CONDO - NOVEMBER 2019 burnaby north
AVERAGE PRICE
AVERAGE PSF PRICE 6 % UP
BENCHMARK PRICE 6 % DOWN
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
6 % UP
23 % DOWN
79 % UP
SELLER’S 43 %
There were 201 condo listings in Burnaby North in November, 26% below October and 23% lower vs November 2018. November condo sales decreased by 7% month- over-month but rose 79% year-over-year. The sales-to-listings ratio for condos in Burnaby North increased to 43%, remaining a seller’s market. The condo benchmark price in November was $595,900, 0.9% above October but 6% lower than in November 2018. The average sold price was $601,985, up 1.3% from last month; the average PSF sales price was $704, up 3% from last month.
VS 2018
VS 2018
VS 2018
VS 2018
VS 2018
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No. 271
% Change
No. 261
% Change
TOTAL LISTINGS
201
-26% -7% 26%
-23% 79% 133%
TOTAL SALES
86
92
48
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
43%
34%
18%
$595,900 $590,300 $601,985 $594,428
0.9% $632,200 1.3% $565,313
-6%
6% 6%
$704
$683
3%
$664
AVG PRICE PER SQUARE FOOT ›
HISTORICAL TREND
›
SALES TOTAL INVENTORY BENCHMARK PRICE
$632,200 $606,400 $602,900 $615,100 $609,500 $591,400 $595,900
324
316
309
263
261
236
201
86
84
73
72
48
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
3
3+ bdrms
BUYER'S MARKET
21
62
2 bdrms
133
21
<2 bdrms
. . . . 0 0 0 0 QD QD
47
S-L RATIO SALES INVENTORY
Copyright © 2019 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 December 4, 2019. All data from RealEstateBoard ofGreaterVancouverandFraserValley & 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 All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies.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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