condo
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 3 % DOWN
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
10 % DOWN
7 % DOWN
186 % UP
17 % DOWN
BALANCED 18 %
The number of condo listings in Burnaby South, at 358, decreased 0.6% month-over-month but jumped 186% vs last year. February’s condo sales, at 64, were 60% above last month and 17% below last year. The sales-to-listings ratio increased to 18% in February, as Burnaby South’s condo segment transi- tioned to balanced market territory. The condo benchmark price in February was $689,400, virtually unchanged from January and a 3% decrease from February 2018. The average sold price was $574,369 (0.5% below January) with an average PSF sales price of $722 (virtually unchanged from January).
VS 2018
VS 2018
VS 2018
VS 2018
VS 2018
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No. 360
% Change
No. 125
% Change
TOTAL LISTINGS
358
-0.6%
186% -17% -71%
TOTAL SALES
64
40
60% 61%
77
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
18%
11%
62%
$689,400 $687,900 $574,369 $571,525
0.2% $710,100 0.5% $637,659 -0.3% $774
-3%
-10%
$722
$724
-7%
AVG PRICE PER SQUARE FOOT ›
HISTORICAL TREND
›
SALES TOTAL INVENTORY BENCHMARK PRICE
$710,100 $715,800 $737,000 $717,800 $701,400 $685,700 $689,400
358
352
317
288
240
175
125
77
64
68
67
65
50
39
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
3+ bdrms
BUYER'S MARKET
23
39
2 bdrms
239
25
<2 bdrms
. . . . 0 0 0 0 QD QD QD QD
96
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 The information may change and any property described in the information may be withdrawn from the market at any time without notice or obligation to the recipient from RAR & RMS.
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