CONDO MAY burnaby south
AVERAGE PRICE
AVERAGE PSF PRICE
BENCHMARK PRICE 0.4 % UP
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
5 % DOWN
48 % DOWN
55 % DOWN
0.1 % UP
BALANCED 15 %
The number of condo listings in Burnaby South, at 241, decreased 7% month-over-month and fell 48% vs last year. May’s condo sales, at 35, were 6% above last month but 55% lower than last year. The sales-to-listings ratio increased to 15% in May, as Burnaby South’s condo segment remained a bal- anced market. The condo benchmark price in May was $678,900 up 0.9% from April and relatively unchanged vs May 2019. The average sold price was $642,757 with an average PSF sales price of $737 (relatively unchanged and 6% lower, respectively, vs April).
VS
VS
VS
VS
VS
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No. 260
% Change
No. 460
% Change
TOTAL LISTINGS
241
-7%
-48% -55% -13% 0.4% 0.1%
TOTAL SALES
35
33
6%
77
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
15%
13%
14%
17%
$678,900 $672,700 $642,757 $643,554
0.9% $676,400 -0.1% $642,401
$737
$780
-6%
$774
-5%
AVG PRICE PER SQUARE FOOT ›
HISTORICAL TREND
›
SALES
TOTAL INVENTORY
BENCHMARK PRICE
$676,400 $653,500 $654,500 $647,300 $662,000 $674,200 $678,900
460
435
425
334
268
258
241
110
88
88
77
73
62
35
BURNABY SOUTH REBGV
TOTAL LISTINGS & SALES BY PRICE RANGE
NUMBER OF BEDROOMS
›
›
SALES
TOTAL INVENTORY
S L RATIO
SALES TOTAL INVENTORY
SELLER'S MARKET
BALANCED
2
3+ bdrms
BUYER'S MARKET
27
20
2 bdrms
160
13
<2 bdrms
. . . . 0 0 0 0 QD QD
54
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 All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies.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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