the rennie review - June 2020

DETACHED  MAY  burnaby north

AVERAGE PRICE

AVERAGE PSF PRICE

BENCHMARK PRICE 5 % UP

TOTAL LISTINGS

SALES

SALES TO LISTING RATIO

MARKET SUMMARY ›

58 % DOWN

52 % DOWN

2 % UP

-

BALANCED 15 %

The number of detached listings in Burnaby North in May, at 104, were 3% higher month-over-month but 58% lower year-over-year. With 16 in May, detached sales were 2 above last month but 17 lower vs last year. The sales-to-listings ratio increased to 15%, as Burnaby North’s detached market remained balanced. The benchmark price in May was $1.47M, relatively unchanged from April and 5% above May 2019. The average sold price was $1.46M, down 1.2% from the previous month but 2% above May 2019.

VS 

VS 

VS 

VS 

VS 

PREVIOUS MONTH

PREVIOUS YEAR

THIS MONTH No.

No. 101

% Change

No. 248

% Change

TOTAL LISTINGS

104

3%

-58% -52% 16%

TOTAL SALES

16

14

14% 11%

33

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

15%

14%

13%

$1,472,700 $1,469,600 0.2% $1,407,600 $1,462,199 $1,480,464 -1.2% $1,428,875

5% 2%

-

-

-

-

-

RATIO OF BENCHMARK PRICES ›

HISTORICAL TREND

SALES

TOTAL INVENTORY

BENCHMARK PRICE

MILLIONS

$1.47

$1.45

$1.42

$1.41

$1.38

$1.37

$1.35

2.05

2.02

1.93

248

239

201

1.19

1.18

1.15

154

111

110

104

39

33

33

31

27

24

16

May-19

Apr-20

May-20

TOTAL LISTINGS & SALES BY PRICE RANGE ›

SALES

TOTAL INVENTORY

SL RATIO

     

  

SELLER'S MARKET



BALANCED

BUYER'S MARKET



 

. . . 0 0 0 0 0 QD QD QD   QD QD QD                

S-L RATIO SALES INVENTORY

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 June 4, 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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