CONDO - AUGUST 2019 burnaby south
AVERAGE PRICE
AVERAGE PSF PRICE
BENCHMARK PRICE 10 % DOWN
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
0.5 % DOWN
3 % DOWN
46 % UP
18 % UP
BALANCED 19 %
The number of condo listings in Burnaby South, at 415, decreased 4% month-over-month but jumped 46% vs last year. August’s condo sales, at 77, were 13% below last month but 18% higher than last year. The sales-to-listings ratio dipped to 19% in August, as Burnaby South’s condo segment remained in balanced market territory. The condo benchmark price in August was $648,500, 0.8% below July and a 10% decrease from August 2018. The average sold price was $637,008 (3% lower than in July) with an average PSF sales price of $763 (0.5% above July).
VS 2018
VS 2018
VS 2018
VS 2018
VS 2018
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No. 431
% Change
No. 284
% Change
TOTAL LISTINGS
415
-4%
46% 18% -19% -10% -0.5%
TOTAL SALES
77
88
-13%
65
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
19%
20%
-9%
23%
$648,500 $653,500 $637,008 $654,405
-0.8% $717,800 -3% $640,438
$763
$759
0.5%
$787
-3%
AVG PRICE PER SQUARE FOOT ›
HISTORICAL TREND
›
SALES TOTAL INVENTORY BENCHMARK PRICE
$717,800 $701,400 $685,700 $689,400 $679,200 $666,200 $648,500
457
433
415
367
348
315
284
77
70
65
64
58
50
38
BURNABY SOUTH 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
42
50
2 bdrms
270
22
<2 bdrms
. . . . 0 0 0 0 QD QD QD
103
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. 16
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