DETACHED - AUGUST 2019 burnaby north
AVERAGE PRICE
AVERAGE PSF PRICE
BENCHMARK PRICE 8 % DOWN
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
11 % DOWN
5 % DOWN
-
45 % UP
BALANCED 16 %
The number of detached listings in Burnaby North in August, at 199, was 14% lower month-over- month and 11% lower year-over-year. With 32 in August, detached sales were down by 7 month-over-month but 10 above last year. The sales-to-listings ratio dipped to 16%, as Burnaby North’s detached market remained balanced. The benchmark price in August was $1.38M, virtually unchanged from July 2019 and 8% lower than in August 2018. The average sold price was $1.67M, up 10% from the previous month but 5% below August 2018.
VS 2018
VS 2018
VS 2018
VS 2018
VS 2018
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No. 232
% Change
No. 223
% Change
TOTAL LISTINGS
199
-14% -18%
-11% 45% 63%
TOTAL SALES
32
39
22
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
16%
17%
-4%
10%
$1,375,500 $1,373,400 0.2% $1,501,200
-8% -5%
$1,668,303 $1,512,362
10% $1,749,432
-
-
-
-
-
RATIO OF BENCHMARK PRICES ›
HISTORICAL TREND
›
SALES TOTAL INVENTORY BENCHMARK PRICE
(MILLIONS)
$1.50
$1.49
$1.45
$1.40
$1.40
$1.39
$1.38
2.31
2.29
2.25
1.96
1.91
1.90
239
233
225
223
199
187
171
32
30
24
22
19
19
14
Aug-18
Jul-19
Aug-19
TOTAL LISTINGS & SALES BY PRICE RANGE ›
SALES TOTAL INVENTORY S-L RATIO
. . . 0 0 0 0 0 QD QD QD S-L RATIO SALES INVENTORY SELLER'S MARKET BALANCED BUYER'S MARKET
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. 11
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