the rennie review - August 2023

burnabysouth DETACHED -JULY 2023

SALES TO LISTINGSRATIO 23% SELLERS'M ARKET

▶ MARKETSUMMARY

AVERAGEPRICE

MEDIAN PRICE

TOTALLISTINGS

SALES

▲ 3% VS 2022

▲ 7% VS 2022

▼ 7% VS 2022

▲ 26% VS 2022

Therewere104 detachedlistingsin BurnabySouth in July,7% aboveJuneand 7% lowerthan July2022. July detached hom esalesrem ained thesam e m onth-over-m onth,at24,and were26% aboveJuly 2022. Thesales-to-listing ratio fordetached in Burnaby South, at23% ,reflected aselers'm arket.

THISMONTH No. $2,041,492 $2,040,000 23% 24 104

PREVIOUSMONTH

PREVIOUSYEAR

No.

% Change

No.

% Change

TOTALLISTINGS TOTALSALES

$1,984,621 $1,900,000 17% 19 112

36% 26% -7%

24 97

0% 7%

Thedetachedm edian pricein Julywas$2,040,000,a 2.0% increasefrom Juneand 7% aboveJuly2022.

SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE

$2,055,146 $2,000,500 25%

-0.7% 2% -7%

Theaveragesold pricewas$2,041,492,0.7% below last m onth and up 3% toJuly2022.

3% 7%

▶ RATIO OFMEDIAN PRICES

▶ RECENTTRENDS

● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO

● SALES ● TOTALINVENTORY ● MEDIAN PRICE

106

12

97

104

109

104

2.53

80

79

90

74

2.15

73

70

66

39

35

1.631.60

21

20

24

16

19

24

1.24

16

14

12

12 12

1.01

$2.23M

$2.19M

$2.13M

$2.00M $2.00M $2.04M

$1.90M

$1.91M

$1.76M

$1.71M $1.74M $1.85M $1.85M

22-Jul

23-Jun 23-Jul

▶ TOTALLISTINGS&SALESBYPRICERANGE

SEL ERS'MARKET 21% +

BALANCED 12 - 20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY ● S-L RATIO

30

25

20

67%

15

45%

36%

10

16%

5

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

3 2 67%

25 9 36%

20 9 45%

25 4 16%

31 0 n/a

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