burnabynorth CONDO -JANUARY 2023
SALES TO LISTINGSRATIO 17% BALANCEDMARKET
▶ MARKETSUMMARY Therewere254 condolistingsin BurnabyN orth in January,16% aboveD ecem berand 52% higherthan January2022. January condo salesdecreased by 12% m onth-over-m onth,to 44,and were58% below January 2022. Thesales-to-listing ratio forcondosin Burnaby N orth,at 17% ,reflected abalanced m arket. Thecondom edian pricein Januarywas$706,500,a6% changefrom D ecem berand 1.0% aboveJanuary2022. Theaveragesold pricewas$727,155,5% abovelast m onth;theaveragePSF salepricewas$893,up 5% to lastm onth.
AVERAGEPRICE
AVERAGE PSF PRICE ▲ 3% VS 2022
MEDIAN PRICE
TOTALLISTINGS
SALES
▼ 1.1% VS 2022
▲ 1.0% VS 2022
▲ 52% VS 2022
▼ 58% VS 2022
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No. 62% 104 167
% Change
No.
% Change
TOTALLISTINGS TOTALSALES
$893 $727,155 $706,500 17% 44 254
3% -1.1% 1% -72% -58% 52%
$850 $691,428 $667,444 23% 50 219
-24% -12% 16%
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF
5% 5% 6%
$867 $734,977 $699,500
▶ AVG PRICEPERSQUAREFOOT
▶ RECENTTRENDS
● JAN 202 ● JAN 2023
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
286
287
309
268
264
300
301
254
257
200
219
176
167
180
124
160
88
82
12
104
96
50
80
44
58
52
$778K $750K $729K
$700K
$699K $650K $671K $676K $651K
$692K $704K $667K $707K
BURNABYNORTH REBGV
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21% +
BALANCED 12 - 20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-L RATIO
80
4+ bdrms
1
60
1
3 bdrms
29
40
31%
30
2 bdrms
20
20%
15%
157
9% 11%
0
13
<$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
42 13 31%
86 17 20%
75 11 15%
22 2 9%
9 1 11%
13 0 n/a
6 0 n/a
67
Copyright© February6,2023renniegroupofcom panies.Alrightsreserved.Thism aterialm aynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenperm is ionoftherenniegroupofcom panies.CurentasofFebruary6,2023.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. 16 ●
Made with FlippingBook - professional solution for displaying marketing and sales documents online