31M
Jul-21
Jun-22
Jul-22
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21% +
BALANCED 12 - 20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY ● S-L RATIO
1000
800
600
400
38%
28%
200
18%
18%
14%
11%
7%
5%
3%
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
74 13 18%
24 9 38%
127 23 18%
253 70 28%
554 76 14%
914 99 11%
371 25 7%
284 14 5%
429 15 3%
Copyright© August4,202 renniegroupofcom panies.Alrightsreserved.Thism aterialm aynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenperm is ionoftherenniegroupofcom panies.CurentasofAugust4,202 .Aldatafrom RealEstateBoardof GreaterVancouverandFraserValey& Rennie.W hiletheinform ationanddatacontainedhereinhasbe nobtainedfrom sourcesde m edreliable,ac uracycannotbeguarante d.renniegroupofcom paniesdoesnotas um eresponsibiltyorliabiltyforanyinac uracies.Therecipient oftheinform ationshouldtakestepsastherecipientm ayde m neces arytoverifytheinform ationpriortoplacinganyrelianceupontheinform ation.Theinform ationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtained from aren ieandas ociatesadvisor.Alinform ationissubjecttochangeandanypropertym aybewithdrawnfrom them arketatanytim ewithoutnoticeorobligationtotherecipientfrom renniegroupofcom panies.E.&O.E.
●
11
fraservaley board area TOWNHOME-JULY 202
SALES TO LISTINGSRATIO 18% BALANCEDMARKET
▶ MARKETSUMMARY Therewere1,304 townhom elistingsin theFraserValey board areain July,1.7% below Juneand 84% higherthan July2021. Julytownhom esalesdecreased by35% m onth-over-m onth,to 235,and were51% below July 2021. Thesales-to-listing ratio fortow nhom esin theFraser Valey board area,at18% ,reflected abalanced m arket. Thetownhom em edian pricein Julywas$840,000,a 1.8% decreasefrom Juneand 15% aboveJuly2021. Theaveragesold pricewas$848,263,1.7% below last m onth;theaveragePSF salepricewas$534,down 4% to lastm onth.
AVERAGEPRICE
AVERAGE PSF PRICE ▲ 12% VS 2021
MEDIAN PRICE
TOTALLISTINGS
SALES
▲ 15% VS 2021
▲ 15% VS 2021
▲ 84% VS 2021
▼ 51% VS 2021
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No. 67% 479 710
% Change
No.
% Change
TOTALLISTINGS TOTALSALES
18% 235 1,304
12% 15% 15% -73% -51% 84%
27% 362 1,327
-4% -1.7% -1.8% -34% -35% -1.7%
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF
$534 $848,263 $840,000
$559 $863,370 $855,000
$476 $735,585 $729,000
▶ AVG PRICEPERSQUAREFOOT
▶ RECENTTRENDS
● JUL 2021 ● JUL 202
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
1,246
1,304
1,327
924
1,082
710
628
623
552
514
508
438
416
479
362
512
320
447
445
409
391
376
360
235
290
200
$970K $950K $913K
$870K $930K
$870K $855K $840K
$765K $786K $824K
$729K $735K
FVREB
REBGV
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21% +
BALANCED 12 - 20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-L RATIO
600
45
4+ bdrms
335
500
400
132
3 bdrms
693
300
36%
200
57
24%
23%
2 bdrms
17%
17%
270
14%
100
3%
0
6 1
<$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
13 3 23%
71 12 17%
354 84 24%
607 104 17%
185 26 14%
63 2 3%
11 4 36%
Copyright© August4,202 renniegroupofcom panies.Alrightsreserved.Thism aterialm aynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenperm is ionoftherenniegroupofcom panies.CurentasofAugust4,202 .Aldatafrom RealEstateBoardofGreater VancouverandFraserValey& Ren ie.W hiletheinform ationanddatacontainedhereinhasbe nobtainedfrom sourcesde m edreliable,ac uracycannotbeguarante d.renniegroupofcom paniesdoesnotas um eresponsibiltyorliabiltyforanyinac uracies.Therecipientoftheinform ationshould takestepsastherecipientm ayde m neces arytoverifytheinform ationpriortoplacinganyrelianceupontheinform ation.Theinform ationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfrom arennieandas ociatesadvisor.Al inform ationissubjecttochangeandanypropertym aybewithdrawnfrom them arketatanytim ewithoutnoticeorobligationtotherecipientfrom ren iegroupofcom panies.E.&O.E. 12 ●
fraservaley board area CONDO -JULY 202
SALES TO LISTINGSRATIO 28% SELLERS'M ARKET
▶ MARKETSUMMARY Therewere1,290 condolistingsin theFraserValey board areain July,-1.8% below Juneand 11% higherthan July2021. Julycondosalesdecreased by13% m onth-over-m onth,to 356,and were36% below July2021.
