burnabysouth DETACHED-OCTOBER 2021
SALESTO LISTINGSRATIO 34% SELLERS'MARKET
▶ MARKETSUMMARY Therewere128detachedlistingsinBurnabySouthin October,14%belowSeptemberand24%lowerthan October2020. Octoberdetachedhomesalesincreasedby42% month-over-month,to44,andwere7%aboveOctober 2020. Thesales-to-listingratiofordetachedinBurnabySouth, at34%,reflectedaselers'market. ThedetachedmedianpriceinOctoberwas$1,830,000,a 6%increasefromSeptemberand14%aboveOctober 2020. Theaveragesoldpricewas$1,961,784,3%abovelast monthandup10%toOctober2020.
AVERAGEPRICE
MEDIANPRICE
TOTALLISTINGS
SALES
▲ 10% VS2020
▲ 14% VS2020
▼ 24% VS2020
▲ 7% VS2020
THISMONTH No. $1,961,784 $1,830,000 34% 44 128
PREVIOUSYEAR
PREVIOUSMONTH
No.
%Change
No.
%Change
TOTALLISTINGS TOTALSALES
$1,776,505 $1,600,000 24% 41 168
10% 14% 41% 7% -24%
$1,906,876 $1,725,000 21% 31 148
64% 42% -14%
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE
3% 6%
▶ RATIOOFMEDIANPRICES
▶ RECENTTRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTALINVENTORY ● MEDIANPRICE
201
212
189
169
168
2.10
2.06
148
2.00
164
153
120
128
135
120
14
71
62
1.36
52
1.32
1.27
40
39
38
44
41
48
39
31
26
24
$2.02M
$1.91M
$1.86M
$1.83M
$1.78M
$1.77M $1.70M
$1.75M
$1.73M
$1.62M
$1.60M
$1.57M
$1.58M
Oct-20
Sep-21
Oct-21
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELERS'MARKET 21%+
BALANCED 12-20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY ● S-LRATIO
40
30
80%
20
46%
10
20%
18%
3%
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
10 2 20%
30 24 80%
28 13 46%
22 4 18%
38 1 3%
Copyright©November8,2021renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofNovember8,2021.AldatafromRealEstate BoardofGreaterVancouverandFraserValey&Rennie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycanotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.The recipientoftheinformationshouldtakestepsastherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbe obtainedfromarennieandasociatesadvisor.Alinformationissubjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromrenniegroupofcompanies.E.&O.E.
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