the rennie review - May 2021

burnabysouth TOWNHOME-APRIL 2021

SALESTO LISTINGSRATIO 53% SELLER'SMARKET

▶ MARKETSUMMARY

AVERAGEPRICE

AVERAGE PSFPRICE ▲ 31% VS2020

MEDIANPRICE

TOTALLISTINGS

SALES

▲ 14% VS2020

▲ 12% VS2020

▲ 72% VS2020

▲ 225% VS2020

Therewere74townhomelistingsinBurnabySouthin April,17%aboveMarchand72%higherthanApril2020. Apriltownhomesalesdecreasedby28% month-over-month,to39,andwere225%aboveApril 2020. Thesales-to-listingratiofortownhomesinBurnaby South,at53%,reflectedaseler'smarket. ThetownhomemedianpriceinAprilwas$853,000,a 2.0%increasefromMarchand12%aboveApril2020. Theaveragesoldpricewas$890,003,1.9%abovelast month;theaveragePSFsalepricewas$686,up0.3%to lastmonth.

THISMONTH No.

PREVIOUSYEAR

PREVIOUSMONTH

No.

%Change

No.

%Change

TOTALLISTINGS TOTALSALES

39 74

12 43

31% 14% 12% 89% 225% 72%

54 63

0.3% 1.9% 2% -39% -28% 17%

SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF

$686 $890,003 $853,000 53%

$524 $779,500 $765,000 28%

$684 $873,371 $836,500 86%

▶ AVGPRICEPERSQUAREFOOT

▶ RECENTTRENDS

● APR 2020 ● APR 2021

● SALES ● TOTALINVENTORY ● MEDIANPRICE

76

74

67

66

63 63

69

67

54

60

56

46

49

43

39

27

26

19

18

19 20

18

12

9 9 9

$875K

$853K

$837K

$808K

$800K

$800K

$790K

$787K

$768K

$778K

$765K

$730K

$735K

BURNABYSOUTH REBGV

▶ NUMBEROFBEDROOMS

▶ TOTALLISTINGS&SALESBYPRICERANGE

SELER'SMARKET 21%+

BALANCED 12-20%

BUYER'SMARKET <12%

● SALES ● TOTALINVENTORY

● SALES ● TOTALINVENTORY ● S-LRATIO

25

2

100%

4+bdrms

20

9

15

19

61%

3bdrms

25

10

40%

38%

33%

16

2bdrms

5

37

0

2

<$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

8 3 38%

23 14 61%

20 8 40%

10 10 100%

12 4 33%

1 0 n/a

3

Copyright©May1,2021renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofMay1,2021.AldatafromRealEstateBoardofGreaterVancouverand FraserValey&Rennie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipientoftheinformationshouldtakestepsas therecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfromarennieandasociatesadvisor.Alinformationis subjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromreniegroupofcompanies.E.&O.E. 18 ●

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