the rennie review- December 2022

burnabysouth TOWNHOME-NOVEMBER 202

SALES TO LISTINGSRATIO 36% SELLERS'M ARKET

▶ MARKETSUMMARY Therewere45townhom elistingsin BurnabySouth in N ovem ber,20% below O ctoberand 125% higherthan N ovem ber2021. N ovem bertownhom esalesdecreased by33% m onth-over-m onth,to16,and were45% below N ovem ber2021. Thesales-to-listing ratio fortow nhom esin Burnaby South,at36% ,reflected aselers'm arket. Thetownhom em edian pricein N ovem berwas$987,000, a9% increasefrom O ctoberand 6% aboveN ovem ber 2021. Theaveragesold pricewas$1,030,349,1.3% abovelast m onth;theaveragePSF salepricewas$715,down 4% to lastm onth.

AVERAGEPRICE

AVERAGE PSF PRICE ▲ 4% VS 2021

MEDIAN PRICE

TOTALLISTINGS

SALES

▲ 11% VS 2021

▲ 6% VS 2021

▲ 125% VS 2021

▼ 45% VS 2021

THISMONTH No.

PREVIOUSYEAR

PREVIOUSMONTH

No.

% Change

No.

% Change

TOTALLISTINGS TOTALSALES

16 45

29 20

-75% -45% 125%

24 56

-4% 1.3% 9% -17% -33% -20%

SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF

$715 $1,030,349 $987,000 36%

$688 $928,141 $930,000 145%

$749 $1,017,079 $904,944 43%

4% 11% 6%

▶ AVG PRICEPERSQUAREFOOT

▶ RECENTTRENDS

● NOV 2021 ● NOV 202

● SALES ● TOTALINVENTORY ● MEDIAN PRICE

56

54

46

42

45

45

43 44

33 33

39

29

27

24

21

20

15

15

20

17

16

13 13

13

1

8

$1.11M $1.12M

$1.03M $997K $1.00M

$987K

$930K

$905K

$850K $883K $925K

$819K

$775K

BURNABYSOUTH REBGV

▶ NUMBEROFBEDROOMS

▶ TOTALLISTINGS&SALESBYPRICERANGE

SEL ERS'MARKET 21% +

BALANCED 12 - 20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY

● SALES ● TOTALINVENTORY ● S-L RATIO

14

2

12

4+ bdrms

8

10

67%

8

6

3 bdrms

24

6

43%

38%

4

8

25%

2 bdrms

17%

13

2

0

<$400K $400-599K $600-799K $800-999K $1.0M -1.24M $1.25M -1.49M $1.5M -1.99M $2M +

<2 bdrms

S-L RATIO SALES INVENTORY

1 0 n/a

6 4 67%

13 5 38%

7 3 43%

12 3 25%

6 1 17%

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