burnaby south TOWNHOME - DECEMBER 2 0 2 3
SALES TO LISTINGS RATIO 33% SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▲ 20% VS 2022
MEDIAN PRICE
TOTAL LISTINGS
SALES
▲ 9% VS 2022
▲ 16% VS 2022
▼ 14% VS 2022
▼ 9% VS 2022
There were 30 townhome listings in Burnaby South in December, 21% below November and 14% lower than December 2022. December townhome sales decreased by 9% month-over-month, to 10, and were 9% below December 2022. The sales-to-listing ratio for townhomes in Burnaby South, at 33%, reflected a sellers' market. The townhome median price in December was $1,050,844, a 12% decrease from November and 16% above December 2022. The average sold price was $1,069,549, 7% below last month; the average PSF sale price was $856, up 10% to last month.
THIS MONTH No.
PREVIOUS MONTH
PREVIOUS YEAR
No.
% Change
No.
% Change
TOTAL LISTINGS TOTAL SALES SALES-LISTINGS RATIO MEDIAN SOLD PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
10 30
11 35
20% 9% 16% 6% -9% -14%
11 38
10% -7% -12% 15% -9% -21%
$856 $1,069,549 $1,050,844 33%
$714 $977,509 $907,000 31%
$780 $1,149,035 $1,200,000 29%
▶ AVG PRICE PER SQUARE FOOT
▶ RECENT TRENDS
● DEC 2022 ● DEC 2023
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
56
50
50
43
49
40
46
38
36
35
34
27
26
30
29
16
15
14
19
16
11
14
10
13
5
11
$1.25M $1.19M
$1.20M
$1.10M
$1.07M
$1.06M
$1.05M
$980K
$990K
$955K
$929K
$907K
$791K
BURNABY SOUTH
REBGV
▶ NUMBER OF BEDROOMS
▶ TOTAL LISTINGS & SALES BY PRICE RANGE
SELLERS' MARKET 21% +
BALANCED 12 - 20%
BUYERS' MARKET <12%
● SALES ● TOTAL INVENTORY
● SALES ● TOTAL INVENTORY ● S-L RATIO
7
3
4+ bdrms
6
5
5
67%
2
4
3 bdrms
15
50%
3
33%
29%
5
2
2 bdrms
17%
9
1
0
<2 bdrms
<$400K $400-599K $600-799K $800-999K $1.0M-1.24M $1.25M-1.49M $1.5M-1.99M $2M+
1
S-L RATIO SALES INVENTORY
1 0 n/a
3 2 67%
6 3 50%
6 2 33%
7 2 29%
6 1 17%
1 0 n/a
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. 18 ●
Made with FlippingBook - professional solution for displaying marketing and sales documents online