burnabysouth DETACHED -AUGUST 2023
SALES TO LISTINGSRATIO 19% BALANCEDMARKET
▶ MARKETSUMMARY
AVERAGEPRICE
MEDIAN PRICE
TOTALLISTINGS
SALES
▼ 1.5% VS 2022
▼ 2.0% VS 2022
▲ 4% VS 2022
0.0% VS 2022
Therewere108 detachedlistingsin BurnabySouth in August,4% aboveJulyand 4% higherthan August2022. Augustdetached hom esalesdecreased by17% m onth-over-m onth,to 20,and were thesam ein August 2022. Thesales-to-listing ratio fordetached in Burnaby South, at19% ,reflected abalanced m arket.
THISMONTH No. $2,277,589 $2,085,000 19% 20 108
PREVIOUSMONTH
PREVIOUSYEAR
No.
% Change
No.
% Change
TOTALLISTINGS TOTALSALES
$2,311,640 $2,127,000 19% 20 104
0% 4%
$2,041,492 $2,040,000 23% 24 104
12% 2% -20% -17% 4%
Thedetachedm edian pricein Augustwas$2,085,000,a 2% increasefrom Julyand 2.0% below August2022.
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE
-1.5% -2% -4%
Theaveragesold pricewas$2,277,589,12% abovelast m onth and down 1.5% toAugust2022.
▶ RATIO OFMEDIAN PRICES
▶ RECENTTRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
104
108
104
97
109
106
90
2.30
80
79
74
73
70
66
1.75
39
1.631.60
35
1.50
24
21
16
1.28
20
20
24
16
14
12
12 12
$2.23M
$2.19M
$2.13M
$2.00M $2.00M $2.04M $2.09M
$1.91M
$1.76M
$1.71M $1.74M $1.85M $1.85M
22-Aug
23-Jul 23-Aug
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21% +
BALANCED 12 - 20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY ● S-L RATIO
30
20
30%
26%
10
16%
8%
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
4 0 n/a
30 9 30%
19 5 26%
19 3 16%
36 3 8%
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