DETACHED MAY burnaby south
AVERAGE PRICE
AVERAGE PSF PRICE
BENCHMARK PRICE 1.4 % UP
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
43 % DOWN
22 % DOWN
8 % DOWN
-
BALANCED 13 %
There were 137 detached listings in the Burnaby South market area in May, 2% below last month and 43% lower vs May 2019. Detached sales increased by 10 month-over-month, to 18, but fell by 5 year-over-year. The sales-to-listings ratio increased to 13%, as Burnaby South’s detached market transitioned to a balanced market. The benchmark price in May was $1.53M, 1.8% above the previous month and a 1.4% increase vs last year. The average sold price for detached homes was $1.51M, 5% lower month-over-month and 8% lower year-over-year.
VS
VS
VS
VS
VS
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No. 140
% Change
No. 242
% Change
TOTAL LISTINGS
137
-2%
-43% -22% 38%
TOTAL SALES
18
8
125% 130%
23
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
13%
6%
10%
$1,529,000 $1,501,900 1.8% $1,508,100 1.4%
$1,509,167 $1,586,816
-5% $1,643,219
-8%
-
-
-
-
-
RATIO OF BENCHMARK PRICES ›
HISTORICAL TREND
›
SALES
TOTAL INVENTORY
BENCHMARK PRICE
MILLIONS
$1.53
$1.51
$1.49
$1.49
$1.49
$1.48
$1.46
1.98
1.93
1.92
242
225
224
1.16
1.16
178
1.14
143
140
137
40
32
32
23
23
18
14
May-19
Apr-20
May-20
TOTAL LISTINGS & SALES BY PRICE RANGE ›
SALES
TOTAL INVENTORY
S L RATIO
SELLER'S MARKET
BALANCED
BUYER'S MARKET
. . . 0 0 0 0 0 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 All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies.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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