the rennie review - May 2022

burnabysouth TOWNHOME-APRIL 202

SALESTO LISTINGSRATIO 63% SELLERS'MARKET

▶ MARKETSUMMARY

AVERAGEPRICE

AVERAGE PSFPRICE ▲ 21% VS2021

TOTALLISTINGS

MEDIANPRICE

SALES

▲ 19% VS2021

▲ 30% VS2021

▼ 42% VS2021

▼ 31% VS2021

Therewere43townhomelistingsinBurnabySouthin April,2%aboveMarchand42%lowerthanApril2021. Apriltownhomesalesdecreasedby18% month-over-month,to27,andwere31%belowApril 2021. Thesales-to-listingratiofortownhomesinBurnaby South,at63%,reflectedaselers'market. ThetownhomemedianpriceinAprilwas$1,108,000,a 10%increasefromMarchand30%aboveApril2021. Theaveragesoldpricewas$1,061,074,2.0%belowlast month;theaveragePSFsalepricewas$829,down5%to lastmonth.

THISMONTH No.

PREVIOUSYEAR

PREVIOUSMONTH

No.

%Change

No.

%Change

TOTALLISTINGS TOTALSALES

27 43

39 74

21% 19% 30% 19% -31% -42%

33 42

-5% -2% 10% -20% -18% 2%

SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF

$829 $1,061,074 $1,108,000 63%

$686 $890,003 $853,000 53%

$869 $1,082,180 $1,005,000 79%

▶ AVGPRICEPERSQUAREFOOT

▶ RECENTTRENDS

● APR 2021 ● APR 202

● SALES ● TOTALINVENTORY ● MEDIANPRICE

74

75

61

68

67

53

42

43

35

39

33

33

32

29

28

32

27

20

28

26

25

15

20

17

13 13

$1.11M

$1.03M

$1.00M $997K

$930K

$915K

$879K

$868K

$870K

$853K

$836K

$820K

$819K

BURNABYSOUTH REBGV

▶ NUMBEROFBEDROOMS

▶ TOTALLISTINGS&SALESBYPRICERANGE

SELERS'MARKET 21%+

BALANCED 12-20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY

● SALES ● TOTALINVENTORY ● S-LRATIO

12

4

100%+

100%+

10

4+bdrms

6

8

12

3bdrms

6

20

50%

4

33%

33%

9

25%

2bdrms

2

14

0

2

<$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

3 1 33%

5 6 120%

8 4 50%

9 3 33%

10 11 110%

8 2 25%

3

Copyright©May5,202renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofMay5,202.AldatafromRealEstateBoardofGreaterVancouverand FraserValey&Rennie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipientoftheinformationshouldtakestepsas therecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfromarennieandasociatesadvisor.Alinformationis subjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromrenniegroupofcompanies.E.&O.E. 18 ●

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