CONDO OCTOBER burnaby south
AVERAGE PRICE
AVERAGE PSF PRICE
BENCHMARK PRICE 2 % UP
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
14 % UP
4 % UP
1.8 % DOWN
0.7 % UP
SELLER’S 23 %
The number of condo listings in Burnaby South, at 444, decreased 5% month-over-month but were 14% above last year. October’s condo sales, at 101, were 2% above last month and 4% higher vs last year. The sales-to-listings ratio increased to 23% in October, as Burnaby South’s condo segment remained a seller’s market. The condo benchmark price in October was $661,000, up 0.2% from September and 2% higher vs October 2019. The average sold price was $596,330 with an average PSF sales price of $728 (down 8% and 4%, respectively, vs September).
VS
VS
VS
VS
VS
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No. 466
% Change
No. 389
% Change
TOTAL LISTINGS
444 101 23%
-5%
14%
TOTAL SALES
99
2% 7%
97
4%
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
21%
25%
-9%
$661,000 $659,500 $596,330 $651,094
0.2% $645,300 -8% $607,428
2%
-1.8% 0.7%
$728
$758
-4%
$723
AVG PRICE PER SQUARE FOOT ›
HISTORICAL TREND
›
SALES
TOTAL INVENTORY
BENCHMARK PRICE
$645,300 $650,800 $676,400 $672,700 $670,500 $656,300 $661,000
444
429
389
320
267
258
229
101
97
87
81
69
57
33
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
5
3+ bdrms
BUYER'S MARKET
55
65
2 bdrms
292
31
<2 bdrms
. . . . 0 0 0 0 QD QD QD QD
97
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 All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies.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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