CONDO - SEPTEMBER 2019 burnaby south
AVERAGE PRICE
AVERAGE PSF PRICE
BENCHMARK PRICE 8 % DOWN
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
6 % DOWN
3 % DOWN
27 % UP
43 % UP
BALANCED 18 %
The number of condo listings in Burnaby South, at 397, decreased 7% month-over-month but jumped 27% vs last year. September’s condo sales, at 73, were 5% below last month but 43% higher than last year. The sales-to-listings ratio was unchanged at 18% in September, as Burnaby South’s condo segment remained in balanced market territory. The condo benchmark price in September was $654,500, 0.9% above August but an 8% decrease from September 2018. The average sold price was $591,589 (7% lower than in August) with an average PSF sales price of $724 (5% below August).
VS 2018
VS 2018
VS 2018
VS 2018
VS 2018
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No. 427
% Change
No. 313
% Change
TOTAL LISTINGS
397
-7% -5%
27% 43% 13% -8% -6% -3%
TOTAL SALES
73
77
51
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
18%
18%
2%
16%
$654,500 $648,500 $591,589 $637,008
0.9% $709,800 -7% $626,941
$724
$763
-5%
$749
AVG PRICE PER SQUARE FOOT ›
HISTORICAL TREND
›
SALES TOTAL INVENTORY BENCHMARK PRICE
$709,800 $689,900 $687,900 $681,400 $676,400 $653,500 $654,500
460
434
401
397
368
364
313
88
77
73
61
51
50
40
BURNABY SOUTH REBGV
TOTAL LISTINGS & SALES BY PRICE RANGE
NUMBER OF BEDROOMS
›
›
SALES TOTAL INVENTORY S-L RATIO
SALES TOTAL INVENTORY
3
3+ bdrms
48
SELLER'S MARKET
BALANCED
BUYER'S MARKET
43
2 bdrms
257
27
<2 bdrms
. . . . 0 0 0 0 QD QD QD
92
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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