the rennie review - February 2022

burnabysouth TOWNHOME-JANUARY 202

SALESTO LISTINGSRATIO 65% SELLERS'MARKET

▶ MARKETSUMMARY Therewere20townhomelistingsinBurnabySouthin January,33%aboveDecemberand64%lowerthan January2021. Januarytownhomesalesremainedthesame month-over-month,at13,andwere32%belowJanuary 2021. Thesales-to-listingratiofortownhomesinBurnaby South,at65%,reflectedaselers'market. ThetownhomemedianpriceinJanuarywas$1,030,000, a26%changefromDecemberand29%aboveJanuary 2021. Theaveragesoldpricewas$1,071,138,22%abovelast month;theaveragePSFsalepricewas$801,up1.7%to lastmonth.

AVERAGEPRICE

AVERAGE PSFPRICE ▲ 13% VS2021

MEDIANPRICE

TOTALLISTINGS

SALES

▲ 31% VS2021

▲ 28% VS2021

▼ 64% VS2021

▼ 32% VS2021

THISMONTH No.

PREVIOUSYEAR

PREVIOUSMONTH

No.

%Change

No.

%Change

TOTALLISTINGS TOTALSALES

13 20

19 56

13% 31% 29% 92% -32% -64%

13 15

1.7% 22% 26% -25% 0% 33%

SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF

$801 $1,071,138 $1,030,000 65%

$710 $820,767 $799,900 34%

$788 $878,354 $819,000 87%

▶ AVGPRICEPERSQUAREFOOT

▶ RECENTTRENDS

● JAN 2021 ● JAN 202

● SALES ● TOTALINVENTORY ● MEDIANPRICE

74

75

63 63

61

68

67

54

53

56

35

32

39

29

28

32

28

25 26

20 13

15

19

20

20

13

$1.03M

$930K

$915K

$879K

$868K

$870K

$853K

$837K

$836K

$820K

$819K

$800K

$778K

BURNABYSOUTH REBGV

▶ NUMBEROFBEDROOMS

▶ TOTALLISTINGS&SALESBYPRICERANGE

SELERS'MARKET 21%+

BALANCED 12-20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY

● SALES ● TOTALINVENTORY ● S-LRATIO

5

2 2

100% 100%

4+bdrms

4

75%

4

3

3bdrms

11

2

7

2bdrms

20%

1

6

0

<$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

0 1 n/a

3 0 n/a

5 5 100%

3 3 100%

4 3 75%

5 1 20%

1

Copyright©February8,202renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofFebruary8,202.AldatafromRealEstateBoardofGreater VancouverandFraserValey&Renie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipientoftheinformationshould takestepsastherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfromarennieandasociatesadvisor.Al informationissubjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromreniegroupofcompanies.E.&O.E. 18 ●

Made with FlippingBook - professional solution for displaying marketing and sales documents online