burnabysouth DETACHED-JULY 2021
SALESTO LISTINGSRATIO 24% SELLER'SMARKET
▶ MARKETSUMMARY
AVERAGEPRICE
MEDIANPRICE
TOTALLISTINGS
SALES
▲ 33% VS2020
▲ 35% VS2020
▼ 1.2% VS2020
▲ 54% VS2020
Therewere164detachedlistingsinBurnabySouthin July,13%belowJuneand-1.2%lowerthanJuly2020. Julydetachedhomesalesincreasedby3% month-over-month,to40,andwere54%aboveJuly 2020. Thesales-to-listingratiofordetachedinBurnabySouth, at24%,reflectedaseler'smarket.
THISMONTH No. $2,077,662 $2,025,000 24% 40 164
PREVIOUSYEAR
PREVIOUSMONTH
No.
%Change
No.
%Change
TOTALLISTINGS TOTALSALES
$1,562,478 $1,505,325 16% 26 166
33% 35% 56% 54% -1.2%
$2,031,538 $1,860,000 21% 39 189
2% 9% 18% 3% -13%
ThedetachedmedianpriceinJulywas$2,025,000,a9% increasefromJuneand35%aboveJuly2020.
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE
Theaveragesoldpricewas$2,077,662,2%abovelast monthandup33%toJuly2020.
▶ RATIOOFMEDIANPRICES
▶ RECENTTRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTALINVENTORY ● MEDIANPRICE
201
212
189
175
169
168
2.27
166
164
2.21
169
2.06
120
135
120
14
71
53
1.39
41
40
39
62
40
1.26
1.24
48
26
39
26
26
24
$2.02M
$1.86M
$1.78M
$1.78M
$1.77M $1.70M
$1.63M
$1.62M
$1.60M
$1.60M
$1.57M
$1.58M
$1.51M
Jul-20
Jun-21
Jul-21
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELER'SMARKET 21%+
BALANCED 12-20%
BUYER'SMARKET <12%
● SALES ● TOTALINVENTORY ● S-LRATIO
60
50
40
30
33%
20
32%
21%
10
11%
7%
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-LRATIO SALES INVENTORY
9 1 11%
59 19 32%
33 11 33%
33 7 21%
30 2 7%
Copyright©August9,2021renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofAugust9,2021.AldatafromRealEstateBoardof GreaterVancouverandFraserValey&Rennie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipient oftheinformationshouldtakestepsastherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtained fromarenieandasociatesadvisor.Alinformationissubjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromrenniegroupofcompanies.E.&O.E.
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