CONDO AUGUST burnaby south
AVERAGE PRICE
AVERAGE PSF PRICE
BENCHMARK PRICE 1.2 % UP
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
5 % UP
4 % DOWN
3 % DOWN
8 % DOWN
BALANCED 20 %
The number of condo listings in Burnaby South, at 81, increased 9% month-over-month but fell 8% vs last year. August’s condo sales, at 81, were 11% above last month and 5% higher vs last year. The sales-to-listings ratio was unchanged at 20% in August, as Burnaby South’s condo segment remained a balanced market. The condo benchmark price in August was $656,300 down 3% from July but 1.2% higher vs August 2019. The average sold price was $611,415 with an average PSF sales price of $737 (down 5% and 3%, respectively, vs July).
VS
VS
VS
VS
VS
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No. 367
% Change
No. 437
% Change
TOTAL LISTINGS
400
9%
-8%
TOTAL SALES
81
73
11% 1.8%
77
5%
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
20%
20%
18%
15% 1.2%
$656,300 $674,500 $611,415 $642,190
-3% $648,500 -5% $637,008
-4% -3%
$737
$763
-3%
$763
AVG PRICE PER SQUARE FOOT ›
HISTORICAL TREND
›
SALES
TOTAL INVENTORY
BENCHMARK PRICE
$648,500 $645,300 $650,800 $676,400 $672,700 $670,500 $656,300
437
400
389
320
267
258
229
97
87
81
77
69
57
33
BURNABY SOUTH REBGV
TOTAL LISTINGS & SALES BY PRICE RANGE
NUMBER OF BEDROOMS
›
›
SALES
TOTAL INVENTORY
S L RATIO
SALES TOTAL INVENTORY
SELLER'S MARKET
BALANCED
3
3+ bdrms
BUYER'S MARKET
47
53
2 bdrms
263
25
<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 All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies.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.
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