burnabysouth CONDO -MAY 2023
SALES TO LISTINGSRATIO 67% SELLERS'M ARKET
▶ MARKETSUMMARY
AVERAGEPRICE
AVERAGE PSF PRICE ▲ 12% VS 2022
MEDIAN PRICE
TOTALLISTINGS
SALES
▲ 12% VS 2022
▲ 7% VS 2022
▼ 14% VS 2022
▲ 45% VS 2022
Therewere242 condolistingsin BurnabySouth in M ay, 1.2% below Apriland 14% lowerthan M ay2022.
M aycondosalesincreased by8% m onth-over-m onth,to 161,and were45% aboveM ay2022.
THISMONTH No.
PREVIOUSMONTH
PREVIOUSYEAR
No. 39% 111 283
% Change
No. 61% 149 245
% Change
Thesales-to-listing ratio forcondosin BurnabySouth,at 67% ,reflected aselers'm arket.
TOTALLISTINGS TOTALSALES
67% 161 242
12% 12% 7% 70% 45% -14%
-2% -6% -12% 9% 8% -1.2%
Thecondom edian pricein M aywas$743,000,a12% decreasefrom Apriland 7% aboveM ay2022. Theaveragesold pricewas$797,128,6% below last m onth;theaveragePSF salepricewas$981,down 2.0% tolastm onth.
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF
$981 $797,128 $743,000
$1,001 $844,398 $840,000
$878 $711,216 $695,000
▶ AVG PRICEPERSQUAREFOOT
▶ RECENTTRENDS
● MAY 202 ● MAY 2023
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
283
264
299 298
259
249
226
242
257 248
245
203
196
149
161
101
1
84
84
78
76
66
96
88
71
33
$840K
$743K
$710K $728K $750K
$695K $715K $710K $720K $682K $712K $664K $684K
BURNABYSOUTH REBGV
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21% +
BALANCED 12 - 20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-L RATIO
80
100%+
70
4+ bdrms
89%
1
60
50
17
3 bdrms
56%
40
31
45%
30
29%
88
25%
20
2 bdrms
19%
147
10
0
56
<$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
26 29 112%
75 67 89%
72 40 56%
42 19 45%
16 3 19%
7 2 29%
4 1 25%
63
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