DETACHED APRI L burnaby south
AVERAGE PRICE
AVERAGE PSF PRICE
BENCHMARK PRICE
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
41 % DOWN
65 % DOWN
1.5 % UP
-
1.9 % DOWN
6 %
There were 131 detached listings in the Burnaby South market area in April, 4% below last month and 41% lower vs April 2019. Detached sales fell by 24 month-over-month, to 8, and fell by 15 year-over-year. The sales-to-listings ratio decreased to 6%, as Burnaby South’s detached market transitioned to buyer’s market territory. The benchmark price in April was $1.50M, 0.6% above the previous month but a 1.9% decline vs last year. The average sold price for detached homes was $1.59M, 10% lower month-over-month but 1.5% higher year-over-year.
VS
VS
VS
VS
VS
BUYER’S
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No. 136
% Change
No. 222
% Change
TOTAL LISTINGS
131
-4%
-41% -65% -41%
TOTAL SALES
8
32
-75% -74%
23
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
6%
24%
10%
$1,502,400 $1,493,500 0.6% $1,531,100 -1.9% $1,586,816 $1,761,335 -10% $1,562,761 1.5%
-
-
-
-
-
RATIO OF BENCHMARK PRICES ›
HISTORICAL TREND
›
SALES
TOTAL INVENTORY
BENCHMARK PRICE
MILLIONS
$1.53
$1.50
$1.50
$1.49
$1.48
$1.47
$1.47
1.99
1.94
1.93
242
225
222
206
1.16
1.14
1.13
147
131
127
30
26
23
21
21
19
8
Apr-19
Mar-20
Apr-20
TOTAL LISTINGS & SALES BY PRICE RANGE ›
SALES
TOTAL INVENTORY
SL RATIO
SELLER'S MARKET
BALANCED
BUYER'S MARKET
. . . 0 0 0 0 0 QD QD QD QD QD QD
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 May 5, 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 All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies.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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