DETACHED - MAY 2019 burnaby north
AVERAGE PRICE
AVERAGE PSF PRICE
BENCHMARK PRICE 11 % DOWN
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
3 % UP
13 % DOWN
13 % DOWN
-
BALANCED 14 %
The number of detached listings in Burnaby North in May, at 243, was 3% higher month-over-month and year-over-year. With 33 in May, detached sales were up 9 month- over-month but 5 below last year. The sales-to-listings ratio increased to 14%, as Burnaby North’s detached market became balanced. The benchmark price in May was $1.41M, 1.1% above April 2019 but 11% lower than in May 2018. The average sold price was $1.43M, down 2% from the previous month and 13% below May 2018.
VS 2018
VS 2018
VS 2018
VS 2018
VS 2018
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No. 235
% Change
No. 236
% Change
TOTAL LISTINGS
243
3%
3%
TOTAL SALES
33
24
38% 33%
38
-13% -16%
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
14%
10%
16%
$1,407,600 $1,392,600 1.1% $1,575,100 -11%
$1,428,875 $1,458,500
-2% $1,644,116 -13%
-
-
-
-
-
RATIO OF BENCHMARK PRICES ›
HISTORICAL TREND
›
SALES TOTAL INVENTORY BENCHMARK PRICE
(MILLIONS)
$1.58
$1.56
$1.50
$1.47
2.42
$1.42
$1.41
$1.41
2.29
2.28
2.05
248
1.96
1.93
240
243
239
236
217
189
38
33
22
19
15
15
12
May-18
Apr-19
May-19
TOTAL LISTINGS & SALES BY PRICE RANGE ›
SALES TOTAL INVENTORY S-L RATIO
. . . 0 0 0 0 0 QD QD QD QD S-L RATIO SALES INVENTORY SELLER'S MARKET BALANCED BUYER'S MARKET
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 The information may change and any property described in the information may be withdrawn from the market at any time without notice or obligation to the recipient from RAR & RMS.
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