burnaby south DETACHED - APRIL 2 0 2 4
SALES TO LISTINGS RATIO 24% SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 15% VS 2023
▲ 26% VS 2023
▲ 67% VS 2023
▼ 26% VS 2023
There were 110 detached listings in Burnaby South in April, 12% above March and 67% higher than April 2023. April detached home sales increased by 13% month-over-month, to 26, and were 26% below April 2023. The sales-to-listing ratio for detached in Burnaby South, at 24%, reflected a sellers' market.
THIS MONTH No. $2,356,012 $2,325,000 24% 26 110
PREVIOUS MONTH
PREVIOUS YEAR
No.
% Change
No.
% Change
TOTAL INVENTORY TOTAL SALES SALES-LISTINGS RATIO MEDIAN SOLD PRICE AVERAGE SOLD PRICE
35 66
15% 26% -55% -26% 67%
23 98
13% 7% 0.7% 13% 12%
The detached median price in April was $2,325,000, a 7% increase from March and 26% above April 2023.
$2,081,035 $2,170,000 23%
$2,048,251 $1,845,000 53%
The average sold price was $2,356,012, 13% above last month and up 15% to April 2023.
▶ RATIO OF MEDIAN PRICES
▶ RECENT TRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
120
104
118
110
97
108
2.26
101
98
2.15
90
88
82
66
70
1.68
39
35
25
24
23
1.39
22
26
1.31
1.27
24
9
22
20
16
12
$2.33M
$2.17M
$2.13M
$2.04M $2.09M $2.10M $2.15M
$1.86M
$1.85M $2.00M $2.00M
$1.72M $1.85M
23-Apr
24-Mar
24-Apr
▶ TOTAL LISTINGS & SALES BY PRICE RANGE
SELLERS' MARKET 21% +
BALANCED 12 - 20%
BUYERS' MARKET <12%
● SALES ● TOTAL INVENTORY ● S-L RATIO
100%
30
25
20
15
33%
32%
10
24%
10%
5
0
<$1M
$1.0M-1.24M $1.25M-1.49M $1.5M-1.99M $2.0M-2.49M $2.5M-2.99M $3.0M-3.99M $4.0M-4.99M $5.0M-5.99M
$6.0M+
S-L RATIO SALES INVENTORY
1 1 100%
22 7 32%
27 9 33%
25 6 24%
31 3 10%
3 0 n/a
1 0 n/a
Copyright © 2024 rennie group of companies. All rights reserved. This material may not be reproduced or distributed, in whole or in part, without the prior written permission of the rennie group of companies. Current as of May 8, 2024. All data from Greater Vancouver REALTORS®, Fraser Valley Real Estate Board, Whistler Listing System, and rennie. While the information and data contained herein has been obtained from sources deemed reliable, accuracy cannot be guaranteed. rennie group of companies does not assume responsibility or liability for any inaccuracies. The recipient of the information should take steps as the recipient may deem necessary to verify the information prior to placing any reliance upon the information. The information contained within this report should not be used as an opinion of value, such opinions should and can be obtained from a rennie and associates advisor. All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies. E.&O.E. 17 ●
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