CONDO - MAY 2019 burnaby east
AVERAGE PRICE
AVERAGE PSF PRICE
BENCHMARK PRICE 7 % DOWN
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
5 % UP
21 % UP
4 % DOWN
55 % DOWN
BALANCED 14 %
The number of condo listings in Burnaby East in May dipped 3% month-over-month (to 35) and jumped 21% year-over-year. At 5, condo sales were unchanged month-over- month but dropped by 6 year-over-year. The sales-to-listings ratio remained at 14% in May as Burnaby East’s condo market was balanced. The condo benchmark price in May was $748,100, 0.9% below last month and 7% lower year-over-year. The average sold price for condos increased 7% month-over-month (to $598,800) while the average PSF sales price rose 3% (to $712).
VS 2018
VS 2018
VS 2018
VS 2018
VS 2018
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No.
% Change
No.
% Change
TOTAL LISTINGS
35
36
-3%
29 11
21% -55% -62%
TOTAL SALES
5
5
0.0%
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
14%
14%
3%
38%
$748,100 $754,900 $598,800 $561,000
-0.9% $801,500 7% $568,491
-7%
5%
$712
$690
3%
$742
-4%
AVG PRICE PER SQUARE FOOT ›
HISTORICAL TREND
›
SALES TOTAL INVENTORY BENCHMARK PRICE
$801,500 $787,700 $767,600 $762,400 $743,900 $722,500 $748,100
39
35
35
32
30
29
29
11
10
6
6
5
3
2
BURNABY EAST
REBGV
TOTAL LISTINGS & SALES BY PRICE RANGE
NUMBER OF BEDROOMS
›
›
SALES TOTAL INVENTORY S-L RATIO
SALES TOTAL INVENTORY
SELLER'S MARKET
BALANCED
1
3+ bdrms
BUYER'S MARKET
2
2
2 bdrms
21
2
<2 bdrms
. . . . 0 0 0 0 QD QD QD QD QD QD
12
S-L RATIO SALES INVENTORY
CurrentasofJune4,2019.Alldata from theRealEstateBoardofGreaterVancouverandFraserValley.The informationsetoutherein (the“Information”) is intended for informationalpurposesonly.RAR&RMShasnotverifiedthe informationanddoesnot represent,warrantorguarantee theaccuracy,correctnessandcompletenessof the information.RAR&RMSdoesnotassumeany responsibilityor liabilityofanykind inconnectionwith the informationand the recipient’s relianceupon the information.The recipientof the information should take stepsas the recipient may deem necessary to verify the information prior to placing any reliance upon the information. The information may change and any property described in the information may be withdrawn from the market at any time without notice or obligation to the recipient from RAR & RMS.
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