condo
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 7 % DOWN
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
1.3 % DOWN
4 % DOWN
SELLER’S 25 %
1.0 % UP
162 % UP
There were 220 condo listings in Burnaby North in February, 7% below January but 162% higher than in February 2018. February condo sales increased by 20 (to 54) month- over-month but were 2 below February 2018. The sales-to-listings ratio for condos in Burnaby North increased to 25%, transitioning to a seller’s market. The condo benchmark price in February was $599,900, 1.1% below January and 7% lower than in February 2018. The average sold price was $580,857, up 7% from last month; the average PSF sales price was $702, 3% above last month.
VS 2018
VS 2018
VS 2018
VS 2018
VS 2018
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No. 237
% Change
No.
% Change
TOTAL LISTINGS
220
-7% 59% 71%
84 56
162%
TOTAL SALES
54
34
-4%
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
25%
14%
67%
-63%
$599,900 $606,400 $580,857 $541,373
-1.1% $642,500 7% $588,603
-7%
-1.3% 1.0%
$702
$683
3%
$695
AVG PRICE PER SQUARE FOOT ›
HISTORICAL TREND
›
SALES TOTAL INVENTORY BENCHMARK PRICE
$642,500 $640,400 $656,100 $650,900 $631,200 $619,100 $599,900
257
220
211
211
181
115
84
82
69
56
54
47
46
31
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
5
3+ bdrms
BUYER'S MARKET
21
28
2 bdrms
146
21
<2 bdrms
. . . . 0 0 0 0 QD QD QD
53
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 The information may change and any property described in the information may be withdrawn from the market at any time without notice or obligation to the recipient from RAR & RMS.
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