the rennie review - July 2020

DETACHED  JUNE  burnaby south

AVERAGE PRICE

AVERAGE PSF PRICE

BENCHMARK PRICE 4 % UP

TOTAL LISTINGS

SALES

SALES TO LISTING RATIO

MARKET SUMMARY ›

32 % DOWN

8 % DOWN

12 % DOWN

-

BALANCED 15 %

There were 165 detached listings in the Burnaby South market area in June, 18% above last month but 32% lower vs June 2019. Detached sales increased by 6 month-over-month, to 18, but fell by 2 year-over-year. The sales-to-listings ratio increased to 15%, as Burnaby South’s detached market remained a bal- anced market. The benchmark price in June was $1.56M, 2% above the previous month and a 4% increase vs last year. The average sold price for detached homes was $1.55M, 3% higher month-over-month but 12% lower year-over-year.

VS 

VS 

VS 

VS 

VS 

PREVIOUS MONTH

PREVIOUS YEAR

THIS MONTH No.

No. 140

% Change

No. 242

% Change

TOTAL LISTINGS

165

18% 33% 13%

-32% -8% 35%

TOTAL SALES

24

18

26

SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF

15%

13%

11%

$1,559,300 $1,529,000 $1,550,063 $1,509,167

2% $1,496,100

4%

3% $1,769,318 -12%

-

-

-

-

-

RATIO OF BENCHMARK PRICES ›

HISTORICAL TREND

SALES

TOTAL INVENTORY

BENCHMARK PRICE

MILLIONS

$1.56

$1.50

$1.50

$1.50

$1.48

$1.47

$1.47

1.98

1.97

1.96

242

225

206

1.18

165

1.14

1.14

147

142

127

30

26

24

21

21

19

8

Jun-19

May-20

Jun-20

TOTAL LISTINGS & SALES BY PRICE RANGE ›

SALES

TOTAL INVENTORY

SL RATIO

        . . . 0 0 0 0 0 QD QD QD    QD QD                 S-L RATIO SALES INVENTORY SELLER'S MARKET BALANCED BUYER'S MARKET     

Copyright © 2020 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 July 3, 2020. All data from Real Estate Board of 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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