the rennie review - July 2022

burnabysouth TOWNHOME-JUNE 202

SALES TO LISTINGSRATIO 28% SELLERS'M ARKET

▶ MARKETSUMMARY

AVERAGEPRICE

AVERAGE PSF PRICE ▲ 23% VS 2021

MEDIAN PRICE

TOTALLISTINGS

SALES

▲ 12% VS 2021

▲ 4% VS 2021

▼ 39% VS 2021

▼ 59% VS 2021

Therewere46townhom elistingsin BurnabySouth in June,5% aboveM ayand 39% lowerthan June2021. Junetownhom esalesdecreased by38% m onth-over-m onth,to13,and were59% below June 2021. Thesales-to-listing ratio fortow nhom esin Burnaby South,at28% ,reflected aselers'm arket. Thetownhom em edian pricein Junewas$850,000,a 24% decreasefrom M ayand 4% aboveJune2021. Theaveragesold pricewas$961,650,7% below last m onth;theaveragePSF salepricewas$802,up 0.4% to lastm onth.

THISMONTH No.

PREVIOUSYEAR

PREVIOUSMONTH

No.

% Change

No.

% Change

TOTALLISTINGS TOTALSALES

13 46

32 75

23% 12% 4% -34% -59% -39%

21 44

0.4% -7% -24% -41% -38% 5%

SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF

$802 $961,650 $850,000 28%

$652 $861,975 $820,000 43%

$799 $1,035,143 $1,120,000 48%

▶ AVG PRICEPERSQUAREFOOT

▶ RECENTTRENDS

● JUN 2021 ● JUN 202

● SALES ● TOTALINVENTORY ● MEDIAN PRICE

75

61

68

53

42

46

35

44

43

33

33

29

28

32

21

20

28

27

26

25

15

20

13

17

13 13

$1.11M $1.12M

$1.03M $997K $1.00M

$915K $868K $836K

$870K $930K

$850K

$820K

$819K

BURNABYSOUTH REBGV

▶ NUMBEROFBEDROOMS

▶ TOTALLISTINGS&SALESBYPRICERANGE

SEL ERS'MARKET 21% +

BALANCED 12 - 20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY

● SALES ● TOTALINVENTORY ● S-L RATIO

12

4+ bdrms

10

6

8

7

3 bdrms

21

6

50% 50%

4

5

25%

2 bdrms

20%

17%

16

2

11%

0

1

<$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

4 1 25%

8 4 50%

8 4 50%

9 1 11%

12 2 17%

5 1 20%

3

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