the rennie review- December 2022

burnabysouth DETACHED -NOVEMBER 202

SALES TO LISTINGSRATIO 23% SELLERS'M ARKET

▶ MARKETSUMMARY Therewere90 detachedlistingsin BurnabySouth in N ovem ber,15% below O ctoberand 10% lowerthan N ovem ber2021. N ovem berdetached hom esalesincreased by50% m onth-over-m onth,to21,and were62% below N ovem ber2021. Thesales-to-listing ratio fordetached in Burnaby South, at23% ,reflected aselers'm arket. Thedetached m edian pricein N ovem berwas $1,910,000,a13% decreasefrom O ctoberand 5% below N ovem ber2021. Theaveragesold pricewas$2,136,238,6% below last m onth and down 1.2% toN ovem ber2021.

AVERAGEPRICE

MEDIAN PRICE

TOTALLISTINGS

SALES

▼ 1.2% VS 2021

▼ 5% VS 2021

▼ 10% VS 2021

▼ 62% VS 2021

THISMONTH No.

PREVIOUSYEAR

PREVIOUSMONTH

No.

% Change

No.

% Change

TOTALLISTINGS TOTALSALES

21 90

$2,162,902 $2,000,000 55% 55 100

-1.2% -5% -58% -62% -10%

$2,277,901 $2,189,750 13% 14 106

-6% -13% 77% 50% -15%

SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE

$2,136,238 $1,910,000 23%

▶ RATIO OFMEDIAN PRICES

▶ RECENTTRENDS

● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO

● SALES ● TOTALINVENTORY ● MEDIAN PRICE

12

125

109

122

106

100

12

1

2.42

104

2.15

76

90

80

1.94

55

66

41

38

1.49

1.39

38

24

20

1.27

32

28

21

24

19

14

12

$2.46M

$2.21M $2.21M $2.17M

$2.19M

$2.13M

$2.00M $2.04M $1.93M

$1.91M

$1.87M $1.90M

$1.76M

Nov-21

Oct-22

Nov-22

▶ TOTALLISTINGS&SALESBYPRICERANGE

SEL ERS'MARKET 21% +

BALANCED 12 - 20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY ● S-L RATIO

35

100%

30

25

20

15

10

26%

18%

17%

15%

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-L RATIO SALES INVENTORY

0 2 n/a

1 1 100%

35 9 26%

22 4 18%

12 2 17%

20 3 15%

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