CONDO OCTOBER burnaby north
AVERAGE PRICE
AVERAGE PSF PRICE 4 % UP
BENCHMARK PRICE 4 % UP
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
0.9 % UP
42 % UP
4 % UP
SELLER’S 24 %
There were 399 condo listings in Burnaby North in October, 5% below September but 42% higher vs October 2019. October condo sales decreased by 14% month-over- month, to 96, but were 4% above October 2019. The sales-to-listings ratio for condos in Burnaby North decreased to 24%, remaining a seller’s market. The condo benchmark price in October was $614,800, a 0.2% increase from September and 4% above October 2019. The average sold price was $599,590, 6% below last month; the average PSF sales price was $707, down 5% from last month.
VS
VS
VS
VS
VS
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No. 418 111 27%
% Change
No. 281
% Change
TOTAL LISTINGS
399
-5%
42%
TOTAL SALES
96
-14%
92
4%
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
24%
-9%
33%
-27%
$614,800 $613,400 $599,590 $634,615
0.2% $590,300 -6% $594,428
4%
0.9%
$707
$746
-5%
$683
4%
AVG PRICE PER SQUARE FOOT ›
HISTORICAL TREND
›
SALES
TOTAL INVENTORY
BENCHMARK PRICE
$590,300 $598,200 $613,000 $618,600 $605,500 $614,400 $614,800
425
399
305
281
276
207
149
103
96
92
63
63
54
19
BURNABY NORTH REBGV
TOTAL LISTINGS & SALES BY PRICE RANGE
NUMBER OF BEDROOMS
›
›
SALES
TOTAL INVENTORY
S L RATIO
SALES TOTAL INVENTORY
SELLER'S MARKET
8
BALANCED
3+ bdrms
BUYER'S MARKET
37
59
2 bdrms
257
29
<2 bdrms
. . . . 0 0 0 0 QD QD QD
105
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 All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies.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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