the rennie review - September 2022

burnabysouth CONDO -AUGUST 202

SALES TO LISTINGSRATIO 33% SELLERS'M ARKET

▶ MARKETSUMMARY Therewere257 condolistingsin BurnabySouth in August,14% below Julyand 20% lowerthan August 2021. Augustcondosalesdecreased by5% m onth-over-m onth, to84,and were32% below August2021.

AVERAGEPRICE

AVERAGE PSF PRICE ▲ 5% VS 2021

MEDIAN PRICE

TOTALLISTINGS

SALES

▲ 5% VS 2021

▲ 9% VS 2021

▼ 20% VS 2021

▼ 32% VS 2021

THISMONTH No.

PREVIOUSYEAR

PREVIOUSMONTH

No. 38% 123 320

% Change

No.

% Change

Thesales-to-listing ratio forcondosin BurnabySouth,at 33% ,reflected aselers'm arket.

TOTALLISTINGS TOTALSALES

$902 $750,799 $720,000 33% 84 257

-15% -32% -20%

$893 $739,071 $710,000 30% 88 298

1% 1.6% 1.4% 11% -5% -14%

Thecondom edian pricein Augustwas$720,000,a1.4% increasefrom Julyand 9% aboveAugust2021. Theaveragesold pricewas$750,799,1.6% abovelast m onth;theaveragePSF salepricewas$902,up 1.0% to lastm onth.

SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF

$859 $717,059 $661,500

5% 5% 9%

▶ AVG PRICEPERSQUAREFOOT

▶ RECENTTRENDS

● AUG 2021 ● AUG 202

● SALES ● TOTALINVENTORY ● MEDIAN PRICE

320

299

298

322

280

283

257

217

248

219

159

147

143

180

164

1

123

101

136

133

126

17

15

107

84

88

$725K $740K $725K $760K $750K

$695K $715K $710K $720K

$662K $657K $660K $670K

BURNABYSOUTH REBGV

▶ NUMBEROFBEDROOMS

▶ TOTALLISTINGS&SALESBYPRICERANGE

SEL ERS'MARKET 21% +

BALANCED 12 - 20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY

● SALES ● TOTALINVENTORY ● S-L RATIO

100

4+ bdrms

1

80

60

6

3 bdrms

56%

32

40

40%

30%

57

2 bdrms

18%

20

14%

170

0

21

<$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

0 1 n/a

36 20 56%

96 29 30%

68 27 40%

35 5 14%

11 2 18%

8 0 n/a

3 0 n/a

54

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