CONDO MAY burnaby north
AVERAGE PRICE
AVERAGE PSF PRICE 8 % UP
BENCHMARK PRICE 1.4 % UP
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
33 % DOWN
7 % DOWN
25 % DOWN
BALANCED 20 %
There were 242 condo listings in Burnaby North in May, 7% below April and 25% lower vs May 2019. May condo sales increased by 29 month-over-month but were 24 belowMay 2019. The sales-to-listings ratio for condos in Burnaby North increased to 20%, transitioning to a balanced market. The condo benchmark price in May was $623,500, a 0.8% increase from April and 1.4% above May 2019. The average sold price was $546,856, 5% below last month; the average PSF sales price was $720, up 5% from last month.
VS
VS
VS
VS
VS
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No. 259
% Change
No. 324
% Change
TOTAL LISTINGS
242
-7%
-25% -33% -11% 1.4%
TOTAL SALES
48
19 7%
153% 170%
72
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
20%
22%
$623,500 $618,600 $546,856 $577,184
0.8% $615,100 -5% $584,988
-7%
$720
$688
5%
$669
8%
AVG PRICE PER SQUARE FOOT ›
HISTORICAL TREND
›
SALES
TOTAL INVENTORY
BENCHMARK PRICE
$615,100 $609,500 $591,400 $595,900 $606,900 $616,300 $623,500
324
316
309
250
242
219
177
86
84
73
72
71
55
48
BURNABY NORTH REBGV
TOTAL LISTINGS & SALES BY PRICE RANGE
NUMBER OF BEDROOMS
›
›
SALES
TOTAL INVENTORY
S L RATIO
SALES TOTAL INVENTORY
SELLER'S MARKET
BALANCED
2
BUYER'S MARKET
3+ bdrms
19
25
2 bdrms
166
21
<2 bdrms
. . . . 0 0 0 0 QD QD QD QD
57
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 All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies.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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