the rennie review - August 2022

burnabysouth CONDO -JULY 202

SALES TO LISTINGSRATIO 29% SELLERS'M ARKET

▶ MARKETSUMMARY

AVERAGEPRICE

AVERAGE PSF PRICE ▲ 11% VS 2021

MEDIAN PRICE

TOTALLISTINGS

SALES

▲ 11% VS 2021

▲ 8% VS 2021

▼ 7% VS 2021

▼ 28% VS 2021

Therewere299 condolistingsin BurnabySouth in July, nochangetoJuneand 7% lowerthan July2021.

Julycondosalesdecreased by13% m onth-over-m onth,to 88,and were28% below July2021.

THISMONTH No.

PREVIOUSYEAR

PREVIOUSMONTH

No. 38% 123 320

% Change

No. 34% 101 299

% Change

Thesales-to-listing ratio forcondosin BurnabySouth,at 29% ,reflected aselers'm arket.

TOTALLISTINGS TOTALSALES

$893 $739,071 $710,000 29% 88 299

11% 11% 8% -23% -28% -7%

0.5% 3% -0.7% -13% -13% 0%

Thecondom edian pricein Julywas$710,000,a0.7% decreasefrom Juneand 8% aboveJuly2021. Theaveragesold pricewas$739,071,3% abovelast m onth;theaveragePSF salepricewas$893,up 0.5% to lastm onth.

SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF

$889 $718,284 $715,000

$806 $664,424 $658,000

▶ AVG PRICEPERSQUAREFOOT

▶ RECENTTRENDS

● JUL 2021 ● JUL 202

● SALES ● TOTALINVENTORY ● MEDIAN PRICE

320

299

322

320

280

299

283

217

248

219

159

147

143

180

164

123

1

123

101

136

133

126

17

15

107

88

$725K $740K $725K $760K $750K

$695K $715K $710K

$658K $662K $657K $660K $670K

BURNABYSOUTH REBGV

▶ NUMBEROFBEDROOMS

▶ TOTALLISTINGS&SALESBYPRICERANGE

SEL ERS'MARKET 21% +

BALANCED 12 - 20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY

● SALES ● TOTALINVENTORY ● S-L RATIO

120

100

4+ bdrms

1

80

8

62%

3 bdrms

60

34

40

34%

49

23%

2 bdrms

17%

14%

203

20

0

31

<$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

3 0 n/a

37 23 62%

113 38 34%

82 19 23%

42 7 17%

11 0 n/a

7 1 14%

4 0 n/a

61

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