TOWNHOME AUGUST burnaby north
AVERAGE PRICE
AVERAGE PSF PRICE 5 % UP
BENCHMARK PRICE 1.5 % UP
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
10 % UP
17 % DOWN
23 % UP
SELLER’S 49 %
The number of townhome listings in Burnaby North decreased 15% from last month, settling at 55, and were 17% below August 2019. Townhome sales, at 27, were 108% higher than last month and 23% above August 2019. The sales-to-listings ratio jumped to 49% in August, as Burnaby North’s townhome segment transitioned to a seller’s market. The benchmark price in August was down 0.5% month-over-month, to $732,500, but was 1.5% above August 2019. The average sold price was $719,922 in August, (increasing 0.9% vs July) while the average PSF sales price was $549 (increasing 16%).
VS
VS
VS
VS
VS
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No.
% Change
No.
% Change
TOTAL LISTINGS
55 27
65 13
-15% 108% 145%
66 22
-17% 23% 47% 1.5% 10%
TOTAL SALES
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
49%
20%
33%
$732,500 $736,000 $719,922 $713,554
-0.5% $721,500 0.9% $652,364
$549
$474
16%
$525
5%
AVG PRICE PER SQUARE FOOT ›
HISTORICAL TREND
›
SALES
TOTAL INVENTORY
BENCHMARK PRICE
$721,500 $723,900 $725,000 $727,900 $727,900 $734,600 $732,500
75
66
58
59
55
48
42
27
22
20
17
13
12
4
BURNABY NORTH REBGV
TOTAL LISTINGS & SALES BY PRICE RANGE
NUMBER OF BEDROOMS
›
›
SALES
TOTAL INVENTORY
S L RATIO
SALES TOTAL INVENTORY
2 2
4+ bdrms
SELLER'S MARKET
13
3 bdrms
BALANCED
28
BUYER'S MARKET
12
<3 bdrms
. . . . 0 0 0 0 QD QD QD QD
25
S-L RATIO SALES INVENTORY
Copyright © 2020 rennie group of companies. All rights reserved. This material may not be reproduced or distributed, in whole or in part, without the prior written permission of the rennie group of companies. Current as of September 3, 2020. All data from Real Estate Board of Greater Vancouver and Fraser Valley & Rennie. While the information and data contained herein has been obtained from sources deemed reliable, accuracy cannot be guaranteed. rennie group of companies does not assume responsibility or liability for any inaccuracies. The recipient of the information should take steps as the recipient may deem necessary to verify the information prior to placing any reliance upon the information. The information contained within this report should not be used as an opinion of value, such opinions should and can be obtained from a rennie and associates advisor. All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies. E.&O.E.
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