burnaby south TOWNHOME - JULY 2 0 2 4
SALES TO LISTINGS RATIO 23% SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▲ 4% VS 2023
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 33% VS 2023
▼ 20% VS 2023
▼ 25% VS 2023
▼ 6% VS 2023
There were 65 townhome listings in Burnaby South in July, 3% above June and 33% higher than July 2023.
July townhome sales increased by 15% month-over-month, to 15, and were 6% below July 2023.
THIS MONTH No.
PREVIOUS MONTH
PREVIOUS YEAR
No.
% Change
No.
% Change
The sales-to-listing ratio for townhomes in Burnaby South, at 23%, reflected a sellers' market.
TOTAL INVENTORY TOTAL SALES SALES-LISTINGS RATIO MEDIAN SOLD PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
15 65
16 49
4% -20% -25% -29% -6% 33%
13 63
5% -16% -21% 12% 15% 3%
The townhome median price in July was $942,000, a 21% decrease from June and 25% below July 2023. The average sold price was $977,503, 16% below last month; the average PSF sale price was $821, up 5% to last month.
$821 $977,503 $942,000 23%
$791 $1,217,728 $1,249,000 33%
$782 $1,164,453 $1,190,000 21%
▶ AVG PRICE PER SQUARE FOOT
▶ RECENT TRENDS
● JUL 2023 ● JUL 2024
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
65
63
50
47
49
43
49
46
38
39
36
33
30
19
19
16
15
15
16
15
13
13
11
10
10
9
$1.25M $1.19M
$1.20M
$1.19M
$1.08M $1.10M
$1.06M
$1.05M $1.10M
$960K
$960K
$942K
$929K
BURNABY SOUTH
REBGV
▶ NUMBER OF BEDROOMS
▶ TOTAL LISTINGS & SALES BY PRICE RANGE
SELLERS' MARKET 21% +
BALANCED 12 - 20%
BUYERS' MARKET <12%
● SALES ● TOTAL INVENTORY
● SALES ● TOTAL INVENTORY ● S-L RATIO
20
4+ bdrms
5
15
9
3 bdrms
32
43%
10
31%
27%
6
2 bdrms
5
13%
26
0
<2 bdrms
<$600K $600K-799K $800K-999K $1.0M-1.24M $1.25M-1.49M $1.5M-1.99M $2.0M-2.49M $2.5M+
2
S-L RATIO SALES INVENTORY
2 0 n/a
7 3 43%
22 6 27%
13 4 31%
15 2 13%
5 0 n/a
1 0 n/a
Copyright © 2024 rennie group of companies. All rights reserved. This material may not be reproduced or distributed, in whole or in part, without the prior written permission of the rennie group of companies. Current as of August 6, 2024. All data from Greater Vancouver REALTORS®, Fraser Valley Real Estate Board, Whistler Listing System, and rennie. While the information and data contained herein has been obtained from sources deemed reliable, accuracy cannot be guaranteed. rennie group of companies does not assume responsibility or liability for any inaccuracies. The recipient of the information should take steps as the recipient may deem necessary to verify the information prior to placing any reliance upon the information. The information contained within this report should not be used as an opinion of value, such opinions should and can be obtained from a rennie and associates advisor. All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies. E.&O.E. 18 ●
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