the rennie review - July 2021

burnabysouth TOWNHOME-JUNE 2021

SALESTO LISTINGSRATIO 43% SELLER'SMARKET

▶ MARKETSUMMARY

AVERAGEPRICE

AVERAGE PSFPRICE ▲ 4% VS2020

MEDIANPRICE

TOTALLISTINGS

SALES

▲ 8% VS2020

▲ 4% VS2020

▲ 53% VS2020

▲ 256% VS2020

Therewere75townhomelistingsinBurnabySouthin June,12%aboveMayand53%higherthanJune2020. Junetownhomesalesremainedthesame0 month-over-month,to32,andwere256%aboveJune 2020. Thesales-to-listingratiofortownhomesinBurnaby South,at43%,reflectedaseler'smarket. ThetownhomemedianpriceinJunewas$820,000,a7% decreasefromMayand4%aboveJune2020. Theaveragesoldpricewas$861,975,5%belowlast month;theaveragePSFsalepricewas$652,down6%to lastmonth.

THISMONTH No.

PREVIOUSYEAR

PREVIOUSMONTH

No.

%Change

No.

%Change

TOTALLISTINGS TOTALSALES

32 75

$628 $800,333 $790,000 18% 9 49

132% 256% 53%

32 67

-6% -5% -7% -11% 0% 12%

SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF

$652 $861,975 $820,000 43%

$692 $910,903 $879,000 48%

4% 8% 4%

▶ AVGPRICEPERSQUAREFOOT

▶ RECENTTRENDS

● JUN 2020 ● JUN 2021

● SALES ● TOTALINVENTORY ● MEDIANPRICE

76

74

75

67

66

63 63

69

67

67

54

60

56

49

39

27 26

32

32

19

18

20

19

18

9

9

$879K

$875K

$853K

$837K

$820K

$800K

$800K

$790K

$787K

$778K

$768K

$730K

$735K

BURNABYSOUTH REBGV

▶ NUMBEROFBEDROOMS

▶ TOTALLISTINGS&SALESBYPRICERANGE

SELER'SMARKET 21%+

BALANCED 12-20%

BUYER'SMARKET <12%

● SALES ● TOTALINVENTORY

● SALES ● TOTALINVENTORY ● S-LRATIO

20

4

4+bdrms

11

81%

15

10

3bdrms

54%

23

10

38%

29%

18

5

2bdrms

17%

37

0

<$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

12 2 17%

16 13 81%

21 8 38%

13 7 54%

7 2 29%

5 0 n/a

1 0 n/a

4

Copyright©July5,2021reniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofJuly5,2021.AldatafromRealEstateBoardofGreaterVancouverand FraserValey&Rennie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipientoftheinformationshouldtakestepsas therecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfromarennieandasociatesadvisor.Alinformationis subjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromreniegroupofcompanies.E.&O.E. 18 ●

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