the rennie review - April 2022

burnabysouth TOWNHOME-MARCH 202

SALESTO LISTINGSRATIO 79% SELLERS'MARKET

▶ MARKETSUMMARY Therewere42townhomelistingsinBurnabySouthin March,27%aboveFebruaryand33%lowerthanMarch 2021. Marchtownhomesalesincreasedby94% month-over-month,to33,andwere39%belowMarch 2021. Thesales-to-listingratiofortownhomesinBurnaby South,at79%,reflectedaselers'market. ThetownhomemedianpriceinMarchwas$1,005,000,a 0.8%increasefromFebruaryand20%aboveMarch2021. Theaveragesoldpricewas$1,082,180,3%belowlast month;theaveragePSFsalepricewas$869,up8%to lastmonth.

AVERAGEPRICE

AVERAGE PSFPRICE ▲ 27% VS2021

MEDIANPRICE

TOTALLISTINGS

SALES

▲ 24% VS2021

▲ 20% VS2021

▼ 33% VS2021

▼ 39% VS2021

THISMONTH No.

PREVIOUSYEAR

PREVIOUSMONTH

No.

%Change

No.

%Change

TOTALLISTINGS TOTALSALES

33 42

54 63

27% 24% 20% -8% -39% -33%

17 33

8% -3% 0.8% 53% 94% 27%

SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF

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

$684 $873,371 $836,500 86%

$804 $1,112,481 $997,000 52%

▶ AVGPRICEPERSQUAREFOOT

▶ RECENTTRENDS

● MAR 2021 ● MAR 202

● SALES ● TOTALINVENTORY ● MEDIANPRICE

74

75

54 63

61

68

67

53

42 33

35

33

32

39

29

28

32

20

28

25 26

15

20

17

13 13

$1.03M

$1.00M $997K

$930K

$915K

$879K

$868K

$870K

$853K

$837K

$836K

$820K

$819K

BURNABYSOUTH REBGV

▶ NUMBEROFBEDROOMS

▶ TOTALLISTINGS&SALESBYPRICERANGE

SELERS'MARKET 21%+

BALANCED 12-20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY

● SALES ● TOTALINVENTORY ● S-LRATIO

12

1

100%+ 100%+

4+bdrms

10

5

80%

8

15

58%

3bdrms

20

6

50%

33%

4

15

2bdrms

16

2

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

2 1 50%

3 4 133%

9 11 122%

10 8 80%

12 7 58%

6 2 33%

1

Copyright©April7,202renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionofthereniegroupofcompanies.CurentasofApril7,202.AldatafromRealEstateBoardofGreaterVancouverand FraserValey&Renie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.reniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipientoftheinformationshouldtakestepsas therecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfromarennieandasociatesadvisor.Alinformationis subjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromreniegroupofcompanies.E.&O.E. 18 ●

Made with FlippingBook - professional solution for displaying marketing and sales documents online