the rennie review - August 2023

burnabysouth CONDO -JULY 2023

SALES TO LISTINGSRATIO 36% SELLERS'M ARKET

▶ MARKETSUMMARY

AVERAGEPRICE

AVERAGE PSF PRICE ▲ 10% VS 2022

MEDIAN PRICE

TOTALLISTINGS

SALES

▲ 12% VS 2022

▲ 10% VS 2022

▼ 14% VS 2022

▲ 6% VS 2022

Therewere257 condolistingsin BurnabySouth in July, 1.2% aboveJuneand 14% lowerthan July2022.

Julycondosalesdecreased by20% m onth-over-m onth,to 93,and were6% aboveJuly2022.

THISMONTH No.

PREVIOUSMONTH

PREVIOUSYEAR

No.

% Change

No. 46% 116 254

% Change

Thesales-to-listing ratio forcondosin BurnabySouth,at 36% ,reflected aselers'm arket.

TOTALLISTINGS TOTALSALES

$977 $825,959 $780,000 36% 93 257

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

10% 12% 10% 23% 6% -14%

-3% 2% -0.5% -21% -20% 1.2%

Thecondom edian pricein Julywas$780,000,a0.5% decreasefrom Juneand 10% aboveJuly2022. Theaveragesold pricewas$825,959,2% abovelast m onth;theaveragePSF salepricewas$977,down 3% to lastm onth.

SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF

$1,009 $808,357 $783,900

▶ AVG PRICEPERSQUAREFOOT

▶ RECENTTRENDS

● JUL 202 ● JUL 2023

● SALES ● TOTALINVENTORY ● MEDIAN PRICE

298

264

259

254

249

257

257

248

245

242

226

203

161

196

149

84

84

16

78

76

93

88

66

96

71

33

$840K

$743K $784K $780K

$710K $720K $682K $712K $664K $684K

$710K $728K $750K

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

93%

80

60

14

3 bdrms

51%

36

40

31%

55

24%

21%

2 bdrms

20

169

13%

0

24

<$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

14 13 93%

74 38 51%

94 23 24%

45 14 31%

19 4 21%

8 1 13%

3 0 n/a

52

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