burnaby south CONDO - DECEMBER 2 0 2 4
SALES TO LISTINGS RATIO 17% BALANCED MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▲ 1.7% VS 2023
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 35% VS 2023
▼ 4% VS 2023
▼ 5% VS 2023
▼ 5% VS 2023
There were 331 condo listings in Burnaby South in December, 13% below November and 35% higher than December 2023. December condo sales decreased by 38% month-over-month, to 55, and were 5% below December 2023. The sales-to-listing ratio for condos in Burnaby South, at 17%, reflected a balanced market. The condo median price in December was $730,000, a 0.0% increase from November and 5% below December 2023. The average sold price was $765,365, 0.1% below last month; the average PSF sale price was $938, down 0.5% 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
$938 $765,365 $730,000 17% 55 331
$922 $796,640 $766,500 24% 58 245
1.7% -4% -5% -30% -5% 35%
$942 $766,144 $729,900 23% 89 382
-0.5% -0.1% 0% -29% -38% -13%
▶ AVG PRICE PER SQUARE FOOT
▶ RECENT TRENDS
● DEC 2023 ● DEC 2024
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
432
431
408
455
444
382
413
331
334
281
245
264
249
107
102
101
89
92
58
86
83
83
55
81
78
63
$779K
$767K
$758K
$758K
$750K
$740K
$745K
$730K
$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
120
1
4+ bdrms
100
80
5
3 bdrms
42
60
34%
40
31
19% 17%
2 bdrms
197
8%
20
5%
0
18
<$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
38 13 34%
95 18 19%
125 21 17%
42 2 5%
18 0 n/a
12 1 8%
1 0 n/a
92
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 January 13, 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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