the rennie review - April 2023

burnabysouth CONDO -MARCH 2023

SALES TO LISTINGSRATIO 39% SELLERS'M ARKET

▶ MARKETSUMMARY

AVERAGEPRICE

AVERAGE PSF PRICE ▲ 0.9% VS 2022

MEDIAN PRICE

TOTALLISTINGS

SALES

▼ 3% VS 2022

▼ 1.3% VS 2022

▲ 14% VS 2022

▼ 33% VS 2022

Therewere249 condolistingsin BurnabySouth in M arch,10% aboveFebruaryand 14% higherthan M arch 2022. M arch condosalesincreased by14% m onth-over-m onth, to96,and were33% below M arch 2022.

THISMONTH No.

PREVIOUSMONTH

PREVIOUSYEAR

No. 65% 143 219

% Change

No.

% Change

Thesales-to-listing ratio forcondosin BurnabySouth,at 39% ,reflected aselers'm arket.

TOTALLISTINGS TOTALSALES

$917 $747,909 $749,900 39% 96 249

0.9% -3% -1.3% -41% -33% 14%

$930 $771,489 $727,950 37% 84 226

14% 10%

Thecondom edian pricein M arch was$749,900,a3% increasefrom Februaryand 1.3% below M arch 2022. Theaveragesold pricewas$747,909,3% below last m onth;theaveragePSF salepricewas$917,down 1.4% tolastm onth.

SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF

3% 4%

$909 $773,321 $760,000

-1.4% -3%

▶ AVG PRICEPERSQUAREFOOT

▶ RECENTTRENDS

● MAR 202 ● MAR 2023

● SALES ● TOTALINVENTORY ● MEDIAN PRICE

280

264

299 298

259

283

249

226

257 248

219

203

196

143

1

101

84

84

17

78

96

76

66

88

71

33

$760K $750K

$720K $682K $712K

$710K $728K $750K

$695K $715K $710K

$664K $684K

BURNABYSOUTH REBGV

▶ NUMBEROFBEDROOMS

▶ TOTALLISTINGS&SALESBYPRICERANGE

SEL ERS'MARKET 21% +

BALANCED 12 - 20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY

● SALES ● TOTALINVENTORY ● S-L RATIO

70

4+ bdrms

60

1

50

64%

4

59%

40

3 bdrms

37

30

40%

60

20

2 bdrms

143

10

9%

0

32

<$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

32 19 59%

70 45 64%

70 28 40%

46 4 9%

16 0 n/a

10 0 n/a

5 0 n/a

68

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