burnaby south CONDO - NOVEMBER 2 0 2 4
SALES TO LISTINGS RATIO 23% SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▲ 2% VS 2023
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 24% VS 2023
▲ 59% VS 2023
▼ 3% VS 2023
▼ 8% VS 2023
There were 382 condo listings in Burnaby South in November, 12% below October and 24% higher than November 2023. November condo sales decreased by 17% month-over-month, to 89, and were 59% above November 2023. The sales-to-listing ratio for condos in Burnaby South, at 23%, reflected a sellers' market. The condo median price in November was $729,900, a 1.4% increase from October and 8% below November 2023. The average sold price was $766,144, 0.6% below last month; the average PSF sale price was $942, up 0.4% to last month.
THIS MONTH No.
PREVIOUS MONTH
PREVIOUS YEAR
No.
% Change
No. 107 432
% Change
TOTAL INVENTORY TOTAL SALES SALES-LISTINGS RATIO MEDIAN SOLD PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
$942 $766,144 $729,900 23% 89 382
$922 $787,312 $795,500 18% 56 309
2% -3% -8% 29% 59% 24%
0.4% -0.6% 1.4% -6% -17% -12%
$939 $770,545 $720,000 25%
▶ AVG PRICE PER SQUARE FOOT
▶ RECENT TRENDS
● NOV 2023 ● NOV 2024
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
432
431
408
455
444
413
382
309
334
281
264
249
245
107
102
101
89
92
56
86
83
83
81
78
63
58
$796K
$779K
$767K
$758K
$758K
$750K
$745K
$740K
$730K
$726K
$730K
$720K
$676K
BURNABY SOUTH
REBGV
▶ NUMBER OF BEDROOMS
▶ TOTAL LISTINGS & SALES BY PRICE RANGE
SELLERS' MARKET 21% +
BALANCED 12 - 20%
BUYERS' MARKET <12%
● SALES ● TOTAL INVENTORY
● SALES ● TOTAL INVENTORY ● S-L RATIO
140
1 1
4+ bdrms
120
100
7
80
3 bdrms
48
40%
60
34%
27%
53
40
2 bdrms
10%
228
6%
20
0
28
<$600K $600K-799K $800K-999K $1.0M-1.24M $1.25M-1.49M $1.5M-1.99M $2.0M-2.49M $2.5M+
<2 bdrms
S-L RATIO SALES INVENTORY
47 16 34%
108 43 40%
143 15 10%
52 14 27%
17 1 6%
14 0 n/a
1 0 n/a
105
Copyright © 2024 rennie group of companies. All rights reserved. This material may not be reproduced or distributed, in whole or in part, without the prior written permission of the rennie group of companies. Current as of December 9, 2024. All data from Greater Vancouver REALTORS®, Fraser Valley Real Estate Board, Whistler Listing System, and rennie. While the information and data contained herein has been obtained from sources deemed reliable, accuracy cannot be guaranteed. rennie group of companies does not assume responsibility or liability for any inaccuracies. The recipient of the information should take steps as the recipient may deem necessary to verify the information prior to placing any reliance upon the information. The information contained within this report should not be used as an opinion of value, such opinions should and can be obtained from a rennie and associates advisor. All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies. E.&O.E. 19 ●
Made with FlippingBook - professional solution for displaying marketing and sales documents online