burnabysouth CONDO -DECEMBER 202
SALESTO LISTINGSRATIO 34% SELLERS'M ARKET
▶ MARKETSUMMARY Therewere196 condolistingsin BurnabySouth in D ecem ber,24% below N ovem berand 23% higherthan D ecem ber2021. D ecem bercondo salesdecreased by 12% m onth-over-m onth,to67,and were47% below D ecem ber2021. Thesales-to-listing ratio forcondosin BurnabySouth,at 34% ,reflected aselers'm arket. Thecondom edian pricein D ecem berwas$683,000,a 3% increasefrom N ovem berand 6% below D ecem ber 2021. Theaveragesold pricewas$716,910,0.2% below last m onth;theaveragePSF salepricewas$882,up 3% to lastm onth.
AVERAGEPRICE
AVERAGE PSFPRICE ▼ 6% VS2021
MEDIAN PRICE
TOTALLISTINGS
SALES
▼ 8% VS2021
▼ 6% VS2021
▲ 23% VS2021
▼ 47% VS2021
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No. 79% 126 159
%Change
No.
%Change
TOTALLISTINGS TOTALSALES
$882 $716,910 $683,000 34% 67 196
-57% -47% 23%
$853 $718,032 $663,500 29% 76 259
3% -0.2% 3% 16% -12% -24%
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF
$936 $779,534 $725,250
-6% -8% -6%
▶ AVG PRICEPERSQUAREFOOT
▶ RECENTTRENDS
● DEC 2021 ● DEC 202
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
280
264
299 298
259
283
257 248
219
180
196
143
159 126
136
164
1
101
84
17
78 76
107
88
67
71
$725K $740K $725K $760K $750K
$695K $715K $710K $720K $682K $712K
$664K $683K
BURNABYSOUTH REBGV
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21%+
BALANCED 12-20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-LRATIO
80
4+bdrms
60
3
58%
3bdrms
53%
40
28
29%
44
20
2bdrms
15%
128
0
20
<$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
19 11 58%
78 41 53%
52 8 15%
24 7 29%
14 0 n/a
6 0 n/a
3 0 n/a
40
Copyright© January4,2023ren iegroupofcom panies.Alrightsreserved.Thism aterialm aynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenperm is ionoftherenniegroupofcom panies.CurentasofJanuary4,2023.Aldatafrom RealEstateBoardofGreater VancouverandFraserValey& Rennie.W hiletheinform ationanddatacontainedhereinhasbe nobtainedfrom sourcesde m edreliable,ac uracycannotbeguarante d.renniegroupofcom paniesdoesnotas um eresponsibiltyorliabiltyforanyinac uracies.Therecipientoftheinform ationshould takestepsastherecipientm ayde m neces arytoverifytheinform ationpriortoplacinganyrelianceupontheinform ation.Theinform ationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfrom arennieandas ociatesadvisor.Al inform ationissubjecttochangeandanypropertym aybewithdrawnfrom them arketatanytim ewithoutnoticeorobligationtotherecipientfrom renniegroupofcom panies.E.&O.E. 19 ●
Made with FlippingBook - professional solution for displaying marketing and sales documents online