burnabysouth DETACHED -FEBRUARY 2023
SALES TO LISTINGSRATIO 20% BALANCEDMARKET
▶ MARKETSUMMARY Therewere79 detachedlistingsin BurnabySouth in February,8% aboveJanuaryand 1.3% lowerthan February2022. February detached hom esalesincreased by 33% m onth-over-m onth,to16,and were61% below February 2022. Thesales-to-listing ratio fordetached in Burnaby South, at20% ,reflected abalanced m arket. Thedetachedm edian pricein Februarywas$1,742,500, a2% increasefrom Januaryand 29% below February 2022. Theaveragesold pricewas$1,765,793,3% below last m onth and down 32% toFebruary2022.
AVERAGEPRICE
MEDIAN PRICE
TOTALLISTINGS
SALES
▼ 32% VS 2022
▼ 29% VS 2022
▼ 1.3% VS 2022
▼ 61% VS 2022
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No.
% Change
No.
% Change
TOTALLISTINGS TOTALSALES
16 79
41 80
-32% -29% -60% -61% -1.3%
12 73
-3% 2% 23% 33% 8%
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE
$1,765,793 $1,742,500 20%
$1,826,631 $1,705,000 16%
$2,590,149 $2,460,000 51%
▶ RATIO OFMEDIAN PRICES
▶ RECENTTRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
12
125
109 106
122
12
1
2.47
90
104
79
80
74
73
1.78
1.60
38
41
1.50
1.38
24
1.35
21
20
32
28
16
19
14
12
12 12
$2.46M
$2.21M $2.21M $2.17M
$2.23M
$2.19M
$2.13M
$1.91M
$1.87M $1.90M
$1.76M
$1.71M $1.74M
Feb-22
Jan-23
Feb-23
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21% +
BALANCED 12 - 20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY ● S-L RATIO
25
100%
20
15
48%
10
5
6%
6%
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
0 1 n/a
2 2 100%
23 11 48%
17 1 6%
18 1 6%
19 0 n/a
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