burnabysouth CONDO -OCTOBER 202
SALES TO LISTINGSRATIO 30% SELLERS'M ARKET
▶ MARKETSUMMARY Therewere264 condolistingsin BurnabySouth in O ctober,6% aboveSeptem berand 6% higherthan October2021. O ctobercondosalesincreased by10% m onth-over-m onth,to 78,and were47% below O ctober 2021. Thesales-to-listing ratio forcondosin BurnabySouth,at 30% ,reflected aselers'm arket. Thecondom edian pricein Octoberwas$712,000,a4% increasefrom Septem berand 8% aboveO ctober2021. Theaveragesold pricewas$724,320,3% abovelast m onth;theaveragePSF salepricewas$843,down 6% to lastm onth.
AVERAGEPRICE
AVERAGE PSF PRICE ▲ 3% VS 2021
MEDIAN PRICE
TOTALLISTINGS
SALES
▲ 6% VS 2021
▲ 8% VS 2021
▲ 6% VS 2021
▼ 47% VS 2021
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No. 59% 147 248
% Change
No.
% Change
TOTALLISTINGS TOTALSALES
$843 $724,320 $712,000 30% 78 264
-50% -47% 6%
$900 $702,517 $682,000 29% 71 248
-6% 3% 4% 3% 10% 6%
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF
$821 $685,748 $660,000
3% 6% 8%
▶ AVG PRICEPERSQUAREFOOT
▶ RECENTTRENDS
● OCT 2021 ● OCT 202
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
280
299
298
283
264
248
257
217
248
219
180
143
147
164
159
1
101
136
133
126
84
17
107
78
88
71
$725K $740K $725K $760K $750K
$695K $715K $710K $720K $682K $712K
$660K $670K
BURNABYSOUTH REBGV
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21% +
BALANCED 12 - 20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-L RATIO
120
100
4+ bdrms
80
69%
6
3 bdrms
60
29
37%
40
49
24%
2 bdrms
15%
20
184
6%
0
23
<$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
0 2 n/a
32 22 69%
110 26 24%
65 24 37%
33 2 6%
13 2 15%
8 0 n/a
3 0 n/a
51
Copyright© Novem ber7,202 renniegroupofcom panies.Alrightsreserved.Thism aterialm aynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenperm is ionoftherenniegroupofcom panies.CurentasofNovem ber7,202 .Aldatafrom RealEstateBoardofGreater VancouverandFraserValey& Ren ie.W hiletheinform ationanddatacontainedhereinhasbe nobtainedfrom sourcesde m edreliable,ac uracycannotbeguarante d.renniegroupofcom paniesdoesnotas um eresponsibiltyorliabiltyforanyinac uracies.Therecipientoftheinform ationshould takestepsastherecipientm ayde m neces arytoverifytheinform ationpriortoplacinganyrelianceupontheinform ation.Theinform ationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfrom arennieandas ociatesadvisor.Al inform ationissubjecttochangeandanypropertym aybewithdrawnfrom them arketatanytim ewithoutnoticeorobligationtotherecipientfrom ren iegroupofcom panies.E.&O.E. 19 ●
Made with FlippingBook - professional solution for displaying marketing and sales documents online