burnabysouth CONDO-OCTOBER 2021
SALESTO LISTINGSRATIO 59% SELLERS'MARKET
▶ MARKETSUMMARY Therewere248condolistingsinBurnabySouthin October,23%belowSeptemberand45%lowerthan October2020. Octobercondosalesincreasedby28% month-over-month,to147,andwere50%aboveOctober 2020. Thesales-to-listingratioforcondosinBurnabySouth,at 59%,reflectedaselers'market. ThecondomedianpriceinOctoberwas$660,000,a0.5% increasefromSeptemberand12%aboveOctober2020. Theaveragesoldpricewas$685,748,1.0%belowlast month;theaveragePSFsalepricewas$824,down1.4% tolastmonth.
AVERAGEPRICE
AVERAGE PSFPRICE ▲ 12% VS2020
MEDIANPRICE
TOTALLISTINGS
SALES
▲ 14% VS2020
▲ 12% VS2020
▼ 45% VS2020
▲ 50% VS2020
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No.
%Change
No. 36% 115 322
%Change
TOTALLISTINGS TOTALSALES
59% 147 248
$733 $599,861 $587,500 22% 98 450
12% 14% 12% 172% 50% -45%
-1.4% -1% 0.5% 66% 28% -23%
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF
$824 $685,748 $660,000
$836 $692,847 $656,789
▶ AVGPRICEPERSQUAREFOOT
▶ RECENTTRENDS
● OCT 2020 ● OCT 2021
● SALES ● TOTALINVENTORY ● MEDIANPRICE
450
420
353
337
322
353
333
320 320
314
31
301
248
188
137
123
147
101
157
133
98
124
123
15
92
86
$672K
$662K
$658K
$657K
$660K
$650K
$648K
$650K
$600K
$590K
$595K
$588K
$576K
BURNABYSOUTH REBGV
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELERS'MARKET 21%+
BALANCED 12-20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-LRATIO
80
100%+
96%
4+bdrms
1
84%
60
10
3bdrms
40
27
32%
28%
84
20
2bdrms
15%
179
8%
0
53
<$400K $400-599K $600-799K $800-999K $1.0M-1.24M $1.25M-1.49M $1.5M-1.99M $2M+
<2bdrms
S-LRATIO SALES INVENTORY
2 4 200%
49 47 96%
75 63 84%
77 25 32%
18 5 28%
13 2 15%
13 1 8%
1 0 n/a
41
Copyright©November8,2021renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofNovember8,2021.AldatafromRealEstateBoardofGreater VancouverandFraserValey&Renie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipientoftheinformationshould takestepsastherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfromarennieandasociatesadvisor.Al informationissubjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromreniegroupofcompanies.E.&O.E. 19 ●
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