burnabysouth CONDO-APRIL 202
SALESTO LISTINGSRATIO 42% SELLERS'MARKET
▶ MARKETSUMMARY
AVERAGEPRICE
AVERAGE PSFPRICE ▲ 16% VS2021
TOTALLISTINGS
MEDIANPRICE
SALES
▲ 20% VS2021
▲ 15% VS2021
▼ 10% VS2021
▼ 25% VS2021
Therewere280condolistingsinBurnabySouthinApril, 28%aboveMarchand10%lowerthanApril2021.
Aprilcondosalesdecreasedby18%month-over-month, to117,andwere25%belowApril2021.
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No. 50% 157 311
%Change
No. 65% 143 219
%Change
Thesales-to-listingratioforcondosinBurnabySouth,at 42%,reflectedaselers'market.
TOTALLISTINGS TOTALSALES
42% 117 280
16% 20% 15% -17% -25% -10%
4% 5% -1.3% -36% -18% 28%
ThecondomedianpriceinAprilwas$750,000,a1.3% decreasefromMarchand15%aboveApril2021. Theaveragesoldpricewas$808,790,5%abovelast month;theaveragePSFsalepricewas$946,up4%to lastmonth.
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF
$946 $808,790 $750,000
$909 $773,321 $760,000
$819 $672,969 $650,000
▶ AVGPRICEPERSQUAREFOOT
▶ RECENTTRENDS
● APR 2021 ● APR 202
● SALES ● TOTALINVENTORY ● MEDIANPRICE
337
353
322
31
280
320 320
217
248
219
159
147
143
157
136
180 136
123
164
17
133
133
126
123
15
107
$760K
$750K
$740K
$725K
$725K
$670K
$658K
$662K
$660K
$650K
$650K
$657K
$648K
BURNABYSOUTH REBGV
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELERS'MARKET 21%+
BALANCED 12-20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-LRATIO
100
4+bdrms
80
60
8
3bdrms
52%
25
44%
40
38%
34%
31%
81
25%
2bdrms
20
182
0
28
<$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
52 16 31%
97 50 52%
72 32 44%
38 13 34%
12 3 25%
8 3 38%
1 0 n/a
73
Copyright©May5,202renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofMay5,202.AldatafromRealEstateBoardofGreaterVancouverand FraserValey&Rennie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipientoftheinformationshouldtakestepsas therecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfromarennieandasociatesadvisor.Alinformationis subjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromrenniegroupofcompanies.E.&O.E. 19 ●
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