the rennie review - May 2023

burnabysouth TOWNHOME-APRIL 2023

SALES TO LISTINGSRATIO 75% SELLERS'M ARKET

▶ MARKETSUMMARY

AVERAGEPRICE

AVERAGE PSF PRICE ▼ 1.0% VS 2022

MEDIAN PRICE

TOTALLISTINGS

SALES

▲ 11% VS 2022

▼ 0.7% VS 2022

▼ 16% VS 2022

0.0% VS 2022

Therewere36townhom elistingsin BurnabySouth in April,10% below M arch and 16% lowerthan April2022. Apriltownhom esalesincreased by93% m onth-over-m onth,to 27,and werethesam ein April 2022. Thesales-to-listing ratio fortow nhom esin Burnaby South,at75% ,reflected aselers'm arket. Thetownhom em edian pricein Aprilwas$1,100,000,a 15% increasefrom M arch and 0.7% below April2022. Theaveragesold pricewas$1,180,337,11% abovelast m onth;theaveragePSF salepricewas$821,up 5% to lastm onth.

THISMONTH No.

PREVIOUSMONTH

PREVIOUSYEAR

No.

% Change

No.

% Change

TOTALLISTINGS TOTALSALES

27 36

27 43

-1% 11% -0.7% 19% 0% -16%

14 40

5% 11% 15% 114% 93% -10%

SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF

$821 $1,180,337 $1,100,000 75%

$829 $1,061,074 $1,108,000 63%

$783 $1,060,071 $955,000 35%

▶ AVG PRICEPERSQUAREFOOT

▶ RECENTTRENDS

● APR 202 ● APR 2023

● SALES ● TOTALINVENTORY ● MEDIAN PRICE

56

54

46

40

43

45

45

44

36

39

35

34

27

24

27

29

21

15

14

1

16

14

13

5

1

8

$1.11M $1.12M

$1.10M

$1.07M

$987K $907K

$980K $955K

$905K

$883K $925K

$850K

$775K

BURNABYSOUTH REBGV

▶ NUMBEROFBEDROOMS

▶ TOTALLISTINGS&SALESBYPRICERANGE

SEL ERS'MARKET 21% +

BALANCED 12 - 20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY

● SALES ● TOTALINVENTORY ● S-L RATIO

14

8

100%+

100%

4+ bdrms

12

6

83%

10

10

63%

3 bdrms

8

17

50%

6

6

4

2 bdrms

12

2

0

3

<2 bdrms

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

1

S-L RATIO SALES INVENTORY

4 6 150%

8 5 63%

4 4 100%

6 5 83%

14 7 50%

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