burnaby south CONDO - DECEMBER 2 0 2 3
SALES TO LISTINGS RATIO 24% SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▲ 5% VS 2022
MEDIAN PRICE
TOTAL LISTINGS
SALES
▲ 11% VS 2022
▲ 12% VS 2022
▲ 25% VS 2022
▼ 12% VS 2022
There were 245 condo listings in Burnaby South in December, 21% below November and 25% higher than December 2022. December condo sales increased by 4% month-over-month, to 58, and were 12% below December 2022. The sales-to-listing ratio for condos in Burnaby South, at 24%, reflected a sellers' market. The condo median price in December was $766,500, a 4% decrease from November and 12% above December 2022. The average sold price was $796,640, 1.2% above last month; the average PSF sale price was $922, up 0.1% 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
$922 $796,640 $766,500 24% 58 245
$877 $720,499 $684,000 34% 66 196
5% 11% 12% -30% -12% 25%
$922 $787,312 $795,500 18% 56 309
0.1% 1.2% -4% 31% 4% -21%
▶ AVG PRICE PER SQUARE FOOT
▶ RECENT TRENDS
● DEC 2022 ● DEC 2023
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
309
306
305
257
254
249
245
245
242
242
226
196
203
161
149
90
84
116
75
96
93
66
79
58
56
33
$840K
$796K
$784K
$794K
$780K
$767K
$750K
$743K
$745K
$728K
$728K
$710K
$684K
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
80
4+ bdrms
60
5
57%
3 bdrms
32
40
31%
38
2 bdrms
20
18% 16%
145
13%
0
15
<$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
14 8 57%
89 28 31%
73 13 18%
45 7 16%
15 2 13%
7 0 n/a
2 0 n/a
68
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. 19 ●
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