AVERAGEPRICE
AVERAGE PSF PRICE ▲ 24% VS 2021
MEDIAN PRICE
TOTALLISTINGS
SALES
▲ 20% VS 2021
▲ 19% VS 2021
▲ 11% VS 2021
▼ 36% VS 2021
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No.
% Change
No.
% Change
Thesales-to-listing ratio forcondosin the FraserValey board area,at28% ,reflected aselers'm arket.
TOTALLISTINGS TOTALSALES
28% 356 1,290
48% 555 1,163
24% 20% 19% -42% -36% 11%
31% 408 1,314
-5% -4% -0.9% -11% -13% -1.8%
Thecondom edian pricein Julywas$535,000,a0.9% decreasefrom Juneand 19% aboveJuly2021. Theaveragesold pricewas$556,003,4% below last m onth;theaveragePSF salepricewas$658,down 5% to lastm onth.
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF
$658 $556,003 $535,000
$695 $578,002 $539,800
$530 $463,451 $449,800
▶ AVG PRICEPERSQUAREFOOT
▶ RECENTTRENDS
● JUL 2021 ● JUL 202
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
1,231
1,290
1,163
1,314
905
849
997
779
937
764
660
801
598
542
555
614
408
562
555
548
517
451
356
415
420
373
$564K $572K $570K
$567K $548K $540K $535K
$510K $529K
$450K $465K $473K $481K
FVREB
REBGV
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21% +
BALANCED 12 - 20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-L RATIO
700
600
4+ bdrms
2
500
18
400
3 bdrms
93
300
34%
29%
200
28%
211
2 bdrms
20% 20%
19%
16%
817
100
0
127
<$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
134 37 28%
661 225 34%
384 73 19%
64 10 16%
28 8 29%
10 2 20%
5 1 20%
4 0 n/a
378
Copyright© August4,202 renniegroupofcom panies.Alrightsreserved.Thism aterialm aynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenperm is ionoftherenniegroupofcom panies.CurentasofAugust4,202 .Aldatafrom RealEstateBoardofGreater VancouverandFraserValey& Ren ie.W hiletheinform ationanddatacontainedhereinhasbe nobtainedfrom sourcesde m edreliable,ac uracycannotbeguarante d.renniegroupofcom paniesdoesnotas um eresponsibiltyorliabiltyforanyinac uracies.Therecipientoftheinform ationshould takestepsastherecipientm ayde m neces arytoverifytheinform ationpriortoplacinganyrelianceupontheinform ation.Theinform ationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfrom arennieandas ociatesadvisor.Al inform ationissubjecttochangeandanypropertym aybewithdrawnfrom them arketatanytim ewithoutnoticeorobligationtotherecipientfrom ren iegroupofcom panies.E.&O.E. 13 ●
burnabynorth DETACHED -JULY 202
SALES TO LISTINGSRATIO 23% SELLERS'M ARKET
▶ MARKETSUMMARY
AVERAGEPRICE
MEDIAN PRICE
TOTALLISTINGS
SALES
▲ 21% VS 2021
▲ 15% VS 2021
▲ 0.8% VS 2021
▼ 38% VS 2021
Therewere122 detachedlistingsin BurnabyN orth in July,-7% below Juneand 0.8% higherthan July2021. July detached hom esalesincreased by 27% m onth-over-m onth,to28,and were38% below July 2021. Thesales-to-listing ratio fordetached in Burnaby N orth, at23% ,reflected aselers'm arket.
THISMONTH No. $2,258,417 $2,082,500 23% 28 122
PREVIOUSYEAR
PREVIOUSMONTH
No.
% Change
No.
% Change
TOTALLISTINGS TOTALSALES
$1,870,564 $1,810,000 37% 45 121
21% 15% -38% -38% 0.8%
$2,271,718 $2,044,500 17% 22 131
37% 27% -7%
Thedetachedm edian pricein Julywas$2,082,500,a 1.9% increasefrom Juneand 15% aboveJuly2021.
