the rennie review - January 2021

DETACHED - DECEMBER 2020 burnaby north

AVERAGE PRICE

AVERAGE PSF PRICE

BENCHMARK PRICE 11 % UP

TOTAL LISTINGS

SALES

SALES TO LISTING RATIO

MARKET SUMMARY ›

19 % DOWN

0.6 % UP

-

96 % UP

58 %

The number of detached listings in Burnaby North in December, at 78, was 43% lower month-over- month and 19% lower year-over-year. With 45 in December, detached sales were 2% above last month and 96% above last year. The sales-to-listings ratio increased to 58%, as Burnaby North’s detached market remained favour- able to sellers. The benchmark price in December was $1.54M, 0.8% above November and 11% above December 2019. The average sold price was $1.63M, down 3% from the previous month but 0.6% above December 2019.

VS 2019

VS 2019

VS 2019

VS 2019

VS 2019

SELLER’S

PREVIOUS MONTH

PREVIOUS YEAR

THIS MONTH No.

No. 137

% Change

No.

% Change

TOTAL LISTINGS

78 45

-43%

96 23

-19% 96% 141%

TOTAL SALES

44

2%

SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF

58%

32%

80%

24%

$1,536,300 $1,523,400 0.8% $1,389,500

11%

$1,633,930 $1,684,618

-3% $1,623,870 0.6%

-

-

-

-

-

RATIO OF BENCHMARK PRICES ›

HISTORICAL TREND

SALES

TOTAL INVENTORY

BENCHMARK PRICE

(MILLIONS)

$1.54

$1.50

$1.49

$1.48

$1.47

2.05

2.05

$1.42

$1.39

1.92

1.22

1.22

1.21

151

144

120

111

105

96

78

58

45

31

23

23

14

45

Dec-19

Nov-20

Dec-20

TOTAL LISTINGS & SALES BY PRICE RANGE ›

SALES

TOTAL INVENTORY

S-L RATIO

     

  

SELLER'S MARKET





BALANCED

BUYER'S MARKET

    





. . . 0 0 0 0 0 QD QD QD     QD                

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 January 6, 2021. 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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