burnabysouth DETACHED -MARCH 2023
SALES TO LISTINGSRATIO 20% BALANCEDMARKET
▶ MARKETSUMMARY Therewere80 detachedlistingsin BurnabySouth in M arch,1.3% aboveFebruaryand 29% lowerthan M arch 2022. M arch detached hom esalesrem ained thesam e m onth-over-m onth,at16,and were50% below M arch 2022. Thesales-to-listing ratio fordetached in Burnaby South, at20% ,reflected abalanced m arket.
AVERAGEPRICE
MEDIAN PRICE
TOTALLISTINGS
SALES
▼ 19% VS 2022
▼ 16% VS 2022
▼ 29% VS 2022
▼ 50% VS 2022
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No.
% Change -19% -16% -30% -50% -29%
No.
% Change
TOTALLISTINGS TOTALSALES
16 80
$2,400,406 $2,210,000 29% 32 112
16 79
11% 6% -1.2% 0% 1.3%
Thedetachedm edian pricein M arch was$1,852,500,a 6% increasefrom Februaryand 16% below M arch 2022.
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE
$1,955,813 $1,852,500 20%
$1,765,793 $1,742,500 20%
Theaveragesold pricewas$1,955,813,11% abovelast m onth and down 19% toM arch 2022.
▶ RATIO OFMEDIAN PRICES
▶ RECENTTRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
125
109
122
106
12
12
1
2.20
104
79
90
80
1.94
1.78
74
73
38
1.35
32
24
1.32
21
20
1.27
16
28
16
19
14
12
12 12
$2.23M
$2.21M $2.21M $2.17M
$2.19M
$2.13M
$1.91M
$1.87M $1.90M
$1.76M
$1.71M $1.74M $1.85M
22-Mar
23-Feb
23-Mar
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21% +
BALANCED 12 - 20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY ● S-L RATIO
20
15
50%
10
36%
32%
5
11%
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-L RATIO SALES INVENTORY
4 2 50%
22 7 32%
14 5 36%
19 2 11%
21 0 n/a
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