CONDO JANUARY burnaby south
AVERAGE PRICE
AVERAGE PSF PRICE
BENCHMARK PRICE 4 % DOWN
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
4 % UP
34 % DOWN
1.5 % UP
55 % UP
SELLER’S 26 %
The number of condo listings in Burnaby South, at 240, increased 9% month-over-month but fell 34% vs last year. January’s condo sales, at 62, were 30% below last month but 55% higher than last year. The sales-to-listings ratio decreased to 26% in January, as Burnaby South’s condo segment remained in seller’s market territory. The condo benchmark price in January was $661,700, up 1.5% vs December but a 4% decrease from January 2019. The average sold price was $595,215 with an aver- age PSF sales price of $735 (7% and 1.3% lower vs December, respectively).
VS
VS
VS
VS
VS
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No. 221
% Change
No. 364
% Change
TOTAL LISTINGS
240
9%
-34% 55% 135%
TOTAL SALES
62
88
-30% -35%
40
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
26%
40%
11%
$661,700 $652,000 $595,215 $637,846
1.5% $687,900 -7% $571,525 -1.3% $724
-4%
4%
$735
$745
1.5%
AVG PRICE PER SQUARE FOOT ›
HISTORICAL TREND
›
SALES TOTAL INVENTORY BENCHMARK PRICE
$687,900 $681,400 $676,400 $653,500 $654,500 $647,300 $661,700
460
435
425
401
364
334
240
110
88
77
73
62
61
40
BURNABY SOUTH REBGV
TOTAL LISTINGS & SALES BY PRICE RANGE
NUMBER OF BEDROOMS
›
›
SALES TOTAL INVENTORY S L RATIO
SALES TOTAL INVENTORY
. . . . 0 0 0 0 QD QD QD SELLER'S MARKET BALANCED BUYER'S MARKET S-L RATIO SALES INVENTORY
4
3+ bdrms
27
36
2 bdrms
165
22
<2 bdrms
48
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 All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies.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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