burnabysouth DETACHED-MAY 2021
SALESTO LISTINGSRATIO 25% SELLER'SMARKET
▶ MARKETSUMMARY
AVERAGEPRICE
MEDIANPRICE
TOTALLISTINGS
SALES
▲ 24% VS2020
▲ 21% VS2020
▲ 70% VS2020
▲ 194% VS2020
Therewere212detachedlistingsinBurnabySouthin May,5%aboveApriland70%higherthanMay2020. Maydetachedhomesalesdecreasedby15% month-over-month,to53,andwere194%aboveMay 2020. Thesales-to-listingratiofordetachedinBurnabySouth, at25%,reflectedaseler'smarket.
THISMONTH No. $1,870,743 $1,784,000 25% 53 212
PREVIOUSYEAR
PREVIOUSMONTH
No.
%Change
No.
%Change
TOTALLISTINGS TOTALSALES
$1,509,167 $1,478,500 14% 18 125
24% 21% 74% 194% 70%
$2,007,949 $1,779,000 31% 62 201
-7% 0.3% -19% -15% 5%
ThedetachedmedianpriceinMaywas$1,784,000,a 0.3%increasefromApriland21%aboveMay2020.
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE
Theaveragesoldpricewas$1,870,743,7%belowlast monthanddown24%toMay2020.
▶ RATIOOFMEDIANPRICES
▶ RECENTTRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTALINVENTORY ● MEDIANPRICE
201
212
175
169
168
166
2.09
155
2.03
169
1.83
120
135
125
120
14
71
1.42
1.36
1.31
40 41
53
39
62
26
24
48
18
26
26
24
$1.78M
$1.78M
$1.77M $1.70M
$1.63M
$1.62M
$1.60M
$1.60M
$1.57M
$1.58M
$1.51M
$1.49M
$1.48M
May-20
Apr-21
May-21
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELER'SMARKET 21%+
BALANCED 12-20%
BUYER'SMARKET <12%
● SALES ● TOTALINVENTORY ● S-LRATIO
80
100%+
60
53%
40
33%
26%
20
14%
3%
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
1 3 300%
15 8 53%
84 22 26%
42 14 33%
37 5 14%
33 1 3%
Copyright©June7,2021reniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofJune7,2021.AldatafromRealEstateBoardof GreaterVancouverandFraserValey&Rennie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipient oftheinformationshouldtakestepsastherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtained fromarenieandasociatesadvisor.Alinformationissubjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromrenniegroupofcompanies.E.&O.E.
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