CONDO - FEBRUARY 2020 burnaby north
AVERAGE PRICE
AVERAGE PSF PRICE 5 % UP
BENCHMARK PRICE 2 % UP
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
3 % UP
17 % DOWN
0.0 %
SELLER’S 28 %
There were 190 condo listings in Burnaby North in February, 15% above January but 17% lower vs February 2019. February condo sales decreased by 1 month-over- month and was unchanged year-over-year. The sales-to-listings ratio for condos in Burnaby North decreased to 28%, remaining a seller’s market. The condo benchmark price in February was $613,200, 1.0% above January and 2% higher vs February 2019. The average sold price was $599,829, 4% below last month; the average PSF sales price was $738, up 0.8% from last month.
VS 2019
VS 2019
VS 2019
VS 2019
VS 2019
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No. 165
% Change
No. 229
% Change
TOTAL LISTINGS
190
15%
-17% 0.0% 21%
TOTAL SALES
54
55
-1.8% -15%
54
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
28%
33%
24%
$613,200 $606,900 $599,829 $622,159
1.0% $599,900 -4% $580,857
2% 3% 5%
$738
$732
0.8%
$702
AVG PRICE PER SQUARE FOOT ›
HISTORICAL TREND
›
SALES TOTAL INVENTORY BENCHMARK PRICE
$599,900 $611,800 $607,800 $601,700 $590,300 $598,500 $613,200
331
316
310
280
229
190
147
92
74
63
54
54
54
40
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
3
3+ bdrms
BUYER'S MARKET
17
33
2 bdrms
121
18
<2 bdrms
. . . . 0 0 0 0 QD QD QD
52
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 March 4, 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 All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies.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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