the rennie review - December 2021

burnabysouth CONDO-NOVEMBER 2021

SALESTO LISTINGSRATIO 61% SELLERS'MARKET

▶ MARKETSUMMARY Therewere217condolistingsinBurnabySouthin November,13%belowOctoberand48%lowerthan November2020. Novembercondosalesdecreasedby10% month-over-month,to133,andwere45%above November2020. Thesales-to-listingratioforcondosinBurnabySouth,at 61%,reflectedaselers'market. ThecondomedianpriceinNovemberwas$669,900,a 1.5%increasefromOctoberand16%aboveNovember 2020. Theaveragesoldpricewas$721,312,5%abovelast month;theaveragePSFsalepricewas$855,up4%to lastmonth.

AVERAGEPRICE

AVERAGE PSFPRICE ▲ 15% VS2020

MEDIANPRICE

TOTALLISTINGS

SALES

▲ 21% VS2020

▲ 16% VS2020

▼ 48% VS2020

▲ 45% VS2020

THISMONTH No.

PREVIOUSYEAR

PREVIOUSMONTH

No.

%Change

No. 59% 147 248

%Change

TOTALLISTINGS TOTALSALES

61% 133 217

$742 $594,281 $576,296 22% 92 420

15% 21% 16% 180% 45% -48%

4% 5% 1.5% 3% -10% -13%

SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF

$855 $721,312 $669,900

$821 $685,748 $660,000

▶ AVGPRICEPERSQUAREFOOT

▶ RECENTTRENDS

● NOV 2020 ● NOV 2021

● SALES ● TOTALINVENTORY ● MEDIANPRICE

420

353

337

322

353

333

320

320

314

31

301

248 147

217

188

137

123

133

157

101

133

124

123

92

15

86

$672K

$670K

$662K

$658K

$657K

$660K

$650K

$648K

$650K

$600K

$590K

$595K

$576K

BURNABYSOUTH REBGV

▶ NUMBEROFBEDROOMS

▶ TOTALLISTINGS&SALESBYPRICERANGE

SELERS'MARKET 21%+

BALANCED 12-20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY

● SALES ● TOTALINVENTORY ● S-LRATIO

70

100%

60

4+bdrms

91%

2

83%

50

40

11

3bdrms

24

48%

30

20

85

2bdrms

19%

15% 18%

148

10

0

37

<$400K $400-599K $600-799K $800-999K $1.0M-1.24M $1.25M-1.49M $1.5M-1.99M $2M+

<2bdrms

S-LRATIO SALES INVENTORY

2 2 100%

41 34 83%

64 58 91%

65 31 48%

21 4 19%

13 2 15%

11 2 18%

43

Copyright©December6,2021renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofDecember6,2021.AldatafromRealEstateBoardofGreater VancouverandFraserValey&Renie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipientoftheinformationshould takestepsastherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfromarennieandasociatesadvisor.Al informationissubjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromreniegroupofcompanies.E.&O.E. 19 ●

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