burnabysouth DETACHED-FEBRUARY 202
SALESTO LISTINGSRATIO 54% SELLERS'MARKET
▶ MARKETSUMMARY
AVERAGEPRICE
MEDIANPRICE
TOTALLISTINGS
SALES
▲ 41% VS2021
▲ 45% VS2021
▼ 33% VS2021
▼ 10% VS2021
Therewere80detachedlistingsinBurnabySouthin February,5%aboveJanuaryand33%lowerthanFebruary 2021. Februarydetachedhomesalesincreasedby79% month-over-month,to43,andwere10%belowFebruary 2021. Thesales-to-listingratiofordetachedinBurnabySouth, at54%,reflectedaselers'market. ThedetachedmedianpriceinFebruarywas$2,460,000, a28%increasefromJanuaryand45%aboveFebruary 2021. Theaveragesoldpricewas$2,577,002,23%abovelast monthandup41%toFebruary2021.
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No.
%Change
No.
%Change
TOTALLISTINGS TOTALSALES
43 80
$1,833,808 $1,700,000 40% 48 120
41% 45% 34% -10% -33%
24 76
23% 28% 70% 79% 5%
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE
$2,577,002 $2,460,000 54%
$2,092,671 $1,927,550 32%
▶ RATIOOFMEDIANPRICES
▶ RECENTTRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTALINVENTORY ● MEDIANPRICE
201
212
189
169
2.47
148
164
128
153
2.19
100
120
1.87
76
71
80
62
55
52
44
40
66
38
48
43
1.39
1.38
1.30
39
38
31
24
$2.46M
$2.04M
$2.02M
$2.00M
$1.93M
$1.91M
$1.86M
$1.83M
$1.78M
$1.77M $1.70M
$1.75M
$1.73M
Feb-21
Jan-22
Feb-22
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELERS'MARKET 21%+
BALANCED 12-20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY ● S-LRATIO
30
25
20
69%
69%
60%
15
39%
10
5
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-LRATIO SALES INVENTORY
3 0 n/a
16 11 69%
20 12 60%
13 9 69%
28 11 39%
Copyright©March7,202reniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofMarch7,202.AldatafromRealEstateBoardof GreaterVancouverandFraserValey&Rennie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipient oftheinformationshouldtakestepsastherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtained fromarenieandasociatesadvisor.Alinformationissubjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromrenniegroupofcompanies.E.&O.E.
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