the rennie review - September 2020

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

SL 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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