CONDO - AUGUST 2019 burnaby north
AVERAGE PRICE
AVERAGE PSF PRICE
BENCHMARK PRICE 8 % DOWN
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
0.8 % UP
1.4 % DOWN
35 % UP
57 % UP
SELLER’S 26 %
There were 281 condo listings in Burnaby North in August, 10% below July but 35% higher than in August 2018. August condo sales increased by 1.4% month-over- month and 57% year-over-year. The sales-to-listings ratio for condos in Burnaby North increased to 26%, remaining a seller’s market. The condo benchmark price in August was $601,700, 1.3% below July and 8% lower than in August 2018. The average sold price was $600,550, up 6% from last month; the average PSF sales price was $715, up 2% from last month.
VS 2018
VS 2018
VS 2018
VS 2018
VS 2018
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No. 311
% Change
No. 208
% Change
TOTAL LISTINGS
281
-10% 1.4% 12%
35% 57% 17% -8% 0.8% -1.4%
TOTAL SALES
74
73
47
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
26%
23%
23%
$601,700 $609,500 $600,550 $568,762
-1.3% $650,900 6% $595,657
$715
$701
2%
$725
AVG PRICE PER SQUARE FOOT ›
HISTORICAL TREND
›
SALES TOTAL INVENTORY BENCHMARK PRICE
$650,900 $631,200 $619,100 $599,900 $611,800 $607,800 $601,700
331
316
281
254
229
208
208
74
54
54
47
46
40
31
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
5
3+ bdrms
BUYER'S MARKET
23
44
2 bdrms
196
25
<2 bdrms
. . . . 0 0 0 0 QD QD QD
63
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. 13
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