burnabysouth CONDO -FEBRUARY 2023
SALES TO LISTINGSRATIO 37% SELLERS'M ARKET
▶ MARKETSUMMARY Therewere226 condolistingsin BurnabySouth in February,11% aboveJanuaryand 26% higherthan February2022. Februarycondosalesincreased by155% m onth-over-m onth,to84,and were38% below February 2022. Thesales-to-listing ratio forcondosin BurnabySouth,at 37% ,reflected aselers'm arket. Thecondom edian pricein Februarywas$727,950,a3% increasefrom Januaryand 0.4% aboveFebruary2022. Theaveragesold pricewas$771,489,2.0% abovelast m onth;theaveragePSF salepricewas$930,up 4% to lastm onth.
AVERAGEPRICE
AVERAGE PSF PRICE ▼ 0.8% VS 2022
MEDIAN PRICE
TOTALLISTINGS
SALES
▲ 0.8% VS 2022
▲ 0.4% VS 2022
▲ 26% VS 2022
▼ 38% VS 2022
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No. 76% 136 180
% Change
No.
% Change
TOTALLISTINGS TOTALSALES
$930 $771,489 $727,950 37% 84 226
-0.8% 0.8% 0.4% -51% -38% 26%
$898 $756,586 $710,000 16% 33 203
129% 155% 11%
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF
4% 2% 3%
$938 $765,327 $725,000
▶ AVG PRICEPERSQUAREFOOT
▶ RECENTTRENDS
● FEB 202 ● FEB 2023
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
280
264
299
298
259
283
257 248
226
219
203
196
180
143
136
1
101
84
84
17
78
76
66
88
71
33
$725K $760K $750K
$695K $715K $710K $720K $682K $712K
$684K $710K $728K
$664K
BURNABYSOUTH REBGV
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21% +
BALANCED 12 - 20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-L RATIO
70
4+ bdrms
60
1
50
7
59%
40
3 bdrms
55%
34
30
34%
55
20
22%
2 bdrms
134
14% 12%
10
0
22
<$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
27 16 59%
71 39 55%
59 20 34%
37 5 14%
17 2 12%
9 2 22%
6 0 n/a
57
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