the rennie review - August 2022

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 ●

Made with FlippingBook - professional solution for displaying marketing and sales documents online