the rennie review - October 2022

burnabysouth TOWNHOME-SEPTEMBER 202

SALES TO LISTINGSRATIO 15% BALANCEDMARKET

▶ MARKETSUMMARY Therewere54townhom elistingsin BurnabySouth in Septem ber,38% aboveAugustand 1.9% higherthan Septem ber2021. Septem bertownhom esalesdecreased by47% m onth-over-m onth,to 8,and were71% below Septem ber 2021. Thesales-to-listing ratio fortow nhom esin Burnaby South,at15% ,reflected abalanced m arket. Thetownhom em edian pricein Septem berwas $775,000,a16% decreasefrom Augustand 7% below Septem ber2021. Theaveragesold pricewas$768,813,17% below last m onth;theaveragePSF salepricewas$815,up 6% to lastm onth.

AVERAGEPRICE

AVERAGE PSF PRICE ▲ 15% VS 2021

MEDIAN PRICE

TOTALLISTINGS

SALES

▼ 20% VS 2021

▼ 7% VS 2021

▲ 1.9% VS 2021

▼ 71% VS 2021

THISMONTH No.

PREVIOUSYEAR

PREVIOUSMONTH

No.

% Change

No.

% Change

TOTALLISTINGS TOTALSALES

$815 $768,813 $775,000 15% 8 54

28 53

15% -20% -7% -72% -71% 1.9%

15 39

6% -17% -16% -61% -47% 38%

SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF

$710 $955,801 $835,500 53%

$768 $920,933 $925,000 38%

▶ AVG PRICEPERSQUAREFOOT

▶ RECENTTRENDS

● SEP 2021 ● SEP 202

● SALES ● TOTALINVENTORY ● MEDIAN PRICE

54

53

46

42

45

44

43

33

33

39

29

35

28

28

21

27

15

15

20

20

17

13 13

13

8

1

$1.11M $1.12M

$1.03M $997K $1.00M

$870K $930K

$850K $883K $925K

$836K

$819K

$775K

BURNABYSOUTH REBGV

▶ NUMBEROFBEDROOMS

▶ TOTALLISTINGS&SALESBYPRICERANGE

SEL ERS'MARKET 21% +

BALANCED 12 - 20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY

● SALES ● TOTALINVENTORY ● S-L RATIO

100%

4+ bdrms

15

10

2

57%

3 bdrms

10

25

5

5

2 bdrms

19

11%

6%

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

2 2 100%

7 4 57%

6%

9 1 11%

12 0 n/a

6 0 n/a

18 1

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