CONDO - SEPTEMBER 2019 burnaby east
AVERAGE PRICE
AVERAGE PSF PRICE
BENCHMARK PRICE 7 % DOWN
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
15 % DOWN
3 % UP
62 % UP
300 % UP
BALANCED 17 %
The number of condo listings in Burnaby East in September was 31% higher month-over-month (at 47) and jumped 62% year-over-year. At 8, condo sales were 2 lower month-over-month but 6 above September 2018. The sales-to-listings ratio decreased to 17% in September as Burnaby East’s condo market became balanced. The condo benchmark price in September was $713,900, 1.9% above last month but 7% lower year-over-year. The average sold price for condos increased 0.9% month-over-month (to $515,600) while the average PSF sales price increased 4% (to $710).
VS 2018
VS 2018
VS 2018
VS 2018
VS 2018
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No.
% Change
No.
% Change
TOTAL LISTINGS
47
36 10
31% -20% -39%
29
62%
TOTAL SALES
8
2
300% 147%
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
17%
28%
7%
$713,900 $700,700 $515,600 $510,826
1.9% $767,600 0.9% $605,500
-7%
-15%
$710
$682
4%
$691
3%
AVG PRICE PER SQUARE FOOT ›
HISTORICAL TREND
›
SALES TOTAL INVENTORY BENCHMARK PRICE
$767,600 $762,400 $743,900 $722,500 $748,100 $721,200 $713,900
47
38
36
34
34
31
29
8
6
6
5
3
3
2
BURNABY EAST
REBGV
TOTAL LISTINGS & SALES BY PRICE RANGE
NUMBER OF BEDROOMS
›
›
SALES TOTAL INVENTORY S-L RATIO
SALES TOTAL INVENTORY
SELLER'S MARKET
BALANCED
3+ bdrms
BUYER'S MARKET
4
3
2 bdrms
30
5
<2 bdrms
. . . . 0 0 0 0 QD QD QD QD QD
13
S-L RATIO SALES INVENTORY
Copyright © 2019 rennie group of companies. All rights reserved. This material may not be reproduced or distributed, in whole or in part, without the prior written permission of the rennie group of companies. Current as of October 3, 2019. All data from RealEstateBoardof Greater Vancouver and Fraser Valley & Rennie. While the information and data contained herein has been obtained from sources deemed reliable, accuracy cannot be guaranteed. rennie group of companies does not assume responsibility or liability for any inaccuracies. The recipient of the information should take steps as the recipient may deem necessary to verify the information prior to placing any reliance upon the information. The information contained within this report should not be used as an opinion of value, such opinions should and can be obtained from a rennie and associates advisor. All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies. E.&O.E.
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