the rennie review - August 2022

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

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