burnaby south DETACHED - MARCH 2 0 2 4
SALES TO LISTINGS RATIO 23% SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 6% VS 2023
▲ 17% VS 2023
▲ 23% VS 2023
▲ 44% VS 2023
There were 98 detached listings in Burnaby South in March, 9% above February and 23% higher than March 2023. March detached home sales increased by 44% month-over-month, to 23, and were 44% above March 2023. The sales-to-listing ratio for detached in Burnaby South, at 23%, reflected a sellers' market.
THIS MONTH No.
PREVIOUS MONTH
PREVIOUS YEAR
No.
% Change
No.
% Change
TOTAL INVENTORY TOTAL SALES SALES-LISTINGS RATIO MEDIAN SOLD PRICE AVERAGE SOLD PRICE
23 98
16 80
6% 17% 17% 44% 23%
16 90
-0.5% 17% 32% 44% 9%
The detached median price in March was $2,170,000, a 17% increase from February and 17% above March 2023.
$2,081,035 $2,170,000 23%
$2,091,469 $1,860,000 18%
$1,955,813 $1,852,500 20%
The average sold price was $2,081,035, 0.5% below last month and up 6% to March 2023.
▶ RATIO OF MEDIAN PRICES
▶ RECENT TRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
120
104
118
97
108
98
2.26
101
90
88
80
82
1.94
1.94
70
66
39
35
25
24
22
1.30
23
1.27
1.27
24
9
22
20
16
16
12
$2.17M
$2.13M
$2.00M $2.04M $2.09M $2.10M $2.15M
$1.85M $1.85M $2.00M
$1.86M
$1.72M $1.85M
23-Mar
24-Feb
24-Mar
▶ TOTAL LISTINGS & SALES BY PRICE RANGE
SELLERS' MARKET 21% +
BALANCED 12 - 20%
BUYERS' MARKET <12%
● SALES ● TOTAL INVENTORY ● S-L RATIO
30
25
20
15
43%
10
25%
25%
5
0
<$1M
$1.0M-1.24M $1.25M-1.49M $1.5M-1.99M $2.0M-2.49M $2.5M-2.99M $3.0M-3.99M $4.0M-4.99M $5.0M-5.99M
$6.0M+
S-L RATIO SALES INVENTORY
0 1 n/a
0 2 n/a
24 6 25%
21 9 43%
20 5 25%
29 0 n/a
3 0 n/a
1 0 n/a
Copyright © 2024 rennie group of companies. All rights reserved. This material may not be reproduced or distributed, in whole or in part, without the prior written permission of the rennie group of companies. Current as of April 10, 2024. All data from Greater Vancouver REALTORS®, Fraser Valley Real Estate Board, Whistler Listings System, and rennie. While the information and data contained herein has been obtained from sources deemed reliable, accuracy cannot be guaranteed. rennie group of companies does not assume responsibility or liability for any inaccuracies. The recipient of the information should take steps as the recipient may deem necessary to verify the information prior to placing any reliance upon the information. The information contained within this report should not be used as an opinion of value, such opinions should and can be obtained from a rennie and associates advisor. All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies. E.&O.E. 17 ●
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