burnabysouth DETACHED-MARCH 202
SALESTO LISTINGSRATIO 29% SELLERS'MARKET
▶ MARKETSUMMARY Therewere112detachedlistingsinBurnabySouthin March,40%aboveFebruaryand34%lowerthanMarch 2021. Marchdetachedhomesalesdecreasedby24% month-over-month,to32,andwere55%belowMarch 2021. Thesales-to-listingratiofordetachedinBurnabySouth, at29%,reflectedaselers'market.
AVERAGEPRICE
MEDIANPRICE
TOTALLISTINGS
SALES
▲ 25% VS2021
▲ 25% VS2021
▼ 34% VS2021
▼ 55% VS2021
THISMONTH No. $2,400,406 $2,210,000 29% 32 112
PREVIOUSYEAR
PREVIOUSMONTH
No.
%Change
%Change
No.
TOTALLISTINGS TOTALSALES
$1,924,096 $1,770,000 42% 71 169
25% 25% -32% -55% -34%
-7% -11% -46% -24% 40%
42 80
ThedetachedmedianpriceinMarchwas$2,210,000,a 11%decreasefromFebruaryand25%aboveMarch2021.
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE
$2,587,764 $2,475,000 53%
Theaveragesoldpricewas$2,400,406,7%belowlast monthandup25%toMarch2021.
▶ RATIOOFMEDIANPRICES
▶ RECENTTRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTALINVENTORY ● MEDIANPRICE
201
212
189
2.48
148
169
164
128
153
2.20
12
2.12
100
80
76
62
71
55
52
44
42
40
66
38
1.38
32
1.32
39
38
1.25
31
24
$2.48M
$2.21M
$2.02M
$2.04M
$2.00M
$1.91M
$1.93M
$1.86M
$1.83M
$1.77M
$1.78M
$1.75M
$1.73M
Mar-21
Feb-22
Mar-22
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELERS'MARKET 21%+
BALANCED 12-20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY ● S-LRATIO
30
25
20
15
44%
10
26%
24%
23%
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
31 8 26%
27 12 44%
21 5 24%
31 7 23%
Copyright©April7,202renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionofthereniegroupofcompanies.CurentasofApril7,202.AldatafromRealEstateBoardof GreaterVancouverandFraserValey&Renie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycanotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipient oftheinformationshouldtakestepsastherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtained fromarennieandasociatesadvisor.Alinformationissubjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromrenniegroupofcompanies.E.&O.E.
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