TOWNHOME OCTOBER burnaby north
AVERAGE PRICE
AVERAGE PSF PRICE 6 % UP
BENCHMARK PRICE 3 % UP
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
7 % UP
31 % DOWN
10 % UP
SELLER’S 42 %
The number of townhome listings in Burnaby North decreased 20% from last month, settling at 52, and were 31% below October 2019. Townhome sales, at 22, were 12% lower than last month but 10% above October 2019. The sales-to-listings ratio rose to 42% in October, as Burnaby North’s townhome segment remained in a seller’s market. The benchmark price in October was up 2% month-over-month, to $746,400, and was 3% above October 2019. The average sold price was $782,107 in October, (increasing 9% vs September) while the average PSF sales price was $589 (increasing 23%).
VS
VS
VS
VS
VS
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No.
% Change
No.
% Change
TOTAL LISTINGS
52 22
65 25
-20% -12% 10%
75 20
-31% 10% 59%
TOTAL SALES
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
42%
38%
27%
$746,400 $731,900 $782,107 $718,324
2% $723,900 9% $732,455
3% 7% 6%
$589
$478
23%
$558
AVG PRICE PER SQUARE FOOT ›
HISTORICAL TREND
›
SALES
TOTAL INVENTORY
BENCHMARK PRICE
$723,900 $725,000 $727,900 $727,900 $734,600 $732,500 $746,400
75
59
58
56
52
48
42
27
22
20
17
13
12
4
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
4+ bdrms
BUYER'S MARKET
5
11
3 bdrms
22
9
<3 bdrms
. . . . 0 0 0 0 QD QD QD QD
25
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 November 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 All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies.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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