burnabysouth CONDO -JANUARY 2023
SALES TO LISTINGSRATIO 16% BALANCEDMARKET
▶ MARKETSUMMARY Therewere203 condolistingsin BurnabySouth in January,4% aboveD ecem berand 24% higherthan January2022. January condo salesdecreased by 51% m onth-over-m onth,to 33,and were69% below January 2022. Thesales-to-listing ratio forcondosin BurnabySouth,at 16% ,reflected abalanced m arket. Thecondom edian pricein Januarywas$710,000,a4% changefrom D ecem berand 4% below January2022. Theaveragesold pricewas$756,586,6% abovelast m onth;theaveragePSF salepricewas$898,up 1.8% to lastm onth.
AVERAGEPRICE
AVERAGE PSF PRICE ▲ 1.0% VS 2022
MEDIAN PRICE
TOTALLISTINGS
SALES
▼ 1.0% VS 2022
▼ 4% VS 2022
▲ 24% VS 2022
▼ 69% VS 2022
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No. 65% 107 164
% Change
No.
% Change
TOTALLISTINGS TOTALSALES
$898 $756,586 $710,000 16% 33 203
-75% -69% 24%
$882 $716,910 $683,000 34% 67 196
1.8% 6% 4% -52% -51% 4%
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF
$889 $764,175 $740,000
1% -1% -4%
▶ AVG PRICEPERSQUAREFOOT
▶ RECENTTRENDS
● JAN 202 ● JAN 2023
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
280
264
299 298
259
283
257
248
203
219
196
164
180 143
1
101
136
107
84
17
78 76
67
88
71
33
$740K $725K $760K $750K
$695K $715K $710K $720K $682K $712K
$664K $683K $710K
BURNABYSOUTH REBGV
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21% +
BALANCED 12 - 20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-L RATIO
80
70
4+ bdrms
60
50
3
3 bdrms
40
28
30
22
20
23% 23%
2 bdrms
14%
124
13%
10%
10
0
8
<$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
26 6 23%
74 17 23%
56 7 13%
21 2 10%
14 0 n/a
7 1 14%
5 0 n/a
51
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