CONDO JANUARY burnaby north
AVERAGE PRICE
AVERAGE PSF PRICE 7 % UP
BENCHMARK PRICE 0.1 % UP
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
15 % UP
33 % DOWN
62 % UP
SELLER’S 35 %
There were 157 condo listings in Burnaby North in January, 12% above December but 33% lower vs January 2019. January condo sales decreased by 13% month-over- month but rose 62% year-over-year. The sales-to-listings ratio for condos in Burnaby North decreased to 35%, remaining a seller’s market. The condo benchmark price in January was $606,900, 1.4% above December and relatively unchanged from January 2019. The average sold price was $622,159, up 1.9% from last month; the average PSF sales price was $732, up 0.5% from last month.
VS
VS
VS
VS
VS
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No. 140
% Change
No. 236
% Change
TOTAL LISTINGS
157
12% -13% -22%
-33% 62% 143% 0.1%
TOTAL SALES
55
63
34
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
35%
45%
14%
$606,900 $598,500 $622,159 $610,631
1.4% $606,400 1.9% $541,373
15%
$732
$728
0.5%
$683
7%
AVG PRICE PER SQUARE FOOT ›
HISTORICAL TREND
›
SALES TOTAL INVENTORY BENCHMARK PRICE
$606,400 $602,900 $615,100 $609,500 $591,400 $595,900 $606,900
324
316
308
263
236
219
157
86
84
73
72
55
47
34
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
19
33
2 bdrms
96
17
<2 bdrms
. . . . 0 0 0 0 QD QD QD
42
S-L RATIO SALES INVENTORY
Copyright © 2020 rennie group of companies. All rights reserved. This material may not be reproduced or distributed, in whole or in part, without the prior written permission of the rennie group of companies. Current as of February 5, 2020. All data from RealEstateBoardof Greater Vancouver and Fraser Valley & Rennie. While the information and data contained herein has been obtained from sources deemed reliable, accuracy cannot be guaranteed. rennie group of companies does not assume responsibility or liability for any inaccuracies. The recipient of the information should take steps as the recipient may deem necessary to verify the information prior to placing any reliance upon the information. The information contained within this report should not be used as an opinion of value, such opinions should and can be obtained from a rennie and associates advisor. All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies. E.&O.E.
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