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE
Theaveragesold pricewas$2,258,417,0.6% below last m onth and up 21% toJuly2021.
-0.6% 1.9%
▶ RATIO OFMEDIAN PRICES
▶ RECENTTRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
131
18
122
121
100
2.38
105
87
80
2.15
93
2.02
84
64
45
61
59
38
37
47
30
1.46
1.44
40
28
1.32
32 33
30
27
22
17
$2.30M $2.17M $2.12M
$2.13M $2.20M $2.04M $2.08M
$1.93M $1.99M
$1.81M $1.70M $1.68M $1.82M
Jul-21
Jun-22
Jul-22
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21% +
BALANCED 12 - 20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY ● S-L RATIO
40
30
20
40%
28%
24%
10
18%
13%
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
5 2 40%
43 12 28%
34 8 24%
17 3 18%
23 3 13%
Copyright© August4,202 renniegroupofcom panies.Alrightsreserved.Thism aterialm aynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenperm is ionoftherenniegroupofcom panies.CurentasofAugust4,202 .Aldatafrom RealEstateBoardof GreaterVancouverandFraserValey& Rennie.W hiletheinform ationanddatacontainedhereinhasbe nobtainedfrom sourcesde m edreliable,ac uracycannotbeguarante d.renniegroupofcom paniesdoesnotas um eresponsibiltyorliabiltyforanyinac uracies.Therecipient oftheinform ationshouldtakestepsastherecipientm ayde m neces arytoverifytheinform ationpriortoplacinganyrelianceupontheinform ation.Theinform ationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtained from aren ieandas ociatesadvisor.Alinform ationissubjecttochangeandanypropertym aybewithdrawnfrom them arketatanytim ewithoutnoticeorobligationtotherecipientfrom renniegroupofcom panies.E.&O.E.
●
14
burnabynorth TOWNHOME-JULY 202
SALES TO LISTINGSRATIO 21% SELLERS'M ARKET
▶ MARKETSUMMARY
AVERAGEPRICE
AVERAGE PSF PRICE ▲ 8% VS 2021
MEDIAN PRICE
TOTALLISTINGS
SALES
▲ 4% VS 2021
▲ 8% VS 2021
▼ 30% VS 2021
▼ 68% VS 2021
Therewere38 townhom elistingsin BurnabyN orth in July,9% aboveJuneand 30% lowerthan July2021.
Julytownhom esalesdecreased by53% m onth-over-m onth,to8,and were68% below July2021.
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No.
% Change
No.
% Change
Thesales-to-listing ratio fortow nhom esin Burnaby N orth,at21% ,reflected aselers'm arket.
TOTALLISTINGS TOTALSALES
$668 $884,500 $969,000 21% 8 38
25 54
-55% -68% -30%
17 35
1.6% 1.2% 13% -57% -53% 9%
Thetownhom em edian pricein Julywas$969,000,a13% increasefrom Juneand 8% aboveJuly2021. Theaveragesold pricewas$884,500,1.2% abovelast m onth;theaveragePSF salepricewas$668,up 1.6% to lastm onth.
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF
$620 $851,940 $896,000 46%
$657 $873,847 $860,000 49%
8% 4% 8%
▶ AVG PRICEPERSQUAREFOOT
▶ RECENTTRENDS
● JUL 2021 ● JUL 202
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
54
38
37
35
38
33
33
29
33
26
25
23
25
18
24
17
23
15
18
18
17
16
12
12
1
8
$969K
$950K $989K $978K
$919K
$896K
$857K $883K $905K
$860K
$789K $750K
$750K
BURNABYNORTH REBGV
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21% +
BALANCED 12 - 20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-L RATIO
10
4+ bdrms
8
8
80%
5
6
3 bdrms
17
4
30%
3
2 bdrms
2
11
10%
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
2 0 n/a
10 3 30%
10 1 10%
5 4 80%
7 0 n/a
4 0 n/a
2
Copyright© August4,202 renniegroupofcom panies.Alrightsreserved.Thism aterialm aynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenperm is ionoftherenniegroupofcom panies.CurentasofAugust4,202 .Aldatafrom RealEstateBoardofGreater VancouverandFraserValey& Ren ie.W hiletheinform ationanddatacontainedhereinhasbe nobtainedfrom sourcesde m edreliable,ac uracycannotbeguarante d.renniegroupofcom paniesdoesnotas um eresponsibiltyorliabiltyforanyinac uracies.Therecipientoftheinform ationshould takestepsastherecipientm ayde m neces arytoverifytheinform ationpriortoplacinganyrelianceupontheinform ation.Theinform ationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfrom arennieandas ociatesadvisor.Al inform ationissubjecttochangeandanypropertym aybewithdrawnfrom them arketatanytim ewithoutnoticeorobligationtotherecipientfrom ren iegroupofcom panies.E.&O.E. 15 ●
burnabynorth CONDO -JULY 202
SALES TO LISTINGSRATIO 27% SELLERS'M ARKET
▶ MARKETSUMMARY
AVERAGEPRICE
AVERAGE PSF PRICE ▲ 14% VS 2021
MEDIAN PRICE
TOTALLISTINGS
SALES
▲ 9% VS 2021
▲ 9% VS 2021
▼ 1.0% VS 2021
▼ 29% VS 2021
Therewere301 condolistingsin BurnabyN orth in July, 0.3% aboveJuneand 1.0% lowerthan July2021.
