rennie review - February 2020

DETACHED  JANUARY  burnaby north

AVERAGE PRICE

AVERAGE PSF PRICE

BENCHMARK PRICE 0.1 % UP

TOTAL LISTINGS

SALES

SALES TO LISTING RATIO

MARKET SUMMARY ›

43 % DOWN

4 % UP

-

60 % UP

SELLER’S 24 %

The number of detached listings in Burnaby North in January, at 102, was 7% higher month-over- month but 43% lower year-over-year. With 24 in January, detached sales were up by 1 month-over-month and 9 above last year. The sales-to-listings ratio remained at 24%, as Burnaby North’s detached market was balanced. The benchmark price in January was $1.42M, 2% above December 2019 and relatively unchanged vs January 2019. The average sold price was $1.48M, down 9% from the previous month but 4% above January 2019.

VS 

VS 

VS 

VS 

VS 

PREVIOUS MONTH

PREVIOUS YEAR

THIS MONTH No.

No.

% Change

No. 179

% Change

TOTAL LISTINGS

102

95 23

7% 4%

-43% 60% 181%

TOTAL SALES

24

15 8%

SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF

24%

24%

-3%

$1,416,400 $1,389,000 $1,476,146 $1,623,435

2% $1,415,300 0.1%

-9% $1,421,380

4%

-

-

-

-

-

RATIO OF BENCHMARK PRICES ›

HISTORICAL TREND

SALES TOTAL INVENTORY BENCHMARK PRICE

MILLIONS

$1.42

$1.42

$1.41

$1.41

$1.38

$1.37

$1.35

1.97

1.96

1.92

248

239

206

201

179

1.21

1.19

1.19

154

102

39

33

33

27

24

15

15

Jan-19

Dec-19

Jan-20

TOTAL LISTINGS & SALES BY PRICE RANGE ›

SALES TOTAL INVENTORY SL RATIO

     

  

SELLER'S MARKET



BALANCED

BUYER'S MARKET





 



. . . 0 0 0 0 0 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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