CONDO - FEBRUARY 2020 burnaby south
AVERAGE PRICE
AVERAGE PSF PRICE 3 % UP
BENCHMARK PRICE
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
11 % UP
35 % DOWN
1.6 % DOWN
8 % UP
SELLER’S 29 %
The number of condo listings in Burnaby South, at 240, decreased 3% month-over-month and fell 35% vs last year. February’s condo sales, at 69, were 11% above last month and 8% higher than last year. The sales-to-listings ratio increased to 29% in February, as Burnaby South’s condo segment remained in seller’s market territory. The condo benchmark price in February was $678,200, up 2% vs January but a 1.6% decrease from February 2019. The average sold price was $635,385 with an aver- age PSF sales price of $744 (7% and 1.2% higher vs January, respectively).
VS 2019
VS 2019
VS 2019
VS 2019
VS 2019
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No. 247
% Change
No. 367
% Change
TOTAL LISTINGS
240
-3% 11% 15%
-35%
TOTAL SALES
69
62
64
8%
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
29%
25%
17%
65%
$678,200 $661,700 $635,385 $595,215
2% $689,400 7% $574,369
-1.6%
11%
$744
$735
1.2%
$722
3%
AVG PRICE PER SQUARE FOOT ›
HISTORICAL TREND
›
SALES TOTAL INVENTORY BENCHMARK PRICE
$689,400 $679,200 $666,200 $648,500 $645,300 $652,000 $678,200
457
433
437
389
367
240
228
97
88
77
70
69
64
58
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
5
3+ bdrms
BUYER'S MARKET
20
41
2 bdrms
173
23
<2 bdrms
. . . . 0 0 0 0 QD QD QD
47
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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