burnabysouth TOWNHOME-OCTOBER 2 0 2 3
SALES TO LISTINGSRATIO 30% SELLERS'M ARKET
▶ MARKETSUMMARY Therewere43townhom elistingsin BurnabySouth in O ctober,7% below Septem berand 23% lowerthan October2022. O ctobertownhom esalesdecreased by13% m onth-over-m onth,to 13,and were46% below O ctober 2022. Thesales-to-listing ratio fortow nhom esin Burnaby South,at30% ,reflected aselers'm arket. Thetownhom em edian pricein Octoberwas$1,060,000, a14% increasefrom Septem berand 17% aboveO ctober 2022. Theaveragesold pricewas$1,052,638,0.5% below last m onth;theaveragePSF salepricewas$743,down 9% to lastm onth.
AVERAGEPRICE
AVERAGE PSF PRICE ▼ 0.8% VS 2022
MEDIAN PRICE
TOTALLISTINGS
SALES
▲ 3% VS 2022
▲ 17% VS 2022
▼ 23% VS 2022
▼ 46% VS 2022
THISMONTH No.
PREVIOUSMONTH
PREVIOUSYEAR
No.
% Change
No.
% Change
TOTALLISTINGS TOTALSALES
13 43
24 56
-0.8% 3% 17% -29% -46% -23%
15 46
-9% -0.5% 14% -7% -13% -7%
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF
$743 $1,052,638 $1,060,000 30%
$749 $1,017,079 $904,944 43%
$813 $1,058,345 $928,888 33%
▶ AVG PRICEPERSQUAREFOOT
▶ RECENTTRENDS
● OCT 2022 ● OCT 2023
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
56
56
50
50
49
40
43
46
45
36
35
34
27
26
24
29
17
14
19
1
13
16
16
15
14
5
$1.25M $1.19M
$1.10M
$1.07M
$1.06M
$980K $955K
$990K
$929K
$905K $987K $907K
$791K
BURNABYSOUTH REBGV
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21% +
BALANCED 12 - 20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-L RATIO
14
3
4+ bdrms
12
10
75%
10
4
3 bdrms
8
19
50%
6
5
25%
4
21%
2 bdrms
13
10%
2
0
1 1
<2 bdrms
<$400K $400-599K $600-799K $800-999K $1.0M -1.24M $1.25M -1.49M $1.5M -1.99M $2M +
S-L RATIO SALES INVENTORY
0 1 n/a
4 3 75%
8 2 25%
6 3 50%
14 3 21%
10 1 10%
1 0 n/a
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