TOWNHOME - AUGUST 2019 burnaby north
AVERAGE PRICE
AVERAGE PSF PRICE 3 % UP
BENCHMARK PRICE 6 % DOWN
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
10 % DOWN
7 % UP
120 % UP
SELLER’S 36 %
The number of townhome listings in Burnaby North decreased 19% from last month, settling at 61, but was 7% above August 2018. Townhome sales, at 22, were up by 5 vs last month and 12 above August 2018. The sales-to-listings ratio increased to 36% in August, as Burnaby North’s townhome segment remained a seller’s market. The benchmark price in August was $721,500, 0.2% below July and 6% lower vs August 2018. The average sold price was $652,364 in August, (decreasing 4% vs July) while the average PSF sales price was $525 (decreasing 1.7%).
VS 2018
VS 2018
VS 2018
VS 2018
VS 2018
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No.
% Change
No.
% Change
TOTAL LISTINGS
61 22
75 17
-19% 29% 59%
57 10
7%
TOTAL SALES
120% 106%
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
36%
23%
18%
$721,500 $723,100 $652,364 $680,729
-0.2% $766,200 -4% $721,020 -1.7% $511
-6%
-10%
$525
$534
3%
AVG PRICE PER SQUARE FOOT ›
HISTORICAL TREND
›
SALES TOTAL INVENTORY BENCHMARK PRICE
$766,200 $761,100 $724,400 $715,300 $709,200 $725,500 $721,500
76
72
63
61
57
56
54
22
16
13
11
11
10
4
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
1
4+ bdrms
BUYER'S MARKET
5
12
3 bdrms
31
9
<3 bdrms
. . . . 0 0 0 0 QD QD QD
25
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. 12
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