burnaby south TOWNHOME - JUNE 2 0 2 4
SALES TO LISTINGS RATIO 21% BALANCED MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▼ 2% VS 2023
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 16% VS 2023
▲ 51% VS 2023
▲ 26% VS 2023
▼ 50% VS 2023
There were 63 townhome listings in Burnaby South in June, 29% above May and 26% higher than June 2023. June townhome sales decreased by 32% month-over-month, to 13, and were 50% below June 2023. The sales-to-listing ratio for townhomes in Burnaby South, at 21%, reflected a balanced market. The townhome median price in June was $1,190,000, a 8% increase from May and 51% above June 2023. The average sold price was $1,164,453, 3% above last month; the average PSF sale price was $782, down 0.7% to last month.
THIS MONTH No.
PREVIOUS MONTH
PREVIOUS YEAR
No.
% Change
No.
% Change
TOTAL INVENTORY TOTAL SALES SALES-LISTINGS RATIO MEDIAN SOLD PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
13 63
26 50
-2% 16% 51% -60% -50% 26%
19 49
-0.7% 3% 8% -47% -32% 29%
$782 $1,164,453 $1,190,000 21%
$802 $1,004,000 $790,500 52%
$788 $1,129,799 $1,100,000 39%
▶ AVG PRICE PER SQUARE FOOT
▶ RECENT TRENDS
● JUN 2023 ● JUN 2024
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
63
50
47
50
43
49
49
46
38
39
36
26
33
30
19
19
16
15
15
13
16
13
11
10
10
9
$1.25M $1.19M
$1.20M
$1.19M
$1.08M $1.10M
$1.06M
$1.05M $1.10M
$960K
$960K
$929K
$791K
BURNABY SOUTH
REBGV
▶ NUMBER OF BEDROOMS
▶ TOTAL LISTINGS & SALES BY PRICE RANGE
SELLERS' MARKET 21% +
BALANCED 12 - 20%
BUYERS' MARKET <12%
● SALES ● TOTAL INVENTORY
● SALES ● TOTAL INVENTORY ● S-L RATIO
20
3
4+ bdrms
4
15
5
3 bdrms
50%
29
10
5
20%
20%
2 bdrms
5
14%
28
11%
0
<2 bdrms
<$600K $600K-799K $800K-999K $1.0M-1.24M $1.25M-1.49M $1.5M-1.99M $2.0M-2.49M $2.5M+
2
S-L RATIO SALES INVENTORY
2 0 n/a
9 1 11%
21 3 14%
15 3 20%
10 5 50%
5 1 20%
1 0 n/a
Copyright © 2024 rennie group of companies. All rights reserved. This material may not be reproduced or distributed, in whole or in part, without the prior written permission of the rennie group of companies. Current as of July 8, 2024. All data from Greater Vancouver REALTORS®, Fraser Valley Real Estate Board, Whistler Listing System, and rennie. While the information and data contained herein has been obtained from sources deemed reliable, accuracy cannot be guaranteed. rennie group of companies does not assume responsibility or liability for any inaccuracies. The recipient of the information should take steps as the recipient may deem necessary to verify the information prior to placing any reliance upon the information. The information contained within this report should not be used as an opinion of value, such opinions should and can be obtained from a rennie and associates advisor. All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies. E.&O.E. 18 ●
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