burnabysouth DETACHED-JANUARY 202
SALESTO LISTINGSRATIO 32% SELLERS'MARKET
▶ MARKETSUMMARY Therewere76detachedlistingsinBurnabySouthin January,15%aboveDecemberand37%lowerthan January2021. Januarydetachedhomesalesdecreasedby37% month-over-month,to24,andwere8%belowJanuary 2021. Thesales-to-listingratiofordetachedinBurnabySouth, at32%,reflectedaselers'market. ThedetachedmedianpriceinJanuarywas$1,927,550,a 6%decreasefromDecemberand19%aboveJanuary 2021. Theaveragesoldpricewas$2,092,671,5%belowlast monthandup20%toJanuary2021.
AVERAGEPRICE
MEDIANPRICE
TOTALLISTINGS
SALES
▲ 20% VS2021
▲ 19% VS2021
▼ 37% VS2021
▼ 8% VS2021
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No.
%Change
No.
%Change
TOTALLISTINGS TOTALSALES
24 76
$1,741,743 $1,620,000 22% 26 120
20% 19% 46% -8% -37%
38 66
-45% -37% 15%
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE
$2,092,671 $1,927,550 32%
$2,210,945 $2,044,000 58%
-5% -6%
▶ RATIOOFMEDIANPRICES
▶ RECENTTRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTALINVENTORY ● MEDIANPRICE
201
212
189
169
2.50
148
164
128
153
120
2.03
100
120
1.87
71
62
76
55
52
44
40
66
38
1.39
48
1.35
26
39
38
24
31
1.13
$2.04M
$2.02M
$2.00M
$1.93M
$1.91M
$1.86M
$1.83M
$1.77M $1.70M
$1.78M
$1.75M
$1.73M
$1.62M
Jan-21
Dec-21
Jan-22
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELERS'MARKET 21%+
BALANCED 12-20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY ● S-LRATIO
30
25
81%
20
15
36%
10
20%
5
6%
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
0 1 n/a
16 13 81%
14 5 36%
15 3 20%
31 2 6%
Copyright©February8,202renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofFebruary8,202.AldatafromRealEstate BoardofGreaterVancouverandFraserValey&Rennie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycanotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.The recipientoftheinformationshouldtakestepsastherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbe obtainedfromarennieandasociatesadvisor.Alinformationissubjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromrenniegroupofcompanies.E.&O.E.
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