burnabysouth CONDO -OCTOBER 2 0 2 3
SALES TO LISTINGSRATIO 25% SELLERS'M ARKET
▶ MARKETSUMMARY Therewere306 condolistingsin BurnabySouth in O ctober,0.3% aboveSeptem berand 16% higherthan October2022. O ctobercondosalesdecreased by4% m onth-over-m onth, to76,and were3% below October2022.
AVERAGEPRICE
AVERAGE PSF PRICE ▲ 16% VS 2022
MEDIAN PRICE
TOTALLISTINGS
SALES
▲ 6% VS 2022
▲ 2% VS 2022
▲ 16% VS 2022
▼ 3% VS 2022
THISMONTH No.
PREVIOUSMONTH
PREVIOUSYEAR
No.
% Change
No.
% Change
Thesales-to-listing ratio forcondosin BurnabySouth,at 25% ,reflected aselers'm arket.
TOTALLISTINGS TOTALSALES
$982 $771,306 $726,900 25% 76 306
$843 $724,320 $712,000 30% 78 264
16% 6% 2% -16% -3% 16%
$968 $796,695 $745,000 26% 79 305
1.4% -3% -2% -4% -4% 0.3%
Thecondom edian pricein Octoberwas$726,900,a2% decreasefrom Septem berand 2% aboveO ctober2022. Theaveragesold pricewas$771,306,3% below last m onth;theaveragePSF salepricewas$982,up 1.4% to lastm onth.
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF
▶ AVG PRICEPERSQUAREFOOT
▶ RECENTTRENDS
● OCT 2022 ● OCT 2023
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
306
305
259
257
254
249
264
245
242
242
226
203
161
196
149
90
84
16
76
66
78
96
76
93
79
33
$840K
$743K $784K $780K $794K
$745K $727K
$712K $664K $684K
$710K $728K $750K
BURNABYSOUTH REBGV
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21% +
BALANCED 12 - 20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-L RATIO
100
4+ bdrms
80
4
60
3 bdrms
55%
39
40
28%
41
22%
2 bdrms
20
15% 13%
183
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
0 1 n/a
29 16 55%
99 28 28%
92 20 22%
53 8 15%
23 3 13%
7 0 n/a
3 0 n/a
84
Copyright© 2023ren iegroupofcom panies.Alrightsreserved.Thism aterialm aynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenperm is ionoftherenniegroupofcom panies.CurentasofNovem ber3,2023.Aldatafrom RealEstateBoardofGreaterVancouverand FraserValey& Rennie.W hiletheinform ationanddatacontainedhereinhasbe nobtainedfrom sourcesde m edreliable,ac uracycannotbeguarante d.renniegroupofcom paniesdoesnotas um eresponsibiltyorliabiltyforanyinac uracies.Therecipientoftheinform ationshouldtakestepsas therecipientm ayde m neces arytoverifytheinform ationpriortoplacinganyrelianceupontheinform ation.Theinform ationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfrom arennieandas ociatesadvisor.Alinform ationis subjecttochangeandanypropertym aybewithdrawnfrom them arketatanytim ewithoutnoticeorobligationtotherecipientfrom ren iegroupofcom panies.E.&O.E. 19 ●
Made with FlippingBook - professional solution for displaying marketing and sales documents online