Julycondosalesdecreased by17% m onth-over-m onth,to 80,and were29% below July2021.
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No. 37% 113 304
% Change
No.
% Change
Thesales-to-listing ratio forcondosin Burnaby N orth,at 27% ,reflected aselers'm arket.
TOTALLISTINGS TOTALSALES
$867 $686,398 $671,000 27% 80 301
14% 9% 9% -28% -29% -1%
$861 $678,294 $649,500 32% 96 300
0.6% 1.2% 3% -17% -17% 0.3%
Thecondom edian pricein Julywas$671,000,a3% increasefrom Juneand 9% aboveJuly2021. Theaveragesold pricewas$686,398,1.2% abovelast m onth;theaveragePSF salepricewas$867,up 0.6% to lastm onth.
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF
$761 $631,158 $615,000
▶ AVG PRICEPERSQUAREFOOT
▶ RECENTTRENDS
● JUL 2021 ● JUL 202
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
286
304
301
309
302
300
297
208
200
230
176
167
180
132
127
124
124
160
145
13
17
12
104
101
80
96
$778K $750K $729K
$693K $700K
$699K $650K $671K
$665K $650K $644K
$615K $655K
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
4
60
3 bdrms
27
44%
40
36%
44
2 bdrms
15%
20
195
10%
8%
6%
0
32
<$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
61 27 44%
107 38 36%
72 11 15%
34 2 6%
10 1 10%
12 1 8%
3 0 n/a
79
Copyright© August4,202 renniegroupofcom panies.Alrightsreserved.Thism aterialm aynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenperm is ionoftherenniegroupofcom panies.CurentasofAugust4,202 .Aldatafrom RealEstateBoardofGreater VancouverandFraserValey& Ren ie.W hiletheinform ationanddatacontainedhereinhasbe nobtainedfrom sourcesde m edreliable,ac uracycannotbeguarante d.renniegroupofcom paniesdoesnotas um eresponsibiltyorliabiltyforanyinac uracies.Therecipientoftheinform ationshould takestepsastherecipientm ayde m neces arytoverifytheinform ationpriortoplacinganyrelianceupontheinform ation.Theinform ationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfrom arennieandas ociatesadvisor.Al inform ationissubjecttochangeandanypropertym aybewithdrawnfrom them arketatanytim ewithoutnoticeorobligationtotherecipientfrom ren iegroupofcom panies.E.&O.E. 16 ●
Page 1 Page 2 Page 3 Page 4 Page 5 Page 6 Page 7 Page 8 Page 9 Page 10 Page 11 Page 12 Page 13 Page 14 Page 15 Page 16 Page 17 Page 18 Page 19 Page 20 Page 21 Page 22 Page 23 Page 24 Page 25 Page 26 Page 27 Page 28 Page 29 Page 30 Page 31 Page 32 Page 33 Page 34 Page 35 Page 36 Page 37 Page 38 Page 39 Page 40 Page 41 Page 42 Page 43 Page 44 Page 45 Page 46 Page 47 Page 48 Page 49 Page 50 Page 51 Page 52 Page 53 Page 54 Page 55 Page 56 Page 57 Page 58 Page 59 Page 60 Page 61 Page 62 Page 63Made with FlippingBook - professional solution for displaying marketing and sales documents online