CONDO - NOVEMBER 2019 burnaby south
AVERAGE PRICE
AVERAGE PSF PRICE
BENCHMARK PRICE 6 % DOWN
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
13 % DOWN
1.2 % UP
1.8 % UP
120 % UP
SELLER’S 34 %
The number of condo listings in Burnaby South, at 319, decreased 16% month-over-month and fell 13% vs last year. November’s condo sales, at 110, were 13% above last month and 120% higher than last year. The sales-to-listings ratio increased to 34% in November, as Burnaby South’s condo segment remained in seller’s market territory. The condo benchmark price in November was $647,300, relatively unchanged vs October but a 6% decrease from November 2018. The average sold price was $628,843 with an average PSF sales price of $750 (both 4% higher vs October, respectively).
VS 2018
VS 2018
VS 2018
VS 2018
VS 2018
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No. 381
% Change
No. 368
% Change
TOTAL LISTINGS
319 110 34%
-16% 13% 35%
-13% 120% 154%
TOTAL SALES
97
50
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
25%
14%
$647,300 $645,300 $628,843 $607,428
0.3% $689,900 4% $621,282
-6%
1.2% 1.8%
$750
$723
4%
$737
AVG PRICE PER SQUARE FOOT ›
HISTORICAL TREND
›
SALES TOTAL INVENTORY BENCHMARK PRICE
$689,900 $687,900 $681,400 $676,400 $653,500 $654,500 $647,300
460
435
425
401
368
364
319
110
88
77
73
61
50
40
BURNABY SOUTH REBGV
TOTAL LISTINGS & SALES BY PRICE RANGE
NUMBER OF BEDROOMS
›
›
SALES TOTAL INVENTORY S-L RATIO
SALES TOTAL INVENTORY
SELLER'S MARKET
BALANCED
5
3+ bdrms
BUYER'S MARKET
43
71
2 bdrms
208
34
<2 bdrms
. . . . 0 0 0 0 QD
68
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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