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
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