the rennie review - September 2019

DETACHED - AUGUST 2019 burnaby south

AVERAGE PRICE

AVERAGE PSF PRICE

BENCHMARK PRICE 9 % DOWN

TOTAL LISTINGS

SALES

SALES TO LISTING RATIO

MARKET SUMMARY ›

8 % UP

18 % DOWN

-

58 % UP

BUYER’S 9 %

There were 210 detached listings in the Burnaby South market area in August, 5% below last month and 18% lower vs August 2018. Detached sales fell by 13, to 19, between July and August, but were 5 higher year-over-year. The sales-to-listings ratio decreased to 9%, as Burnaby South’s detached market transitioned to buyer’s market territory. The benchmark price in August was $1.47M, 0.6% below the previous month and a 9% decline vs last year. The average sold price for detached homes was $1.90M, 15% higher month-over-month and 8% above August of last year.

VS 2018

VS 2018

VS 2018

VS 2018

VS 2018

PREVIOUS MONTH

PREVIOUS YEAR

THIS MONTH No.

No. 220

% Change

No. 257

% Change

TOTAL LISTINGS

210

-5%

-18% 58% 94%

TOTAL SALES

19 9%

32

-41% -38%

12 5%

SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF

15%

$1,467,900 $1,477,300 -0.6% $1,621,000

-9%

$1,903,206 $1,654,781

15% $1,765,238

8%

-

-

-

-

-

RATIO OF BENCHMARK PRICES ›

HISTORICAL TREND

SALES TOTAL INVENTORY BENCHMARK PRICE

(MILLIONS)

$1.63

$1.62

$1.57

$1.54

$1.53

$1.50

$1.47

2.26

2.26

2.26

1.94

1.93

1.91

257

244

242

222

210

192

177

26

23

22

19

12

8

7

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. 14

Made with FlippingBook - professional solution for displaying marketing and sales documents online