burnabysouth TOWNHOME-MAY 2023
SALES TO LISTINGSRATIO 34% SELLERS'M ARKET
▶ MARKETSUMMARY
AVERAGEPRICE
AVERAGE PSF PRICE ▲ 0.2% VS 2022
MEDIAN PRICE
TOTALLISTINGS
SALES
▲ 4% VS 2022
▼ 12% VS 2022
▲ 27% VS 2022
▼ 10% VS 2022
Therewere56townhom elistingsin BurnabySouth in M ay,56% aboveApriland 27% higherthan M ay2022. M aytownhom esalesdecreased by30% m onth-over-m onth,to19,and were10% below M ay 2022. Thesales-to-listing ratio fortow nhom esin Burnaby South,at34% ,reflected aselers'm arket. Thetownhom em edian pricein M aywas$990,000,a 10% decreasefrom Apriland 12% below M ay2022. Theaveragesold pricewas$1,074,684,9% below last m onth;theaveragePSF salepricewas$801,down 2% to lastm onth.
THISMONTH No.
PREVIOUSMONTH
PREVIOUSYEAR
No.
% Change
No.
% Change
TOTALLISTINGS TOTALSALES
19 56
21 44
0.2% 4% -12% -29% -10% 27%
27 36
-10% -55% -30% 56%
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF
$801 $1,074,684 $990,000 34%
$799 $1,035,143 $1,120,000 48%
$821 $1,180,337 $1,100,000 75%
-2% -9%
▶ AVG PRICEPERSQUAREFOOT
▶ RECENTTRENDS
● MAY 202 ● MAY 2023
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
56
56
54
46
44
40
45
45
36
39
35
34
27
24
29
21
15
14
19
1
16
14
13
5
1
8
$1.12M
$1.10M
$1.07M
$990K
$987K $907K
$980K $955K
$905K
$883K $925K
$850K
$775K
BURNABYSOUTH REBGV
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21% +
BALANCED 12 - 20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-L RATIO
2
4+ bdrms
15
12
78%
13
10
3 bdrms
22
40% 38%
27%
4
5
2 bdrms
21
12%
0
<2 bdrms
<$400K $400-599K $600-799K $800-999K $1.0M -1.24M $1.25M -1.49M $1.5M -1.99M $2M +
1
S-L RATIO SALES INVENTORY
11 3 27%
9 7 78%
10 4 40%
8 3 38%
17 2 12%
1 0 n/a
Copyright© June5,2023renniegroupofcom panies.Alrightsreserved.Thism aterialm aynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenperm is ionoftherenniegroupofcom panies.CurentasofJune5,2023.Aldatafrom RealEstateBoardofGreaterVancouverand FraserValey& Rennie.W hiletheinform ationanddatacontainedhereinhasbe nobtainedfrom sourcesde m edreliable,ac uracycannotbeguarante d.renniegroupofcom paniesdoesnotas um eresponsibiltyorliabiltyforanyinac uracies.Therecipientoftheinform ationshouldtakestepsas therecipientm ayde m neces arytoverifytheinform ationpriortoplacinganyrelianceupontheinform ation.Theinform ationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfrom arennieandas ociatesadvisor.Alinform ationis subjecttochangeandanypropertym aybewithdrawnfrom them arketatanytim ewithoutnoticeorobligationtotherecipientfrom ren iegroupofcom panies.E.&O.E. 18 ●
Made with FlippingBook - professional solution for displaying marketing and sales documents online