the rennie review - January 2022

burnabysouth TOWNHOME-DECEMBER 2021

SALESTO LISTINGSRATIO 87% SELLERS'MARKET

▶ MARKETSUMMARY Therewere15townhomelistingsinBurnabySouthin December,25%belowNovemberand75%lowerthan December2020. Decembertownhomesalesdecreasedby55% month-over-month,to13,andwere32%below December2020. Thesales-to-listingratiofortownhomesinBurnaby South,at87%,reflectedaselers'market. ThetownhomemedianpriceinDecemberwas$819,000, a12%decreasefromNovemberand7%aboveDecember 2020. Theaveragesoldpricewas$878,354,5%belowlast month;theaveragePSFsalepricewas$788,up15%to lastmonth.

AVERAGEPRICE

AVERAGE PSFPRICE ▲ 23% VS2020

MEDIANPRICE

TOTALLISTINGS

SALES

▲ 9% VS2020

▲ 7% VS2020

▼ 75% VS2020

▼ 32% VS2020

THISMONTH No.

PREVIOUSYEAR

PREVIOUSMONTH

No.

%Change

No.

%Change

TOTALLISTINGS TOTALSALES

13 15

19 60

174% -32% -75%

29 20

15% -5% -12% -40% -55% -25%

SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF

$788 $878,354 $819,000 87%

$639 $804,784 $768,000 32%

$688 $928,141 $930,000 145%

23% 9% 7%

▶ AVGPRICEPERSQUAREFOOT

▶ RECENTTRENDS

● DEC 2020 ● DEC 2021

● SALES ● TOTALINVENTORY ● MEDIANPRICE

74

75

63 63

61

68

67

60

54

53

56

35

32

39

29

28

32

28

25 26

19

20

15

19 20

13

$930K

$915K

$879K

$868K

$870K

$853K

$837K

$836K

$820K

$819K

$800K

$778K

$768K

BURNABYSOUTH REBGV

▶ NUMBEROFBEDROOMS

▶ TOTALLISTINGS&SALESBYPRICERANGE

SELERS'MARKET 21%+

BALANCED 12-20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY

● SALES ● TOTALINVENTORY ● S-LRATIO

5

2 2

100%+

4+bdrms

4

4 4

3

3bdrms

50%

50% 50%

2

6

2bdrms

1

8

0

1 1

<$400K $400-599K $600-799K $800-999K $1.0M-1.24M $1.25M-1.49M $1.5M-1.99M $2M+

<2bdrms

S-LRATIO SALES INVENTORY

2 1 50%

3 4 133%

0 5 n/a

4 2 50%

2 1 50%

3 0 n/a

1 0 n/a

Copyright©January10,202reniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofJanuary10,202.AldatafromRealEstateBoardofGreater VancouverandFraserValey&Renie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipientoftheinformationshould takestepsastherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfromarennieandasociatesadvisor.Al informationissubjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromreniegroupofcompanies.E.&O.E. 18 ●

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