the rennie review - August 2022

burnabysouth TOWNHOME-JULY 202

SALES TO LISTINGSRATIO 24% SELLERS'M ARKET

▶ MARKETSUMMARY

AVERAGEPRICE

AVERAGE PSF PRICE ▲ 18% VS 2021

MEDIAN PRICE

TOTALLISTINGS

SALES

▲ 3% VS 2021

▼ 3% VS 2021

▼ 34% VS 2021

▼ 56% VS 2021

Therewere45townhom elistingsin BurnabySouth in July,nochangetoJuneand 34% lowerthan July2021. Julytownhom esalesdecreased by15% m onth-over-m onth,to11,and were56% below July 2021. Thesales-to-listing ratio fortow nhom esin Burnaby South,at24% ,reflected aselers'm arket. Thetownhom em edian pricein Julywas$883,000,a4% increasefrom Juneand 3% below July2021. Theaveragesold pricewas$927,873,4% below last m onth;theaveragePSF salepricewas$778,down 3% to lastm onth.

THISMONTH No.

PREVIOUSYEAR

PREVIOUSMONTH

No.

% Change

No.

% Change

TOTALLISTINGS TOTALSALES

11 45

25 68

18% 3% -3% -34% -56% -34%

13 45

-15% -15% 0%

SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF

$778 $927,873 $883,000 24%

$657 $898,074 $915,000 37%

$802 $961,650 $850,000 29%

-3% -4% 4%

▶ AVG PRICEPERSQUAREFOOT

▶ RECENTTRENDS

● JUL 2021 ● JUL 202

● SALES ● TOTALINVENTORY ● MEDIAN PRICE

68

61

53

45

42

45

35

43 44

33

33

29

28

27

21

25

20

28

26

15

20

17

1

13 13

13

$1.11M $1.12M

$1.03M $997K $1.00M

$915K $868K $836K

$870K $930K

$850K $883K

$819K

BURNABYSOUTH REBGV

▶ NUMBEROFBEDROOMS

▶ TOTALLISTINGS&SALESBYPRICERANGE

SEL ERS'MARKET 21% +

BALANCED 12 - 20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY

● SALES ● TOTALINVENTORY ● S-L RATIO

12

2

10

4+ bdrms

4

8

2

57%

3 bdrms

6

26

50%

4

30%

6

22%

2 bdrms

2

14

9%

0

1 1

<$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

2 1 50%

9 2 22%

7 4 57%

10 3 30%

11 1 9%

6 0 n/a

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