townhome
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 5 % DOWN
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
0.5 % UP
74 % UP
8 % DOWN
8 % DOWN
BALANCED 20 %
The number of townhome listings in Burnaby North decreased 10% from last month, settling at 54, but was 74% above February 2018. Townhome sales, at 11, were down 15% vs last February and 8% below January 2019. The sales-to-listings ratio for townhomes dipped to 20% in February, as Burnaby North’s townhome segment transitioned to balanced market conditions. The benchmark price in February was $715,300, 1.2% lower than January and 5% below February 2018. The average sold price was $672,341 in February, (increasing 10% vs January) while the average PSF sales price was $517 (increasing 8%).
VS 2018
VS 2018
VS 2018
VS 2018
VS 2018
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No.
% Change
No.
% Change
TOTAL LISTINGS
54 11
60 13
-10% -15%
31 12
74% -8% -47%
TOTAL SALES
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
20%
22%
-6%
39%
$715,300 $723,900 $672,341 $609,808
-1.2% $752,000 10% $669,083
-5%
0.5%
$517
$479
8%
$560
-8%
AVG PRICE PER SQUARE FOOT ›
HISTORICAL TREND
›
SALES TOTAL INVENTORY BENCHMARK PRICE
$752,000 $757,700 $777,000 $766,200 $761,100 $724,400 $715,300
63
57
54
54
49
38
31
19
17
4
12
11
11
10
BURNABY NORTH REBGV
TOTAL LISTINGS & SALES BY PRICE RANGE
NUMBER OF BEDROOMS
›
›
SALES TOTAL INVENTORY S-L RATIO
SALES TOTAL INVENTORY
SELLER'S MARKET
BALANCED
1
4+ bdrms
BUYER'S MARKET
6
6
3 bdrms
22
4
<3 bdrms
. . . . 0 0 0 0 QD QD QD QD QD
26
S-L RATIO SALES INVENTORY
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 The information may change and any property described in the information may be withdrawn from the market at any time without notice or obligation to the recipient from RAR & RMS.
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