burnabysouth DETACHED -DECEMBER 202
SALESTO LISTINGSRATIO 16% BALANCEDMARKET
▶ MARKETSUMMARY Therewere74 detachedlistingsin BurnabySouth in D ecem ber,18% below N ovem berand 12% higherthan D ecem ber2021. D ecem berdetached hom esalesdecreased by 43% m onth-over-m onth,to12,and were68% below D ecem ber2021. Thesales-to-listing ratio fordetached in Burnaby South, at16% ,reflected abalanced m arket. Thedetachedm edian pricein D ecem berwas$2,234,000, a17% increasefrom N ovem berand 9% aboveD ecem ber 2021. Theaveragesold pricewas$2,452,167,15% abovelast m onth and up 11% toD ecem ber2021.
AVERAGEPRICE
MEDIAN PRICE
TOTALLISTINGS
SALES
▲ 11% VS2021
▲ 9% VS2021
▲ 12% VS2021
▼ 68% VS2021
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No.
%Change
%Change
No.
TOTALLISTINGS TOTALSALES
12 74
38 66
11% 9% -72% -68% 12%
15% 17% -31% -43% -18%
21 90
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE
$2,136,238 $1,910,000 23%
$2,452,167 $2,234,000 16%
$2,210,945 $2,044,000 58%
▶ RATIO OFMEDIAN PRICES
▶ RECENTTRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
12
125
109
122
106
12
1
2.50
2.46
90
104
76
80
1.94
74
66
41
38
38
1.49
24
1.33
21
20
32
28
24
1.13
12
19
14
12
$2.46M
$2.21M $2.21M $2.17M
$2.23M
$2.19M
$2.13M
$2.04M $1.93M
$1.91M
$1.87M $1.90M
$1.76M
Dec-21
Nov-22
Dec-22
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21%+
BALANCED 12-20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY ● S-LRATIO
30
100%
25
20
15
10
23%
20%
5
10%
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-LRATIO SALES INVENTORY
2 2 100%
30 3 10%
15 3 20%
14 1 7%
13 3 23%
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