burnaby south DETACHED - SEPTEMBER 2 0 2 4
SALES TO LISTINGS RATIO 12% BALANCED MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 13% VS 2023
▲ 31% VS 2023
▼ 0.4% VS 2023
▼ 14% VS 2023
There were 157 detached listings in Burnaby South in September, 16% above August and 31% higher than September 2023. September detached home sales remained the same month-over-month, at 19, and were 14% below September 2023. The sales-to-listing ratio for detached in Burnaby South, at 12%, re(ected a balanced market. The detached median price in September was $2,380,000, a 9% increase from August and 13% above September 2023. The average sold price was $2,309,968, 1.8% above last month and down 0.4% to September 2023.
THIS MONTH No. $2,309,968 $2,380,000 12% 19 157
PREVIOUS MONTH
PREVIOUS YEAR
No.
% Change
No.
% Change
TOTAL INVENTORY TOTAL SALES SALES-LISTINGS RATIO MEDIAN SOLD PRICE AVERAGE SOLD PRICE
$2,318,349 $2,099,000 18% 22 120
-0.4% 13% -34% -14% 31%
$2,269,342 $2,175,000 14% 19 135
1.8% 9% -14% 0% 16%
▶ RATIO OF MEDIAN PRICES
▶ RECENT TRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
157
145
139
139
118
135
2.49
120
2.26
111
2.21
101
99
91
88
82
30
26
25
23
22
1.41
22
12
1.32
9
19
1.25
21
19
19
16
$2.38M
$2.17M $2.33M
$2.13M
$2.13M $2.17M $2.18M $2.17M
$2.10M $2.15M
$1.86M
$1.72M $1.85M
23-Sep
24-Aug
24-Sep
▶ TOTAL LISTINGS & SALES BY PRICE RANGE
SELLERS' MARKET 21% +
BALANCED 12 - 20%
BUYERS' MARKET <12%
● SALES ● TOTAL INVENTORY ● S-L RATIO
40
30
20
26%
10
13%
8%
4%
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
2 0 n/a
39 5 13%
38 10 26%
24 2 8%
45 2 4%
7 0 n/a
2 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 October 9, 2024. 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. 17 ●
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