burnabysouth CONDO-JANUARY 202
SALESTO LISTINGSRATIO 65% SELLERS'MARKET
▶ MARKETSUMMARY
AVERAGEPRICE
AVERAGE PSFPRICE ▲ 14% VS2021
MEDIANPRICE
TOTALLISTINGS
SALES
▲ 22% VS2021
▲ 24% VS2021
▼ 51% VS2021
▲ 24% VS2021
Therewere164condolistingsinBurnabySouthin January,3%aboveDecemberand51%lowerthanJanuary 2021. Januarycondosalesdecreasedby15% month-over-month,to107,andwere24%aboveJanuary 2021. Thesales-to-listingratioforcondosinBurnabySouth,at 65%,reflectedaselers'market. ThecondomedianpriceinJanuarywas$740,000,a2% changefromDecemberand24%aboveJanuary2021. Theaveragesoldpricewas$764,175,2.0%belowlast month;theaveragePSFsalepricewas$889,down5%to lastmonth.
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No.
%Change
No. 79% 126 159
%Change
TOTALLISTINGS TOTALSALES
65% 107 164
$781 $627,244 $594,500 26% 86 333
14% 22% 24% 153% 24% -51%
-18% -15% 3%
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF
$889 $764,175 $740,000
$936 $779,534 $725,250
-5% -2% 2%
▶ AVGPRICEPERSQUAREFOOT
▶ RECENTTRENDS
● JAN 2021 ● JAN 202
● SALES ● TOTALINVENTORY ● MEDIANPRICE
337
353
322
333
320 320
314
301 31
217
248
188
159
147
164
137
123
157
133
133
107
126
124
123
15
86
$740K
$725K
$672K
$670K
$658K
$662K
$660K
$650K
$650K
$657K
$648K
$600K
$595K
BURNABYSOUTH REBGV
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELERS'MARKET 21%+
BALANCED 12-20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-LRATIO
50
1
96%
4+bdrms
40
75%
72%
30
10
3bdrms
27
50%
20
71
2bdrms
10
14%
14%
104
0
25
<$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
1 0 n/a
29 21 72%
46 44 96%
44 33 75%
28 4 14%
8 4 50%
7 1 14%
1 0 n/a
33
Copyright©February8,202renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofFebruary8,202.AldatafromRealEstateBoardofGreater VancouverandFraserValey&Renie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipientoftheinformationshould takestepsastherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfromarennieandasociatesadvisor.Al informationissubjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromreniegroupofcompanies.E.&O.E. 19 ●
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