the rennie review - November 2022

burnabysouth TOWNHOME-OCTOBER 202

SALES TO LISTINGSRATIO 43% SELLERS'M ARKET

▶ MARKETSUMMARY Therewere56townhom elistingsin BurnabySouth in O ctober,4% aboveSeptem berand 60% higherthan October2021. O ctobertownhom esalesincreased by200% m onth-over-m onth,to 24,and were14% below O ctober 2021. Thesales-to-listing ratio fortow nhom esin Burnaby South,at43% ,reflected aselers'm arket. Thetownhom em edian pricein Octoberwas$904,944,a 17% increasefrom Septem berand 4% aboveO ctober 2021. Theaveragesold pricewas$1,017,079,32% abovelast m onth;theaveragePSF salepricewas$749,down 8% to lastm onth.

AVERAGEPRICE

AVERAGE PSF PRICE ▲ 9% VS 2021

MEDIAN PRICE

TOTALLISTINGS

SALES

▲ 13% VS 2021

▲ 4% VS 2021

▲ 60% VS 2021

▼ 14% VS 2021

THISMONTH No.

PREVIOUSYEAR

PREVIOUSMONTH

No.

% Change

No.

% Change

TOTALLISTINGS TOTALSALES

24 56

28 35

9% 13% 4% -46% -14% 60%

$815 $768,813 $775,000 15% 8 54

189% 200% 4%

SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF

$749 $1,017,079 $904,944 43%

$687 $898,375 $870,000 80%

-8% 32% 17%

▶ AVG PRICEPERSQUAREFOOT

▶ RECENTTRENDS

● OCT 2021 ● OCT 202

● SALES ● TOTALINVENTORY ● MEDIAN PRICE

56

54

46

42

45

43 44

35

33

33

39

29

27

28

24

21

15

15

20

20

17

13 13

13

1

8

$1.11M $1.12M

$1.03M $997K $1.00M

$905K

$870K $930K

$850K $883K $925K

$819K

$775K

BURNABYSOUTH REBGV

▶ NUMBEROFBEDROOMS

▶ TOTALLISTINGS&SALESBYPRICERANGE

SEL ERS'MARKET 21% +

BALANCED 12 - 20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY

● SALES ● TOTALINVENTORY ● S-L RATIO

14

6

4+ bdrms

12

11

10

67%

9

62%

8

3 bdrms

25

50% 50%

6

33%

8

4

2 bdrms

14%

20

2

0

1

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

<2 bdrms

S-L RATIO SALES INVENTORY

2 1 50%

12 6 50%

13 8 62%

9 3 33%

14 2 14%

6 4 67%

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