burnaby south TOWNHOME - APRIL 2 0 2 4
SALES TO LISTINGS RATIO 40% SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▼ 0.3% VS 2023
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 33% VS 2023
▼ 8% VS 2023
▼ 1.7% VS 2023
▼ 30% VS 2023
There were 48 townhome listings in Burnaby South in April, 23% above March and 33% higher than April 2023. April townhome sales increased by 90% month-over-month, to 19, and were 30% below April 2023. The sales-to-listing ratio for townhomes in Burnaby South, at 40%, reflected a sellers' market. The townhome median price in April was $1,080,900, a 13% increase from March and 1.7% below April 2023. The average sold price was $1,082,767, 11% above last month; the average PSF sale price was $818, down 5% to last month.
THIS MONTH No.
PREVIOUS MONTH
PREVIOUS YEAR
No.
% Change
No.
% Change
TOTAL INVENTORY TOTAL SALES SALES-LISTINGS RATIO MEDIAN SOLD PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
19 48
27 36
-0.3% -8% -1.7% -47% -30% 33%
10 39
-5% 11% 13% 54% 90% 23%
$818 $1,082,767 $1,080,900 40%
$821 $1,180,337 $1,100,000 75%
$860 $973,270 $959,950 26%
▶ AVG PRICE PER SQUARE FOOT
▶ RECENT TRENDS
● APR 2023 ● APR 2024
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
56
50
48
50
43
49
46
38
36
39
36
27
26
33
30
19
16
15
15
19
16
13
11
10
10
9
$1.25M $1.19M
$1.20M
$1.10M
$1.08M
$1.06M
$1.05M $1.10M
$990K
$960K
$960K
$929K
$791K
BURNABY SOUTH
REBGV
▶ NUMBER OF BEDROOMS
▶ TOTAL LISTINGS & SALES BY PRICE RANGE
SELLERS' MARKET 21% +
BALANCED 12 - 20%
BUYERS' MARKET <12%
● SALES ● TOTAL INVENTORY
● SALES ● TOTAL INVENTORY ● S-L RATIO
14
1
12
4+ bdrms
3
10
9
8
3 bdrms
50% 50%
22
6
38%
33%
8
4
2 bdrms
22
2
0
1 1
<2 bdrms
<$600K $600K-799K $800K-999K $1.0M-1.24M $1.25M-1.49M $1.5M-1.99M $2.0M-2.49M $2.5M+
S-L RATIO SALES INVENTORY
0 1 n/a
6 2 33%
13 5 38%
10 5 50%
12 6 50%
7 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. 18 ●
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