condo
B U R N A B Y E A S T - F E B R U A R Y 2 0 1 9
AVERAGE PRICE
AVERAGE PSF PRICE
BENCHMARK PRICE 10 % DOWN
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
13 % DOWN
6 % DOWN
45 % DOWN
37 % UP
SELLER’S 23 %
The number of condo listings in Burnaby East in February decreased 19% month-over-month but increased 37% year-over-year. At 6, condo sales remained the same month-over- month and fell by 5 year-over-year. The sales-to-listings ratio increased to 23% in February as the Burnaby East condo market became favourable to seller’s. The condo benchmark price in February was $718,900, 3% below last month and 10% lower year-over-year. The average sold price for condos decreased 18% month-over-month (to $543,583) while the average PSF sales price dropped 3% (to $707).
VS 2018
VS 2018
VS 2018
VS 2018
VS 2018
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No.
% Change
No.
% Change
TOTAL LISTINGS
26
32
-19% 0.0% 23%
19 11
37% -45% -60% -10% -13%
TOTAL SALES
6
6
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
23%
19%
58%
$718,900 $743,900 $543,583 $660,433
-3% $795,500 -18% $624,082
$707
$727
-3%
$755
-6%
AVG PRICE PER SQUARE FOOT ›
HISTORICAL TREND
›
SALES TOTAL INVENTORY BENCHMARK PRICE
$795,500 $805,700 $802,600 $782,800 $761,400 $770,300
$718,900
34
33
30
28
26
26
19
11
11
9
9
7
6
6
BURNABY EAST
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
1
4
2 bdrms
16
2
<2 bdrms
. . . . 0 0 0 0 QD QD QD QD QD QD
9
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 The information may change and any property described in the information may be withdrawn from the market at any time without notice or obligation to the recipient from RAR & RMS.
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