burnabynorth DETACHED -JANUARY 2023
SALES TO LISTINGSRATIO 12% BUYERS'M ARKET
▶ MARKETSUMMARY Therewere86 detachedlistingsin BurnabyN orth in January,1.2% aboveD ecem berand 41% higherthan January2022. January detached hom esalesdecreased by m onth-over-m onth,to 10,and were41% below January 2022. Thesales-to-listing ratio fordetached in Burnaby N orth, at12% ,reflected abuyers'm arket. Thedetachedm edian pricein Januarywas$1,958,000,a 9% increasefrom D ecem berand 10% below January 2022. Theaveragesold pricewas$2,050,975,5% abovelast m onth and down 16% toJanuary2022.
AVERAGEPRICE
MEDIAN PRICE
TOTALLISTINGS
SALES
▼ 16% VS 2022
▼ 10% VS 2022
▲ 41% VS 2022
▼ 41% VS 2022
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No.
% Change
No.
% Change
TOTALLISTINGS TOTALSALES
10 86
17 61
-16% -10% -58% -41% 41%
18 85
-45% -44% 1.2%
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE
$2,050,975 $1,958,000 12%
$1,956,173 $1,792,000 21%
$2,448,647 $2,168,000 28%
5% 9%
▶ RATIO OFMEDIAN PRICES
▶ RECENTTRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
131
122
18
15
2.62
109
92
2.46
87
95
86
93
85
2.06
61
64
37
47
30
28
40
25
24
18
1.30
1.26
22
19
10
17
16
1.06
$2.30M $2.17M $2.12M
$2.13M $2.20M $2.04M $2.08M
$2.04M $1.96M
$1.79M $1.96M
$1.75M $1.71M
Jan-22
Dec-22
Jan-23
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21% +
BALANCED 12 - 20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY ● S-L RATIO
30
100%
25
20
15
10
21%
13%
5
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+
S-L RATIO SALES INVENTORY
1 0 n/a
1 1 100%
30 4 13%
19 4 21%
16 0 n/a
19 1 5%
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