DETACHED - AUGUST 2019 burnaby east
AVERAGE PRICE
AVERAGE PSF PRICE
BENCHMARK PRICE 8 % DOWN
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
24 % DOWN
0.8 % DOWN
-
57 % UP
SELLER’S 21 %
The number of detached listings in Burnaby East in August, at 53, was 12% lower vs the previous month and 24% below August 2018. There were 11 detached sales in August, 5 more than the previous month and 4 above August 2018. The sales-to-listings ratio jumped to 21%, as Burnaby East’s detached segment transitioned to a seller’s market. The benchmark price for detached homes in Burnaby East was $1.17M—1.4% below last month and 8% lower year-over-year. The average sold price in Burnaby East in August was $1.37M, down 0.9% vs July and 0.8% below August 2018.
VS 2018
VS 2018
VS 2018
VS 2018
VS 2018
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No.
% Change
No.
% Change
TOTAL LISTINGS
53 11
60
-12% 83% 108%
70
-24% 57% 108%
TOTAL SALES
6
7
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
21%
10%
10%
$1,165,800 $1,181,900 -1.4% $1,269,200 $1,373,500 $1,385,417 -0.9% $1,384,823 -0.8% -8%
-
-
-
-
-
RATIO OF BENCHMARK PRICES ›
HISTORICAL TREND
›
SALES TOTAL INVENTORY BENCHMARK PRICE
(MILLIONS)
$1.27
$1.25
$1.18
$1.17
$1.17
$1.17
$1.16
1.82
1.81
1.78
1.66
1.64
1.62
85
70
61
61
54
53
49
11
8
7
6
5
5
4
Aug-18
Jul-19
Aug-19
TOTAL LISTINGS & SALES BY PRICE RANGE ›
SALES TOTAL INVENTORY S-L RATIO
SELLER'S MARKET
BALANCED
BUYER'S MARKET
. . . 0 0 0 0 0 QD QD QD QD
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. 8
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