CONDO - DECEMBER 2020 burnaby south
AVERAGE PRICE
AVERAGE PSF PRICE
BENCHMARK PRICE 0.7 % UP
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
40 % UP
2 % DOWN
1.6 % DOWN
14 % UP
SELLER’S 31 %
The number of condo listings in Burnaby South, at 320, decreased 26% month-over-month but were 40% above last year. December’s condo sales, at 99, were 8% above last month and 14% higher vs last year. The sales-to-listings ratio increased to 31% in December, as Burnaby South’s condo segment remained a seller’s market. The condo benchmark price in December was $655,500, down 0.4% from November but 0.7% higher vs December 2019. The average sold price was $630,572 with an aver- age PSF sales price of $732 (up 6% and down 1.3%, respectively, vs November).
VS 2019
VS 2019
VS 2019
VS 2019
VS 2019
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No. 430
% Change
No. 229
% Change
TOTAL LISTINGS
320
-26%
40% 14% -19% 0.7% -1.6%
TOTAL SALES
99
92
8%
87
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
31%
21%
45%
38%
$655,500 $658,300 $630,572 $594,281
-0.4% $650,800 6% $640,712 -1.3% $748
$732
$742
-2%
AVG PRICE PER SQUARE FOOT ›
HISTORICAL TREND
›
SALES
TOTAL INVENTORY
BENCHMARK PRICE
$650,800 $676,400 $672,700 $670,500 $656,300 $661,000 $655,500
474
429
320
320
267
258
229
100
99
87
81
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
7
3+ bdrms
BUYER'S MARKET
34
67
2 bdrms
214
25
<2 bdrms
. . . . 0 0 0 0 QD QD
72
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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