burnabysouth DETACHED -MAY 202
SALES TO LISTINGSRATIO 23% SELLERS'M ARKET
▶ MARKETSUMMARY
AVERAGEPRICE
MEDIAN PRICE
TOTALLISTINGS
SALES
▲ 22% VS 2021
▲ 24% VS 2021
▼ 42% VS 2021
▼ 46% VS 2021
Therewere122 detachedlistingsin BurnabySouth in M ay,10% aboveApriland 42% lowerthan M ay2021. M ay detached hom esalesdecreased by 26% m onth-over-m onth,to28,and were46% below M ay 2021. Thesales-to-listing ratio fordetached in Burnaby South, at23% ,reflected aselers'm arket.
THISMONTH No. $2,278,403 $2,175,000 23% 28 122
PREVIOUSYEAR
PREVIOUSMONTH
No.
% Change
No.
% Change
TOTALLISTINGS TOTALSALES
$1,860,181 $1,747,000 25% 52 212
22% 24% -6% -46% -42%
$2,272,600 $2,206,000 34% 38 111
0.3% -1.4% -33% -26% 10%
Thedetachedm edian pricein M aywas$2,175,000,a 1.4% decreasefrom Apriland 24% aboveM ay2021.
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE
Theaveragesold pricewas$2,278,403,0.3% abovelast m onth and up 22% toM ay2021.
▶ RATIO OFMEDIAN PRICES
▶ RECENTTRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
212
189
1.99
1.99
148
1.92
164
128
153
12
122
1.65
100
1
80
1.48
76
1.36
55
44
41
40
66
52
38
38
28
39
38
32
31
24
$2.46M
$2.21M $2.21M $2.17M
$2.02M $1.91M
$2.00M $2.04M $1.93M
$1.75M $1.86M
$1.73M $1.83M
May-21
Apr-22
May-22
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21% +
BALANCED 12 - 20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY ● S-L RATIO
50
40
30
52%
20
10
17%
14%
14%
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
0 1 n/a
3 0 n/a
46 8 17%
23 12 52%
21 3 14%
29 4 14%
Copyright© June7,202 renniegroupofcom panies.Alrightsreserved.Thism aterialm aynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenperm is ionoftherenniegroupofcom panies.CurentasofJune7,202 .Aldatafrom RealEstateBoardof GreaterVancouverandFraserValey& Rennie.W hiletheinform ationanddatacontainedhereinhasbe nobtainedfrom sourcesde m edreliable,ac uracycannotbeguarante d.renniegroupofcom paniesdoesnotas um eresponsibiltyorliabiltyforanyinac uracies.Therecipient oftheinform ationshouldtakestepsastherecipientm ayde m neces arytoverifytheinform ationpriortoplacinganyrelianceupontheinform ation.Theinform ationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtained from aren ieandas ociatesadvisor.Alinform ationissubjecttochangeandanypropertym aybewithdrawnfrom them arketatanytim ewithoutnoticeorobligationtotherecipientfrom renniegroupofcom panies.E.&O.E.
●
17
Made with FlippingBook - professional solution for displaying marketing and sales documents online