the rennie review - May 2021

burnabynorth CONDO-APRIL 2021

SALESTO LISTINGSRATIO 66% SELLER'SMARKET

▶ MARKETSUMMARY

AVERAGEPRICE

AVERAGE PSFPRICE ▲ 15% VS2020

MEDIANPRICE

TOTALLISTINGS

SALES

▲ 10% VS2020

▲ 15% VS2020

▲ 13% VS2020

▲ 858% VS2020

Therewere275condolistingsinBurnabyNorthinApril, 0.7%aboveMarchand13%higherthanApril2020.

Aprilcondosalesdecreasedby9%month-over-month,to 182,andwere858%aboveApril2020.

THISMONTH No.

PREVIOUSYEAR

PREVIOUSMONTH

No. 8% 19 243

%Change

No. 74% 201 273

%Change

Thesales-to-listingratioforcondosinBurnabyNorth,at 66%,reflectedaseler'smarket.

TOTALLISTINGS TOTALSALES

66% 182 275

746% 858% 13%

0.1% -4% -6% -10% -9% 0.7%

ThecondomedianpriceinAprilwas$613,000,a6% decreasefromMarchand15%aboveApril2020. Theaveragesoldpricewas$635,244,4%belowlast month;theaveragePSFsalepricewas$788,down0.1% tolastmonth.

SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF

$788 $635,244 $613,000

$788 $664,108 $649,000

$688 $577,184 $534,000

15% 10% 15%

▶ AVGPRICEPERSQUAREFOOT

▶ RECENTTRENDS

● APR 2020 ● APR 2021

● SALES ● TOTALINVENTORY ● MEDIANPRICE

379

414

407

400

323

312

343

324

273

275

293

243

201

245

182

10

102

85

129

48

97

96

87 91

63

19

$649K

$625K

$608K

$613K

$598K

$587K

$590K

$582K

$560K

$559K

$534K

$530K

$525K

BURNABYNORTH REBGV

▶ NUMBEROFBEDROOMS

▶ TOTALLISTINGS&SALESBYPRICERANGE

SELER'SMARKET 21%+

BALANCED 12-20%

BUYER'SMARKET <12%

● SALES ● TOTALINVENTORY

● SALES ● TOTALINVENTORY ● S-LRATIO

100

100%+

4+bdrms

80

76% 73%

60

10

60%

3bdrms

22

40

40%

109

25%

2bdrms

20

14%

188

0

65 63

<$400K $400-599K $600-799K $800-999K $1.0M-1.24M $1.25M-1.49M $1.5M-1.99M $2M+

<2bdrms

S-LRATIO SALES INVENTORY

13 17 131%

92 70 76%

90 66 73%

57 23 40%

14 2 14%

5 3 60%

4 1 25%

Copyright©May1,2021renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofMay1,2021.AldatafromRealEstateBoardofGreaterVancouverand FraserValey&Rennie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipientoftheinformationshouldtakestepsas therecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfromarennieandasociatesadvisor.Alinformationis subjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromreniegroupofcompanies.E.&O.E. 16 ●

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