burnaby south TOWNHOME - FEBRUARY 2 0 2 4
SALES TO LISTINGS RATIO 25% SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▲ 3% VS 2023
MEDIAN PRICE
TOTAL LISTINGS
SALES
▲ 6% VS 2023
▼ 1.7% VS 2023
▼ 2% VS 2023
▼ 36% VS 2023
There were 36 townhome listings in Burnaby South in February, 9% above January and 6% higher than February 2023. February townhome sales decreased by 40% month-over-month, to 9, and were 36% below February 2023. The sales-to-listing ratio for townhomes in Burnaby South, at 25%, re&ected a sellers' market. The townhome median price in February was $960,000, a 13% decrease from January and 2% below February 2023. The average sold price was $1,068,089, 2% below last month; the average PSF sale price was $841, up 16% to last month.
THIS MONTH No. $841 $1,068,089 $960,000 25% 9 36
PREVIOUS MONTH
PREVIOUS YEAR
No.
% Change
No.
% Change
TOTAL LISTINGS TOTAL SALES SALES-LISTINGS RATIO MEDIAN SOLD PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
14 34
3% -1.7% -2% -39% -36% 6%
15 33
16% -2% -13% -45% -40% 9%
$820 $1,086,356 $980,400 41%
$724 $1,094,853 $1,099,000 45%
▶ AVG PRICE PER SQUARE FOOT
▶ RECENT TRENDS
● FEB 2023 ● FEB 2024
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
56
50
50
43
49
40
46
38
36
36
34
27
26
33
30
16
15
15
19
14
16
14
13
9
11
10
$1.25M $1.19M
$1.20M
$1.10M
$1.06M
$1.05M $1.10M
$980K
$990K
$955K
$960K
$929K
$791K
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
12
1
10
4+ bdrms
3
8
4
3 bdrms
6
14
45%
38%
4
4
2 bdrms
18
13%
2
0
<2 bdrms
<$400K $400-599K $600-799K $800-999K $1.0M-1.24M $1.25M-1.49M $1.5M-1.99M $2M+
1
S-L RATIO SALES INVENTORY
4 0 n/a
11 5 45%
8 1 13%
8 3 38%
5 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 March 7, 2024. All data from Real Estate Board of Greater Vancouver and Fraser Valley & 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. 18 ●
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