rennie review - February 2020

TOWNHOME  JANUARY  burnaby north

AVERAGE PRICE

AVERAGE PSF PRICE

BENCHMARK PRICE

TOTAL LISTINGS

SALES

SALES TO LISTING RATIO

MARKET SUMMARY ›

32 % UP

26 % UP

0.4 % DOWN

41 % DOWN

0.0 %

SELLER’S 36 %

The number of townhome listings in Burnaby North decreased 14% from last month, settling at 36, and was 41% below January 2019. Townhome sales, at 13, were down by 4 vs last month and unchanged vs January 2019. The sales-to-listings ratio decreased to 36% in January, as Burnaby North’s townhome segment remained a seller’s market. The benchmark price in January was $720,700, 0.5% below December and relatively unchanged vs January 2019. The average sold price was $802,962 in January, (increasing 13% vs December) while the average PSF sales price was $602 (increasing 15%).

VS 

VS 

VS 

VS 

VS 

PREVIOUS MONTH

PREVIOUS YEAR

THIS MONTH No.

No.

% Change

No.

% Change

TOTAL LISTINGS

36 13

42 17

-14% -24% -11%

61 13

-41% 0.0% 69% -0.4%

TOTAL SALES

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

36%

40%

21%

$720,700 $724,200 $802,962 $711,706

-0.5% $723,900 13% $609,808

32% 26%

$602

$523

15%

$479

AVG PRICE PER SQUARE FOOT ›

HISTORICAL TREND

SALES TOTAL INVENTORY BENCHMARK PRICE

$723,900 $726,000 $730,300 $723,100 $729,500 $728,500 $720,700

80

75

68

65

61

59

36

19

17

15

14

13

13

12

BURNABY NORTH REBGV

TOTAL LISTINGS & SALES BY PRICE RANGE

NUMBER OF BEDROOMS

SALES TOTAL INVENTORY SL RATIO

SALES TOTAL INVENTORY



SELLER'S MARKET

  



BALANCED



4+ bdrms

BUYER'S MARKET

2







9

3 bdrms





18





4



<3 bdrms

. . . . 0 0 0 0 QD   QD   QD QD                

16

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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