burnaby south DETACHED - DECEMBER 2 0 2 3
SALES TO LISTINGS RATIO 10% BUYERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
MEDIAN PRICE
TOTAL LISTINGS
SALES
▲ 19% VS 2022
▼ 17% VS 2022
▼ 17% VS 2022
▼ 25% VS 2022
There were 88 detached listings in Burnaby South in December, 13% below November and 19% higher than December 2022. December detached home sales decreased by 25% month-over-month, to 9, and were 25% below December 2022. The sales-to-listing ratio for detached in Burnaby South, at 10%, reflected a buyers' market. The detached median price in December was $1,850,000, a 8% increase from November and 17% below December 2022. The average sold price was $2,040,556, 15% above last month and down 17% to December 2022.
THIS MONTH No. $2,040,556 $1,850,000 10% 9 88
PREVIOUS MONTH
PREVIOUS YEAR
No.
% Change
No.
% Change
TOTAL LISTINGS TOTAL SALES SALES-LISTINGS RATIO MEDIAN SOLD PRICE AVERAGE SOLD PRICE
12 74
-17% -17% -37% -25% 19%
$1,775,407 $1,715,000 12% 12 101
15% 8% -14% -25% -13%
$2,452,167 $2,234,000 16%
▶ RATIO OF MEDIAN PRICES
▶ RECENT TRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
120
104
118
97
108
2.46
101
88
80
79
74
73
70
66
1.76
39
35
25
24
1.43 1.51
16
1.37
1.33
24
22
12
20
16
9
12
12
$2.23M
$2.04M $2.09M $2.10M $2.15M
$1.85M $1.85M $2.00M $2.00M $1.71M $1.74M
$1.72M $1.85M
22-Dec
23-Nov
23-Dec
▶ TOTAL LISTINGS & SALES BY PRICE RANGE
SELLERS' MARKET 21% +
BALANCED 12 - 20%
BUYERS' MARKET <12%
● SALES ● TOTAL INVENTORY ● S-L RATIO
25
20
15
10
26%
5
5%
5%
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
27 7 26%
20 1 5%
21 0 n/a
20 1 5%
Copyright © 2024 rennie group of companies. All rights reserved. This material may not be reproduced or distributed, in whole or in part, without the prior written permission of the rennie group of companies. Current as of January 10, 2024. All data from Real Estate Board of Greater Vancouver and Fraser Valley & Rennie. While the information and data contained herein has been obtained from sources deemed reliable, accuracy cannot be guaranteed. rennie group of companies does not assume responsibility or liability for any inaccuracies. The recipient of the information should take steps as the recipient may deem necessary to verify the information prior to placing any reliance upon the information. The information contained within this report should not be used as an opinion of value, such opinions should and can be obtained from a rennie and associates advisor. All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies. E.&O.E.
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