the rennie review - January 2023

burnabysouth TOWNHOME-DECEMBER 202

SALESTO LISTINGSRATIO 31% SELLERS'M ARKET

▶ MARKETSUMMARY Therewere35townhom elistingsin BurnabySouth in D ecem ber,22% below N ovem berand 133% higherthan D ecem ber2021. D ecem bertownhom esalesdecreased by31% m onth-over-m onth,to11,and were15% below D ecem ber2021. Thesales-to-listing ratio fortow nhom esin Burnaby South,at31% ,reflected aselers'm arket. Thetownhom em edian pricein D ecem berwas$907,000, a8% decreasefrom N ovem berand 11% aboveD ecem ber 2021. Theaveragesold pricewas$977,509,5% below last m onth;theaveragePSF salepricewas$714,down 0.1% to lastm onth.

AVERAGEPRICE

AVERAGE PSFPRICE ▼ 9% VS2021

MEDIAN PRICE

TOTALLISTINGS

SALES

▲ 11% VS2021

▲ 11% VS2021

▲ 133% VS2021

▼ 15% VS2021

THISMONTH No.

PREVIOUSYEAR

PREVIOUSMONTH

No.

%Change

No.

%Change

TOTALLISTINGS TOTALSALES

11 35

13 15

-64% -15% 133%

16 45

-0.1% -5% -8% -12% -31% -22%

SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF

$714 $977,509 $907,000 31%

$788 $878,354 $819,000 87%

$715 $1,030,349 $987,000 36%

-9% 11% 11%

▶ AVG PRICEPERSQUAREFOOT

▶ RECENTTRENDS

● DEC 2021 ● DEC 202

● SALES ● TOTALINVENTORY ● MEDIAN PRICE

56

54

46

42

45

45

44

43

33

33

39

35

27

24

21

15

20

15

17

16

1

13 13

13

1

8

$1.11M $1.12M

$1.03M $997K $1.00M

$987K

$905K

$907K

$850K $883K $925K

$819K

$775K

BURNABYSOUTH REBGV

▶ NUMBEROFBEDROOMS

▶ TOTALLISTINGS&SALESBYPRICERANGE

SEL ERS'MARKET 21%+

BALANCED 12-20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY

● SALES ● TOTALINVENTORY ● S-LRATIO

12

2

10

4+bdrms

5

8

7

63%

3bdrms

6

18

4

33%

2

2bdrms

20%

20%

2

11

9%

0

<$400K $400-599K $600-799K $800-999K $1.0M -1.24M $1.25M -1.49M $1.5M -1.99M $2M +

<2bdrms

S-LRATIO SALES INVENTORY

0 1 n/a

6 2 33%

8 5 63%

5 1 20%

11 1 9%

5 1 20%

1

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