the rennie review - September 2022

burnabysouth TOWNHOME-AUGUST 202

SALES TO LISTINGSRATIO 38% SELLERS'M ARKET

▶ MARKETSUMMARY Therewere39townhom elistingsin BurnabySouth in August,15% below Julyand 36% lowerthan August 2021. Augusttownhom esalesincreased by36% m onth-over-m onth,to15,and were42% below August 2021. Thesales-to-listing ratio fortow nhom esin Burnaby South,at38% ,reflected aselers'm arket. Thetownhom em edian pricein Augustwas$925,000,a 5% increasefrom Julyand 7% aboveAugust2021. Theaveragesold pricewas$920,933,0.7% below last m onth;theaveragePSF salepricewas$768,down 1.4% tolastm onth.

AVERAGEPRICE

AVERAGE PSF PRICE ▲ 18% VS 2021

MEDIAN PRICE

TOTALLISTINGS

SALES

▲ 8% VS 2021

▲ 7% VS 2021

▼ 36% VS 2021

▼ 42% VS 2021

THISMONTH No.

PREVIOUSYEAR

PREVIOUSMONTH

No.

% Change

No.

% Change

TOTALLISTINGS TOTALSALES

15 39

26 61

18% 8% 7% -10% -42% -36%

11 46

-1.4% -0.7% 5% 61% 36% -15%

SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF

$768 $920,933 $925,000 38%

$648 $851,642 $867,500 43%

$778 $927,873 $883,000 24%

▶ AVG PRICEPERSQUAREFOOT

▶ RECENTTRENDS

● AUG 2021 ● AUG 202

● SALES ● TOTALINVENTORY ● MEDIAN PRICE

61

53

46

42

44 45

43

39

33

33

29

28

35

27

26

21

28

20

15

20

15

17

13 13

13

1

$1.11M $1.12M

$1.03M $997K $1.00M

$868K $836K

$870K $930K

$850K $883K $925K

$819K

BURNABYSOUTH REBGV

▶ NUMBEROFBEDROOMS

▶ TOTALLISTINGS&SALESBYPRICERANGE

SEL ERS'MARKET 21% +

BALANCED 12 - 20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY

● SALES ● TOTALINVENTORY ● S-L RATIO

12

10

4+ bdrms

5

8

71%

67%

8

3 bdrms

6

19

50% 50%

4

6

2 bdrms

2

14

9%

0

1 1

<$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

3 2 67%

6 3 50%

8 4 50%

7 5 71%

11 1 9%

4 0 n/a

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