data pack: the vancouver rennie review | March 2025

burnaby south CONDO - FEBRUARY 2 0 2 5

SALES TO LISTINGS RATIO 13% BALANCED MARKET

▶ MARKET SUMMARY

AVERAGE PRICE

AVERAGE PSF PRICE ▼ 1.0% VS 2024

MEDIAN PRICE

TOTAL INVENTORY

SALES

▲ 4% VS 2024

▲ 4% VS 2024

▲ 49% VS 2024

▼ 33% VS 2024

There were 394 condo listings in Burnaby South in February, 18% above January and 49% higher than February 2024. February condo sales increased by 16% month-over-month, to 52, and were 33% below February 2024. The sales-to-listing ratio for condos in Burnaby South, at 13%, re'ected a balanced market. The condo median price in February was $789,000, a 1.3% decrease from January and 4% above February 2024. The average sold price was $818,568, 0.6% above last month; the average PSF sale price was $912, up 0.8% to last month.

THIS MONTH No.

PREVIOUS MONTH

PREVIOUS YEAR

No.

% Change

No.

% Change

TOTAL INVENTORY TOTAL SALES SALES-LISTINGS RATIO MEDIAN SOLD PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF

$912 $818,568 $789,000 13% 52 394

$921 $783,602 $757,500 30% 78 264

-55% -33% 49%

$905 $813,490 $799,500 13% 45 335

16% 18%

0.8% 0.6% -1.3% -1.7%

-1% 4% 4%

▶ AVG PRICE PER SQUARE FOOT

▶ RECENT TRENDS

● FEB 2024 ● FEB 2025

● SALES ● TOTAL INVENTORY ● MEDIAN PRICE

432

431

408

455

444

382

394

413

334

335

331

264

281

107

102

101

89

78

92

86

83

83

81

52

55

45

$800K

$789K

$779K

$758K

$758K

$750K

$740K

$745K

$730K

$730K

$726K

$720K

$676K

BURNABY SOUTH

REBGV

▶ NUMBER OF BEDROOMS

▶ TOTAL LISTINGS & SALES BY PRICE RANGE

SELLERS' MARKET 21% +

BALANCED 12 - 20%

BUYERS' MARKET <12%

● SALES ● TOTAL INVENTORY

● SALES ● TOTAL INVENTORY ● S-L RATIO

140

4+ bdrms

120

100

7

80

3 bdrms

47

60

22%

40

34

2 bdrms

15% 15%

10%

245

20

4%

0

11

<$600K $600K-799K $800K-999K $1.0M-1.24M $1.25M-1.49M $1.5M-1.99M $2.0M-2.49M $2.5M+

<2 bdrms

S-L RATIO SALES INVENTORY

48 7 15%

137 21 15%

134 14 10%

41 9 22%

24 1 4%

9 0 n/a

1 0 n/a

102

Copyright © 2025 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 March 10, 2025. All data from Greater Vancouver REALTORS®, Fraser Valley Real Estate Board, Whistler Listing 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. 19 ●

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