the rennie review - June 2021

burnabysouth TOWNHOME-MAY 2021

SALESTO LISTINGSRATIO 48% SELLER'SMARKET

▶ MARKETSUMMARY

AVERAGEPRICE

AVERAGE PSFPRICE ▲ 12% VS2020

MEDIANPRICE

TOTALLISTINGS

SALES

▲ 17% VS2020

▲ 9% VS2020

▲ 46% VS2020

▲ 256% VS2020

Therewere67townhomelistingsinBurnabySouthin May,9%belowApriland46%higherthanMay2020. Maytownhomesalesdecreasedby18% month-over-month,to32,andwere256%aboveMay 2020. Thesales-to-listingratiofortownhomesinBurnaby South,at48%,reflectedaseler'smarket. ThetownhomemedianpriceinMaywas$879,000,a3% increasefromApriland9%aboveMay2020. Theaveragesoldpricewas$910,903,2%abovelast month;theaveragePSFsalepricewas$692,up0.9%to lastmonth.

THISMONTH No.

PREVIOUSYEAR

PREVIOUSMONTH

No.

%Change

No.

%Change

TOTALLISTINGS TOTALSALES

32 67

$617 $779,544 $808,000 20% 9 46

144% 256% 46%

39 74

0.9% 2% 3% -9% -18% -9%

SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF

$692 $910,903 $879,000 48%

$686 $890,003 $853,000 53%

12% 17% 9%

▶ AVGPRICEPERSQUAREFOOT

▶ RECENTTRENDS

● MAY 2020 ● MAY 2021

● SALES ● TOTALINVENTORY ● MEDIANPRICE

76

74

67

66

63 63

67

69

67

54

60

56

46

49

39

27

32

26

19

19 20

18

18

9

9 9

$879K

$875K

$853K

$837K

$808K

$800K

$800K

$790K

$787K

$778K

$768K

$730K

$735K

BURNABYSOUTH REBGV

▶ NUMBEROFBEDROOMS

▶ TOTALLISTINGS&SALESBYPRICERANGE

SELER'SMARKET 21%+

BALANCED 12-20%

BUYER'SMARKET <12%

● SALES ● TOTALINVENTORY

● SALES ● TOTALINVENTORY ● S-LRATIO

4

100%+

4+bdrms

15

8

69%

15

3bdrms

10

19

33%

13

5

2bdrms

20%

18%

37

0

<$400K $400-599K $600-799K $800-999K $1.0M-1.24M $1.25M-1.49M $1.5M-1.99M $2M+

<2bdrms

S-LRATIO SALES INVENTORY

10 2 20%

18 6 33%

12 13 108%

13 9 69%

11 2 18%

2 0 n/a

1 0 n/a

3

Copyright©June7,2021reniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofJune7,2021.AldatafromRealEstateBoardofGreaterVancouverand FraserValey&Rennie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipientoftheinformationshouldtakestepsas therecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfromarennieandasociatesadvisor.Alinformationis subjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromreniegroupofcompanies.E.&O.E. 18 ●

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