the rennie review - July 2023

burnabysouth DETACHED -JUNE 2023

SALES TO LISTINGSRATIO 25% SELLERS'M ARKET

▶ MARKETSUMMARY

AVERAGEPRICE

MEDIAN PRICE

TOTALLISTINGS

SALES

▲ 3% VS 2022

▲ 7% VS 2022

▼ 20% VS 2022

0.0% VS 2022

Therewere97 detachedlistingsin BurnabySouth in June,39% aboveM ayand 20% lowerthan June2022. Junedetached hom esalesdecreased by38% m onth-over-m onth,to 24,and were thesam ein June 2022. Thesales-to-listing ratio fordetached in Burnaby South, at25% ,reflected aselers'm arket.

THISMONTH No.

PREVIOUSMONTH

PREVIOUSYEAR

No.

% Change

No.

% Change

TOTALLISTINGS TOTALSALES

24 97

$1,996,254 $1,872,250 20% 24 122

3% 7% 26% 0% -20%

39 70

-56% -38% 39%

Thedetachedm edian pricein Junewas$2,000,500,a 0.0% increasefrom M ayand 7% aboveJune2022.

SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE

$2,055,146 $2,000,500 25%

$2,212,417 $2,000,000 56%

Theaveragesold pricewas$2,055,146,7% below last m onth and up 3% toJune2022.

-7% 0%

▶ RATIO OFMEDIAN PRICES

▶ RECENTTRENDS

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

● SALES ● TOTALINVENTORY ● MEDIAN PRICE

122

109

106

12

97

2.53

90

104

80

79

2.20

74 73

2.02

70

66 35

39

21

20

24

24

16

1.33

19

16

1.19

14

12

12 12

1.01

$2.23M

$2.19M

$2.13M

$1.91M

$1.87M $1.90M

$1.85M $1.85M $2.00M $2.00M $1.71M $1.74M

$1.76M

22-Jun

23-M ay 23-Jun

▶ TOTALLISTINGS&SALESBYPRICERANGE

SEL ERS'MARKET 21% +

BALANCED 12 - 20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY ● S-L RATIO

25

100%

20

15

56%

10

32%

5

8%

4%

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

3 3 100%

25 8 32%

18 10 56%

25 2 8%

26 1 4%

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