burnabysouth DETACHED -MAY 2023
SALES TO LISTINGSRATIO 56% SELLERS'M ARKET
▶ MARKETSUMMARY
AVERAGEPRICE
MEDIAN PRICE
TOTALLISTINGS
SALES
▼ 3% VS 2022
▼ 8% VS 2022
▼ 44% VS 2022
▲ 39% VS 2022
Therewere70 detachedlistingsin BurnabySouth in M ay,6% aboveApriland 44% lowerthan M ay2022. M ay detached hom esalesincreased by 11% m onth-over-m onth,to39,and were39% aboveM ay 2022. Thesales-to-listing ratio fordetached in Burnaby South, at56% ,reflected aselers'm arket.
THISMONTH No.
PREVIOUSMONTH
PREVIOUSYEAR
No.
% Change
No.
% Change
TOTALLISTINGS TOTALSALES
39 70
$2,278,403 $2,175,000 22% 28 125
-3% -8% 149% 39% -44%
35 66
8% 8% 5% 11% 6%
Thedetachedm edian pricein M aywas$2,000,000,a8% increasefrom Apriland 8% below M ay2022.
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE
$2,212,417 $2,000,000 56%
$2,048,251 $1,845,000 53%
Theaveragesold pricewas$2,212,417,8% abovelast m onthand down 3% toM ay2022.
▶ RATIO OFMEDIAN PRICES
▶ RECENTTRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
125
109
122
106
12
2.02
104
1.94
80
79
90
1.68
70
74
73
1.61
66 35
1.33
39
1.31
24
21
28
20
16
19
16
14
12
12 12
$2.23M
$2.17M
$2.19M
$2.13M
$1.91M
$1.87M $1.90M
$1.85M $1.85M $2.00M $1.71M $1.74M
$1.76M
22-May
23-Apr
23-May
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21% +
BALANCED 12 - 20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY ● S-L RATIO
20
92%
86%
15
10
39%
5
7%
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-L RATIO SALES INVENTORY
2 0 n/a
22 19 86%
13 12 92%
15 1 7%
18 7 39%
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