CONDO - AUGUST 2019 burnaby east
AVERAGE PRICE
AVERAGE PSF PRICE
BENCHMARK PRICE 10 % DOWN
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
14 % DOWN
8 % DOWN
40 % UP
43 % UP
SELLER’S 29 %
The number of condo listings in Burnaby East in August was unchanged month-over-month (at 35) and jumped 40% year-over-year. At 10, condo sales were 7 higher month-over-month and 3 above August 2018. The sales-to-listings ratio increased to 29% in August as Burnaby East’s condo market favoured seller’s. The condo benchmark price in August was $700,700, 3% below last month and 10% lower year-over-year. The average sold price for condos decreased 2% month-over-month (to $510,826) while the average PSF sales price fell 3% (to $682).
VS 2018
VS 2018
VS 2018
VS 2018
VS 2018
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No.
% Change
No.
% Change
TOTAL LISTINGS
35 10
35
0.0% 233% 233%
25
40% 43%
TOTAL SALES
3
7
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
29%
9%
28%
2%
$700,700 $721,200 $510,826 $522,333
-3% $782,800 -2% $596,643
-10% -14%
$682
$701
-3%
$741
-8%
AVG PRICE PER SQUARE FOOT ›
HISTORICAL TREND
›
SALES TOTAL INVENTORY BENCHMARK PRICE
$782,800 $761,400 $770,300
$718,900 $754,900 $736,100 $700,700
35
35
35
33
32
27
25
10
9
7
6
6
5
4
BURNABY EAST
REBGV
TOTAL LISTINGS & SALES BY PRICE RANGE
NUMBER OF BEDROOMS
›
›
SALES TOTAL INVENTORY S-L RATIO
SALES TOTAL INVENTORY
SELLER'S MARKET
BALANCED
3+ bdrms
BUYER'S MARKET
5
2 bdrms
23
5
<2 bdrms
. . . . 0 0 0 0 QD QD QD QD QD
12
S-L RATIO SALES INVENTORY
Current as of September 2, 2019. All data from the Real Estate Board of Greater Vancouver and Fraser Valley. The information set out herein (the “Information”) is intended for informational purposes only. RAR & RMS has not verified the information and does not represent, warrant or guarantee theaccuracy,correctnessandcompletenessof the information.RAR&RMSdoesnotassumeany responsibilityor liabilityofanykind inconnectionwith the informationand the recipient’s relianceupon the information.The recipientof the information should take stepsas the recipientmaydeemnecessary toverify the informationprior toplacinganyrelianceupon the information.The informationmaychangeandanypropertydescribed in the informationmaybewithdrawn from themarketatany timewithoutnoticeorobligation to therecipient fromRAR&RMS. 10
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