the rennie review - July 2021

burnabysouth CONDO-JUNE 2021

SALESTO LISTINGSRATIO 39% SELLER'SMARKET

▶ MARKETSUMMARY

AVERAGEPRICE

AVERAGE PSFPRICE ▲ 5% VS2020

MEDIANPRICE

TOTALLISTINGS

SALES

▲ 6% VS2020

▲ 9% VS2020

▲ 10% VS2020

▲ 140% VS2020

Therewere353condolistingsinBurnabySouthinJune, 5%aboveMayand10%higherthanJune2020.

Junecondosalesincreasedby3%month-over-month,to 137,andwere140%aboveJune2020.

THISMONTH No.

PREVIOUSYEAR

PREVIOUSMONTH

No.

%Change

No. 39% 133 337

%Change

Thesales-to-listingratioforcondosinBurnabySouth,at 39%,reflectedaseler'smarket.

TOTALLISTINGS TOTALSALES

39% 137 353

$780 $632,088 $595,000 18% 57 322

119% 140% 10%

3% 5%

ThecondomedianpriceinJunewas$650,000,a0.3% increasefromMayand9%aboveJune2020. Theaveragesoldpricewas$671,461,1.0%belowlast month;theaveragePSFsalepricewas$818,down0.5% tolastmonth.

SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF

0.5% -1% 0.3% -1.7%

$818 $671,461 $650,000

$815 $678,570 $648,000

5% 6% 9%

▶ AVGPRICEPERSQUAREFOOT

▶ RECENTTRENDS

● JUN 2020 ● JUN 2021

● SALES ● TOTALINVENTORY ● MEDIANPRICE

420

456 450

408

337

353

364

353

322

333

314

31

301

188

137

100 98

101

157

133

74

124

92

57

86

81

$672K

$650K

$648K

$650K

$599K

$600K

$595K

$590K

$595K

$587K

$583K

$588K

$576K

BURNABYSOUTH REBGV

▶ NUMBEROFBEDROOMS

▶ TOTALLISTINGS&SALESBYPRICERANGE

SELER'SMARKET 21%+

BALANCED 12-20%

BUYER'SMARKET <12%

● SALES ● TOTALINVENTORY

● SALES ● TOTALINVENTORY ● S-LRATIO

120

4+bdrms

100

71%

80

6

3bdrms

52% 50%

39

60

40

79

24%

2bdrms

224

13%

20

7%

0

52

<$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

7 5 71%

83 43 52%

126 63 50%

86 21 24%

28 2 7%

15 2 13%

8 0 n/a

0 1 n/a

90

Copyright©July5,2021reniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofJuly5,2021.AldatafromRealEstateBoardofGreaterVancouverand FraserValey&Rennie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipientoftheinformationshouldtakestepsas therecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfromarennieandasociatesadvisor.Alinformationis subjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromreniegroupofcompanies.E.&O.E. 19 ●

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