burnabysouth DETACHED -OCTOBER 2 0 2 3
SALES TO LISTINGSRATIO 21% SELLERS'M ARKET
▶ MARKETSUMMARY Therewere118 detachedlistingsin BurnabySouth in O ctober,1.7% below Septem berand 11% higherthan October2022. O ctoberdetached hom esalesincreased by 14% m onth-over-m onth,to25,and were79% aboveO ctober 2022. Thesales-to-listing ratio fordetached in Burnaby South, at21% ,reflected aselers'm arket. Thedetachedm edian pricein Octoberwas$2,150,000,a 2% increasefrom Septem berand 1.8% below O ctober 2022. Theaveragesold pricewas$2,322,536,0.2% abovelast m onth and up 2% toOctober2022.
AVERAGEPRICE
MEDIAN PRICE
TOTALLISTINGS
SALES
▲ 2.0% VS 2022
▼ 1.8% VS 2022
▲ 11% VS 2022
▲ 79% VS 2022
THISMONTH No. $2,322,536 $2,150,000 21% 25 118
PREVIOUSMONTH
PREVIOUSYEAR
No.
% Change
No.
% Change
TOTALLISTINGS TOTALSALES
$2,277,901 $2,189,750 13% 14 106
60% 79% 11%
$2,318,349 $2,099,000 18% 22 120
0.2% 2% 16% 14% -1.7%
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE
2% -1.8%
▶ RATIO OFMEDIAN PRICES
▶ RECENTTRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
18
120
104
106
97
108
90
2.42
80
79
2.26
2.03
74
73
70
66
39
35
24
1.46
21
25
16
1.27
24
1.25
14
22
20
16
12 12
$2.23M
$2.19M
$2.04M $2.09M $2.10M $2.15M
$1.91M
$1.85M $1.85M $2.00M $2.00M $1.71M $1.74M
22-Oct
23-Sep 23-Oct
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21% +
BALANCED 12 - 20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY ● S-L RATIO
30
20
33%
30%
10
25%
14%
13%
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 1 33%
36 9 25%
27 8 30%
21 3 14%
31 4 13%
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