detached
B U R N A B Y N O R T H - F E B R U A R Y 2 0 1 9
AVERAGE PRICE
AVERAGE PSF PRICE
BENCHMARK PRICE 9 % DOWN
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
8 % DOWN
3 % DOWN
10 % DOWN
-
10 %
The number of detached listings in Burnaby north in February, at 192, was 2% higher than last month but 3% below February 2018. With 19 in February, detached sales were up 4 month-over-month but 2 below last year. The sales-to-listings ratio increased to 10%, remaining a buyer’s market for detached product in Burnaby North. The benchmark price in February was $1.40M, 1.0% below January 2019 and 9% lower than in February 2018. The average sold price was $1.57M, up 10% from the previous month but 8% below February 2018.
VS 2018
VS 2018
VS 2018
VS 2018
VS 2018
BUYER’S
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No. 188
% Change
No. 197
% Change
TOTAL LISTINGS
192
2%
-3%
TOTAL SALES
19
15 8%
27% 24%
21
-10%
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
10%
11%
-7% -9% -8%
$1,400,800 $1,415,300 -1.0% $1,532,700
$1,565,105 $1,421,380
10% $1,702,882
-
-
-
-
-
RATIO OF BENCHMARK PRICES ›
HISTORICAL TREND
›
SALES TOTAL INVENTORY BENCHMARK PRICE
(MILLIONS)
$1.60
$1.54
$1.53
$1.50
$1.49
2.39
$1.45
2.34
2.33
$1.40
2.04
1.96
1.96
249
243
232
231
192
197
181
25
22
21
19
19
18
14
Feb-18
Jan-19
Feb-19
TOTAL LISTINGS & SALES BY PRICE RANGE ›
SALES TOTAL INVENTORY S-L RATIO
. . . 0 0 0 0 0 QD QD QD QD S-L RATIO SALES INVENTORY SELLER'S MARKET BALANCED BUYER'S MARKET
CurrentasofMarch5,2019.Alldata from theRealEstateBoardofGreaterVancouverandFraserValley.The informationsetoutherein (the“Information”) is intended for informationalpurposesonly.RAR&RMShasnotverified the informationanddoesnot represent,warrantorguarantee theaccuracy,correctnessandcompletenessof the information.RAR&RMSdoesnotassumeany responsibilityor liabilityofanykind inconnectionwith the informationand the recipient’s relianceupon the information.The recipientof the information should take stepsas the recipient may deem necessary to verify the information prior to placing any reliance upon the information. The information may change and any property described in the information may be withdrawn from the market at any time without notice or obligation to the recipient from RAR & RMS.
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