DETACHED - FEBRUARY 2020 burnaby south
AVERAGE PRICE
AVERAGE PSF PRICE
BENCHMARK PRICE 4 % DOWN
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
25 % DOWN
0.3 % UP
-
200 % UP
BALANCED 15 %
There were 144 detached listings in the Burnaby South market area in February, 4% above last month but 25% lower vs February 2019. Detached sales rose by 7, to 21, between January and February, and were 14 higher year-over-year. The sales-to-listings ratio increased to 15%, as Burnaby South’s detached market transitioned to balanced market territory. The benchmark price in February was $1.48M, 1.1% below the previous month and a 4% decline vs last year. The average sold price for detached homes was $1.59M, 9% higher month-over-month and relative- ly unchanged from February of last year.
VS 2019
VS 2019
VS 2019
VS 2019
VS 2019
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No. 139
% Change
No. 192
% Change
TOTAL LISTINGS
144
4%
-25% 200% 300%
TOTAL SALES
21
14
50% 45%
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SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
15%
10%
4%
$1,477,800 $1,493,500 -1.1% $1,542,100
-4%
$1,588,857 $1,455,966
9% $1,583,720 0.3%
-
-
-
-
-
RATIO OF BENCHMARK PRICES ›
HISTORICAL TREND
›
SALES TOTAL INVENTORY BENCHMARK PRICE
(MILLIONS)
$1.54
$1.53
$1.50
$1.49
$1.48
$1.47
$1.47
1.94
1.91
1.91
242
225
222
206
192
1.17
1.16
1.14
144
127
30
26
23
21
21
19
7
Feb-19
Jan-20
Feb-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 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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