CONDO AUGUST burnaby north
AVERAGE PRICE
AVERAGE PSF PRICE 7 % UP
BENCHMARK PRICE 2 % UP
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
3 % UP
28 % UP
41 % UP
SELLER’S 26 %
There were 397 condo listings in Burnaby North in August, 14% above July and 28% higher vs August 2019. August condo sales increased by 22% month-over- month, to 104, and were 41% above August 2019. The sales-to-listings ratio for condos in Burnaby North increased to 26%, remaining a seller’s market. The condo benchmark price in August was $614,400, a 0.6% increase from July and 2% above August 2019. The average sold price was $616,056, 3% above last month; the average PSF sales price was $764, up 7% from last month.
VS
VS
VS
VS
VS
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No. 348
% Change
No. 311
% Change
TOTAL LISTINGS
397 104 26%
14% 22%
28% 41% 10%
TOTAL SALES
85
74
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
24%
7%
24%
$614,400 $610,900 $616,056 $599,222
0.6% $601,700 3% $600,550
2% 3% 7%
$764
$711
7%
$715
AVG PRICE PER SQUARE FOOT ›
HISTORICAL TREND
›
SALES
TOTAL INVENTORY
BENCHMARK PRICE
$601,700 $590,300 $598,200 $613,000 $618,600 $605,500 $614,400
397
311
305
276
281
207
149
104
92
74
63
63
54
19
BURNABY NORTH REBGV
TOTAL LISTINGS & SALES BY PRICE RANGE
NUMBER OF BEDROOMS
›
›
SALES
TOTAL INVENTORY
S L RATIO
SALES TOTAL INVENTORY
SELLER'S MARKET
BALANCED
4
3+ bdrms
BUYER'S MARKET
42
64
2 bdrms
265
36
<2 bdrms
. . . . 0 0 0 0 QD QD QD
90
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 All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies.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.
16
Made with FlippingBook - professional solution for displaying marketing and sales documents online