the rennie review - September 2022

burnabysouth DETACHED -AUGUST 202

SALES TO LISTINGSRATIO 19% BALANCEDMARKET

▶ MARKETSUMMARY

AVERAGEPRICE

MEDIAN PRICE

TOTALLISTINGS

SALES

▲ 10% VS 2021

▲ 11% VS 2021

▼ 32% VS 2021

▼ 47% VS 2021

Therewere104 detachedlistingsin BurnabySouth in August,-7% below Julyand 32% lowerthan August2021. Augustdetached hom esalesincreased by5% m onth-over-m onth,to20,and were47% below August 2021. Thesales-to-listing ratio fordetached in Burnaby South, at19% ,reflected abalanced m arket.

THISMONTH No. $2,311,640 $2,127,000 19% 20 104

PREVIOUSYEAR

PREVIOUSMONTH

No.

% Change

No.

% Change

TOTALLISTINGS TOTALSALES

$2,100,609 $1,910,000 25% 38 153

10% 11% -23% -47% -32%

$1,984,621 $1,900,000 17% 19 112

16% 12% 13% 5% -7%

Thedetachedm edian pricein Augustwas$2,127,000,a 12% increasefrom Julyand 11% aboveAugust2021.

SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE

Theaveragesold pricewas$2,311,640,16% abovelast m onth and up 10% toAugust2021.

▶ RATIO OFMEDIAN PRICES

▶ RECENTTRENDS

● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO

● SALES ● TOTALINVENTORY ● MEDIAN PRICE

153

148

128

125 122

2.30

12

2.20

2.15

100

104

12

1

76

80

55

66

44

41

38

1.31

1.28

38

1.24

25

38

32

31

20

28

24

19

$2.46M

$2.21M $2.21M $2.17M

$2.13M

$2.04M $1.93M

$1.91M

$1.89M $1.90M

$1.83M $2.00M

$1.73M

Aug.-21

Jul.-22

Aug.-22

▶ TOTALLISTINGS&SALESBYPRICERANGE

SEL ERS'MARKET 21% +

BALANCED 12 - 20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY ● S-L RATIO

30

20

10

22%

22%

20%

16%

15%

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-L RATIO SALES INVENTORY

5 1 20%

36 8 22%

19 3 16%

18 4 22%

26 4 15%

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