the rennie review - March 2019

townhome

B U R N A B Y S O U T H - F E B R U A R Y 2 0 1 9

AVERAGE PRICE

AVERAGE PSF PRICE

BENCHMARK PRICE

TOTAL LISTINGS

SALES

SALES TO LISTING RATIO

MARKET SUMMARY ›

14 % DOWN

0.0 %

150 % UP

71 % DOWN

BUYER’S 9 %

5 % DOWN

Townhome listings in the Burnaby South market area in February (at 80) were up 4% from last month and 150% above last year. The 7 townhome sales were unchanged from January and 17 lower than in February 2018. The sales-to-listings ratio remained at 9%, as Burnaby South’s townhome segment was favourable to buyer’s. The benchmark price in February was $807,300, 1.8% above January and virtually unchanged from February 2018. The average sold price was $746,000 (down 7% from January) with an average PSF sales price of $599 (up 0.8% from January).

VS 2018

VS 2018

VS 2018

VS 2018

VS 2018

PREVIOUS MONTH

PREVIOUS YEAR

THIS MONTH No.

No.

% Change

No.

% Change

TOTAL LISTINGS

80

77

4%

32 24

150% -71% -88% 0.0%

TOTAL SALES

7

7

0.0%

SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF

9%

9%

-4%

75%

$807,300 $792,800 $746,000 $802,286

1.8% $807,600 -7% $784,754

-5%

$599

$594

0.8%

$696

-14%

AVG PRICE PER SQUARE FOOT ›

HISTORICAL TREND

SALES TOTAL INVENTORY BENCHMARK PRICE

$807,600 $834,900 $856,400 $841,600 $811,100 $790,800 $807,300

80

73

67

62

53

41

32

19

18

13

11

24

7

3

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



1

4+ bdrms

BUYER'S MARKET

8





1

3 bdrms



39



 



5



<3 bdrms

. . . . 0 0 0 0 QD     QD QD QD                

33

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 The information may change and any property described in the information may be withdrawn from the market at any time without notice or obligation to the recipient from RAR & RMS.

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