the rennie review- December 2022

burnabysouth CONDO -NOVEMBER 202

SALES TO LISTINGSRATIO 29% SELLERS'M ARKET

▶ MARKETSUMMARY Therewere259 condolistingsin BurnabySouth in N ovem ber,1.9% below O ctoberand 19% higherthan N ovem ber2021. N ovem bercondosalesdecreased by3% m onth-over-m onth,to76,and were43% below N ovem ber2021. Thesales-to-listing ratio forcondosin BurnabySouth,at 29% ,reflected aselers'm arket. Thecondom edian pricein N ovem berwas$663,500,a 7% decreasefrom O ctoberand 1.0% below N ovem ber 2021. Theaveragesold pricewas$718,032,0.9% below last m onth;theaveragePSF salepricewas$853,up 1.2% to lastm onth.

AVERAGEPRICE

AVERAGE PSF PRICE ▼ 0.2% VS 2021

MEDIAN PRICE

TOTALLISTINGS

SALES

▼ 0.4% VS 2021

▼ 1.0% VS 2021

▲ 19% VS 2021

▼ 43% VS 2021

THISMONTH No.

PREVIOUSYEAR

PREVIOUSMONTH

No. 61% 133 217

% Change

No.

% Change

TOTALLISTINGS TOTALSALES

$853 $718,032 $663,500 29% 76 259

-0.2% -0.4% -1% -52% -43% 19%

$843 $724,320 $712,000 30% 78 264

1.2% -0.9% -7% -0.7% -3% -1.9%

SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF

$855 $721,047 $669,900

▶ AVG PRICEPERSQUAREFOOT

▶ RECENTTRENDS

● NOV 2021 ● NOV 202

● SALES ● TOTALINVENTORY ● MEDIAN PRICE

280

264

299

298

283

259

257

217

248

219

180 143

164

159

133

1

101

136

126

84

17

78

107

76

88

71

$725K $740K $725K $760K $750K

$695K $715K $710K $720K $682K $712K

$670K

$664K

BURNABYSOUTH REBGV

▶ NUMBEROFBEDROOMS

▶ TOTALLISTINGS&SALESBYPRICERANGE

SEL ERS'MARKET 21% +

BALANCED 12 - 20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY

● SALES ● TOTALINVENTORY ● S-L RATIO

100

4+ bdrms

80

77%

4

60

3 bdrms

34

40

32%

51

2 bdrms

19%

20

168

12% 13%

9%

0

21

<$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

31 24 77%

105 34 32%

63 12 19%

32 3 9%

17 2 12%

8 1 13%

3 0 n/a

57

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