burnabysouth DETACHED -JANUARY 2023
SALES TO LISTINGSRATIO 18% BALANCEDMARKET
▶ MARKETSUMMARY Therewere73 detachedlistingsin BurnabySouth in January,1.4% below D ecem berand 4% lowerthan January2022. January detached hom esalesincreased by m onth-over-m onth,to 13,and were46% below January 2022. Thesales-to-listing ratio fordetached in Burnaby South, at18% ,reflected abalanced m arket. Thedetachedm edian pricein Januarywas$1,670,000,a 25% decreasefrom D ecem berand 13% below January 2022. Theaveragesold pricewas$1,814,582,26% below last m onth and down 13% toJanuary2022.
AVERAGEPRICE
MEDIAN PRICE
TOTALLISTINGS
SALES
▼ 13% VS 2022
▼ 13% VS 2022
▼ 4% VS 2022
▼ 46% VS 2022
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No.
% Change
No.
% Change
TOTALLISTINGS TOTALSALES
13 73
24 76
-13% -13% -44% -46% -4%
12 74
-26% -25% 10% 8% -1.4%
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE
$1,814,582 $1,670,000 18%
$2,452,167 $2,234,000 16%
$2,092,671 $1,927,550 32%
▶ RATIO OFMEDIAN PRICES
▶ RECENTTRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
12
125
109 106
122
12
1
2.46
90
104
76
73
80
74
1.87
41
38
1.571.50
1.39
24
1.33
21
20
32
28
24
13
19
14
12
12
$2.46M
$2.21M $2.21M $2.17M
$2.23M
$2.19M
$2.13M
$1.93M
$1.91M
$1.87M $1.90M
$1.76M
$1.67M
Jan-22
Dec-22
Jan-23
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21% +
BALANCED 12 - 20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY ● S-L RATIO
25
100%
20
15
10
27%
23%
5
8%
0
<$600K
$600-799K
$800-999K
$1.0M -1.24M $1.25M -1.49M $1.5M -1.99M
$2.0M -2.49M
$2.5M -2.99M
$3M+
S-L RATIO SALES INVENTORY
3 3 100%
26 6 23%
11 3 27%
20 0 n/a
13 1 8%
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