DETACHED JANUARY burnaby south
AVERAGE PRICE
AVERAGE PSF PRICE
BENCHMARK PRICE 3 % DOWN
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
23 % DOWN
4 % DOWN
-
75 % UP
10 %
There were 135 detached listings in the Burnaby South market area in January, 9% above last month but 23% lower vs January 2019. Detached sales fell by 7, to 14, between December and January, but were 6 higher year-over-year. The sales-to-listings ratio decreased to 10%, as Burnaby South’s detached market transitioned to buyer’s market territory. The benchmark price in January was $1.49M, rela- tively unchanged from the previous month but a 3% decline vs last year. The average sold price for detached homes was $1.46M, 17% lower month-over-month and 4% below January of last year.
VS
VS
VS
VS
VS
BUYER’S
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No. 124
% Change
No. 175
% Change
TOTAL LISTINGS
135
9%
-23% 75% 127%
TOTAL SALES
14
21
-33% -39%
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SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
10%
17%
5%
$1,493,500 $1,494,500 -0.1% $1,533,700 $1,455,966 $1,757,965 -17% $1,517,153
-3% -4%
-
-
-
-
-
RATIO OF BENCHMARK PRICES ›
HISTORICAL TREND
›
SALES TOTAL INVENTORY BENCHMARK PRICE
MILLIONS
$1.55
$1.53
$1.51
$1.49
$1.49
$1.48
$1.46
1.96
1.94
1.93
242
225
224
213
178
175
1.17
1.16
1.15
135
40
32
23
23
21
14
8
Jan-19
Dec-19
Jan-20
TOTAL LISTINGS & SALES BY PRICE RANGE ›
SALES TOTAL INVENTORY S L RATIO
SELLER'S MARKET
BALANCED
BUYER'S MARKET
. . . 0 0 0 0 0 QD QD QD QD QD
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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