DETACHED OCTOBER burnaby south
AVERAGE PRICE
AVERAGE PSF PRICE
BENCHMARK PRICE 6 % UP
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
10 % UP
16 % DOWN
-
37 % UP
SELLER’S 24 %
There were 173 detached listings in the Burnaby South market area in October, 1.1% below last month and 16% lower vs October 2019. Detached sales increased by 2% month-over-month, to 41, and rose by 37% year-over-year. The sales-to-listings ratio increased to 24%, as Burnaby South’s detached market reflected seller’s market conditions. The benchmark price in October was $1.56M, 0.9% below the previous month but a 6% increase vs last year. The average sold price for detached homes was $1.78M, 5% higher month-over-month and 10% higher year-over-year.
VS
VS
VS
VS
VS
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No. 175
% Change
No. 206
% Change
TOTAL LISTINGS
173
-1.1%
-16% 37% 63%
TOTAL SALES
41
40
2% 4%
30
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
24%
23%
15%
$1,564,000 $1,577,600 -0.9% $1,473,100
6%
$1,776,212 $1,696,804
5% $1,611,797
10%
-
-
-
-
-
RATIO OF BENCHMARK PRICES ›
HISTORICAL TREND
›
SALES
TOTAL INVENTORY
BENCHMARK PRICE
MILLIONS
$1.56
$1.56
$1.56
$1.50
$1.50
$1.48
$1.47
2.01
1.94
1.90
206
1.22
1.20
188
1.19
173
168
147
142
127
41
30
26
24
21
21
8
Oct-19
Sep-20
Oct-20
TOTAL LISTINGS & SALES BY PRICE RANGE ›
SALES
TOTAL INVENTORY
S L RATIO
. . . 0 0 0 0 0 QD QD QD S-L RATIO SALES INVENTORY SELLER'S MARKET BALANCED BUYER'S MARKET
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 All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies.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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