the rennie review - May 2022

burnabysouth DETACHED-APRIL 202

SALESTO LISTINGSRATIO 34% SELLERS'MARKET

▶ MARKETSUMMARY

AVERAGEPRICE

MEDIANPRICE

SALES

TOTALLISTINGS

▲ 13% VS2021

▲ 24% VS2021

▼ 45% VS2021

▼ 39% VS2021

Therewere111detachedlistingsinBurnabySouthin April,0.9%belowMarchand45%lowerthanApril2021. Aprildetachedhomesalesincreasedby19% month-over-month,to38,andwere39%belowApril 2021. Thesales-to-listingratiofordetachedinBurnabySouth, at34%,reflectedaselers'market.

THISMONTH No. $2,272,600 $2,206,000 34% 38 111

PREVIOUSYEAR

PREVIOUSMONTH

No.

%Change

No.

%Change

TOTALLISTINGS TOTALSALES

$2,007,949 $1,779,000 31% 62 201

13% 24% 11% -39% -45%

$2,400,406 $2,210,000 29% 32 112

-5% -0.2% 20% 19% -0.9%

ThedetachedmedianpriceinAprilwas$2,206,000,a 0.2%decreasefromMarchand24%aboveApril2021.

SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE

Theaveragesoldpricewas$2,272,600,5%belowlast monthandup13%toApril2021.

▶ RATIOOFMEDIANPRICES

▶ RECENTTRENDS

● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO

● SALES ● TOTALINVENTORY ● MEDIANPRICE

212

189

201

2.20

148

2.09

164

128

1.99

153

12

100

11

80

76

1.48

55

52

62

44

42

40

66

1.32

38

1.31

38

39

38

32

31

24

$2.48M

$2.21M

$2.21M

$2.02M

$2.04M

$2.00M

$1.91M

$1.93M

$1.86M

$1.83M

$1.78M

$1.75M

$1.73M

Apr-21

Mar-22

Apr-22

▶ TOTALLISTINGS&SALESBYPRICERANGE

SELERS'MARKET 21%+

BALANCED 12-20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY ● S-LRATIO

35

30

25

20

58%

15

41%

10

29%

14%

5

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

2 0 n/a

32 13 41%

24 14 58%

24 7 29%

29 4 14%

Copyright©May5,202renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofMay5,202.AldatafromRealEstateBoardof GreaterVancouverandFraserValey&Renie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.reniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipient oftheinformationshouldtakestepsastherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtained fromarennieandasociatesadvisor.Alinformationissubjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromrenniegroupofcompanies.E.&O.E.

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