burnabysouth CONDO-APRIL 2021
SALESTO LISTINGSRATIO 50% SELLER'SMARKET
▶ MARKETSUMMARY
AVERAGEPRICE
AVERAGE PSFPRICE ▲ 5% VS2020
MEDIANPRICE
TOTALLISTINGS
SALES
▲ 5% VS2020
▲ 6% VS2020
▲ 18% VS2020
▲ 376% VS2020
Therewere311condolistingsinBurnabySouthinApril, 3%aboveMarchand18%higherthanApril2020.
Aprilcondosalesdecreasedby16%month-over-month, to157,andwere376%aboveApril2020.
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No.
%Change
No. 62% 188 301
%Change
Thesales-to-listingratioforcondosinBurnabySouth,at 50%,reflectedaseler'smarket.
TOTALLISTINGS TOTALSALES
50% 157 311
$780 $643,554 $612,000 13% 33 263
302% 376% 18%
-1.3% -4% -3% -19% -16% 3%
ThecondomedianpriceinAprilwas$650,000,a3% decreasefromMarchand6%aboveApril2020. Theaveragesoldpricewas$672,969,4%belowlast month;theaveragePSFsalepricewas$819,down1.3% tolastmonth.
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF
$819 $672,969 $650,000
$829 $701,205 $671,500
5% 5% 6%
▶ AVGPRICEPERSQUAREFOOT
▶ RECENTTRENDS
● APR 2020 ● APR 2021
● SALES ● TOTALINVENTORY ● MEDIANPRICE
420
456
450
408
322
364
353
31
333
314
301
263
254
188
157
100
101
98
74
124
57
35
92
86
81
33
$672K
$650K
$612K
$599K
$600K
$595K
$590K
$595K
$587K
$583K
$588K
$576K
$570K
BURNABYSOUTH REBGV
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELER'SMARKET 21%+
BALANCED 12-20%
BUYER'SMARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-LRATIO
120
4+bdrms
100
80
6
63%
3bdrms
56%
60
32
44%
40
31%
100
25%
2bdrms
207
20
7%
0
51
<$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 2 25%
89 56 63%
115 64 56%
68 30 44%
13 4 31%
15 1 7%
3 0 n/a
72
Copyright©May1,2021renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofMay1,2021.AldatafromRealEstateBoardofGreaterVancouverand FraserValey&Rennie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipientoftheinformationshouldtakestepsas therecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfromarennieandasociatesadvisor.Alinformationis subjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromreniegroupofcompanies.E.&O.E. 19 ●
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