the rennie review - June 2022

burnabysouth TOWNHOME-MAY 202

SALES TO LISTINGSRATIO 42% SELLERS'M ARKET

▶ MARKETSUMMARY

AVERAGEPRICE

AVERAGE PSF PRICE ▲ 15% VS 2021

MEDIAN PRICE

TOTALLISTINGS

SALES

▲ 15% VS 2021

▲ 29% VS 2021

▼ 36% VS 2021

▼ 44% VS 2021

Therewere43townhom elistingsin BurnabySouth in M ay,nochangetoApriland 36% lowerthan M ay2021. M aytownhom esalesdecreased by33% m onth-over-m onth,to18,and were44% below M ay 2021. Thesales-to-listing ratio fortow nhom esin Burnaby South,at42% ,reflected aselers'm arket. Thetownhom em edian pricein M aywas$1,130,000,a 2.0% increasefrom Apriland 29% aboveM ay2021. Theaveragesold pricewas$1,043,500,1.7% below last m onth;theaveragePSF salepricewas$795,down 4% to lastm onth.

THISMONTH No.

PREVIOUSYEAR

PREVIOUSMONTH

No.

% Change

No.

% Change

TOTALLISTINGS TOTALSALES

18 43

32 67

15% 15% 29% -12% -44% -36%

27 43

-4% -1.7% 2% -33% -33% 0%

SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF

$795 $1,043,500 $1,130,000 42%

$692 $910,903 $879,000 48%

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

▶ AVG PRICEPERSQUAREFOOT

▶ RECENTTRENDS

● MAY 2021 ● MAY 202

● SALES ● TOTALINVENTORY ● MEDIAN PRICE

75

67

61

68

53

42 43

43

35

33

33

32

29

28

32

27

20

28

25 26

15

18

20

17

13 13

$1.11M $1.13M

$1.03M $997K $1.00M

$915K

$879K $820K

$870K $930K

$868K $836K

$819K

BURNABYSOUTH REBGV

▶ NUMBEROFBEDROOMS

▶ TOTALLISTINGS&SALESBYPRICERANGE

SEL ERS'MARKET 21% +

BALANCED 12 - 20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY

● SALES ● TOTALINVENTORY ● S-L RATIO

12

2

100%+

10

4+ bdrms

7

8

8

3 bdrms

6

18

50%

36%

4

30%

6

22%

2 bdrms

2

17

0

2

<$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

2 1 50%

10 3 30%

9 2 22%

4 8 200%

11 4 36%

7 0 n/a

1

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