burnaby south CONDO - SEPTEMBER 2 0 2 3
SALES TO LISTINGS RATIO 26% SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▲ 8% VS 2022
MEDIAN PRICE
TOTAL LISTINGS
SALES
▲ 13% VS 2022
▲ 9% VS 2022
▲ 23% VS 2022
▲ 11% VS 2022
There were 305 condo listings in Burnaby South in September, 26% above August and 23% higher than September 2022. September condo sales decreased by 12% month-over-month, to 79, and were 11% above September 2022. The sales-to-listing ratio for condos in Burnaby South, at 26%, reflected a sellers' market. The condo median price in September was $745,000, a 6% decrease from August and 9% above September 2022. The average sold price was $796,758, 4% below last month; the average PSF sale price was $968, down 0.3% to last month.
THIS MONTH No.
PREVIOUS MONTH
PREVIOUS YEAR
No.
% Change
No.
% Change
TOTAL LISTINGS TOTAL SALES SALES-LISTINGS RATIO MEDIAN SOLD PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
$968 $796,758 $745,000 26% 79 305
$900 $702,517 $682,000 29% 71 248
8% 13% 9% -10% 11% 23%
$971 $833,247 $793,500 37% 90 242
-0.3% -4% -6% -30% -12% 26%
▶ AVG PRICE PER SQUARE FOOT
▶ RECENT TRENDS
● SEP 2022 ● SEP 2023
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
305
264
259
257
254
249
248
245
242
242
226
203
161
196
149
90
84
78
116
76
66
79
96
93
71
33
$840K
$784K
$794K
$780K
$750K
$743K
$745K
$728K
$712K
$710K
$682K
$684K
$664K
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
100
4+ bdrms
80
60
5
3 bdrms
52%
37
40
34%
53
2 bdrms
20% 18% 17%
20
185
0
21
<$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 14 52%
93 32 34%
96 19 20%
56 10 18%
23 4 17%
6 0 n/a
4 0 n/a
83
Copyright © October 10, 2023 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 October 10, 2023. All data from Real Estate Board of Greater Vancouver and Fraser Valley & 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. 19 ●
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