burnabysouth DETACHED-NOVEMBER 2021
SALESTO LISTINGSRATIO 55% SELLERS'MARKET
▶ MARKETSUMMARY Therewere100detachedlistingsinBurnabySouthin November,22%belowOctoberand26%lowerthan November2020. Novemberdetachedhomesalesincreasedby25% month-over-month,to55,andwere41%above November2020. Thesales-to-listingratiofordetachedinBurnabySouth, at55%,reflectedaselers'market. ThedetachedmedianpriceinNovemberwas $2,000,000,a9%increasefromOctoberand28%above November2020. Theaveragesoldpricewas$2,162,902,10%abovelast monthandup29%toNovember2020.
AVERAGEPRICE
MEDIANPRICE
TOTALLISTINGS
SALES
▲ 28% VS2020
▲ 28% VS2020
▼ 26% VS2020
▲ 41% VS2020
THISMONTH No. $2,162,902 $2,000,000 55% 55 100
PREVIOUSYEAR
PREVIOUSMONTH
No.
%Change
No.
%Change
TOTALLISTINGS TOTALSALES
$1,680,766 $1,565,000 29% 39 135
29% 28% 90% 41% -26%
$1,961,784 $1,830,000 34% 44 128
10% 9% 60% 25% -22%
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE
▶ RATIOOFMEDIANPRICES
▶ RECENTTRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTALINVENTORY ● MEDIANPRICE
201
212
189
169
2.15
2.13
2.10
148
164
128
153
135
120
120
14
100
71
62
1.39
52
44
1.32
55
40
38
1.28
39
48
39
31
26
24
$2.02M
$2.00M
$1.91M
$1.86M
$1.83M
$1.78M
$1.77M $1.70M
$1.75M
$1.73M
$1.62M
$1.57M
$1.58M
Nov-20
Oct-21
Nov-21
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELERS'MARKET 21%+
BALANCED 12-20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY ● S-LRATIO
30
25
78%
77%
20
67%
63%
15
10
14%
5
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-LRATIO SALES INVENTORY
1 0 n/a
6 4 67%
30 23 77%
18 14 78%
16 10 63%
29 4 14%
Copyright©December6,2021renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofDecember6,2021.AldatafromRealEstate BoardofGreaterVancouverandFraserValey&Rennie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycanotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.The recipientoftheinformationshouldtakestepsastherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbe obtainedfromarennieandasociatesadvisor.Alinformationissubjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromrenniegroupofcompanies.E.&O.E.
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