burnabynorth CONDO -OCTOBER 2 0 2 3
SALES TO LISTINGSRATIO 22% SELLERS'M ARKET
▶ MARKETSUMMARY Therewere429 condolistingsin BurnabyN orth in O ctober,9% aboveSeptem berand 63% higherthan October2022. O ctobercondosalesincreased by11% m onth-over-m onth,to93,and were60% aboveO ctober 2022. Thesales-to-listing ratio forcondosin Burnaby N orth,at 22% ,reflected aselers'm arket. Thecondom edian pricein Octoberwas$664,000,a0.6% decreasefrom Septem berand 4% below O ctober2022. Theaveragesold pricewas$720,971,1.4% below last m onth;theaveragePSF salepricewas$887,down 0.6% tolastm onth.
AVERAGEPRICE
AVERAGE PSF PRICE ▲ 1.0% VS 2022
MEDIAN PRICE
TOTALLISTINGS
SALES
▲ 3% VS 2022
▼ 4% VS 2022
▲ 63% VS 2022
▲ 60% VS 2022
THISMONTH No.
PREVIOUSMONTH
PREVIOUSYEAR
No.
% Change
No.
% Change
TOTALLISTINGS TOTALSALES
$887 $720,971 $664,000 22% 93 429
$878 $700,326 $692,000 22% 58 264
60% 63%
$892 $731,354 $668,000 21% 84 392
-0.6% -1.4% -0.6% 1.2% 11% 9%
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF
1% 3% -4% -1.3%
▶ AVG PRICEPERSQUAREFOOT
▶ RECENTTRENDS
● OCT 2022 ● OCT 2023
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
429
339
392
357
301
268
253
299
264
270
251
245
218
120 121
12
104
92
93
16
109
50
58
84
52
44
$692K $704K $667K $707K $661K $708K $680K
$696K $730K
$683K $652K $668K $664K
BURNABYNORTH REBGV
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21% +
BALANCED 12 - 20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-L RATIO
150
4+ bdrms
100
10
3 bdrms
42
32%
50
27%
46
2 bdrms
16%
253
11% 13%
0
37
<$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
1 0 n/a
75 24 32%
161 43 27%
117 19 16%
44 5 11%
16 2 13%
8 0 n/a
7 0 n/a
134
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