CONDO - MAY 2019 burnaby north
AVERAGE PRICE
AVERAGE PSF PRICE
BENCHMARK PRICE 5 % DOWN
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
5 % DOWN
6 % DOWN
10 % DOWN
105 % UP
SELLER’S 24 %
There were 304 condo listings in Burnaby North in May, 2% below April but 105% higher than in May 2018. May condo sales increased by 76% month-over- month but were 10% below May 2018. The sales-to-listings ratio for condos in Burnaby North increased to 24%, transitioning to a seller’s market. The condo benchmark price in May was $615,100, 0.5% above April but 5% lower than in May 2018. The average sold price was $584,988, down 7% from last month; the average PSF sales price was $669, virtually unchanged from last month.
VS 2018
VS 2018
VS 2018
VS 2018
VS 2018
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No. 311
% Change
No. 148
% Change
TOTAL LISTINGS
304
-2% 76% 80%
105% -10% -56%
TOTAL SALES
72
41
80
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
24%
13%
54%
$615,100 $611,800 $584,988 $625,942
0.5% $650,200 -7% $617,536 -0.1% $711
-5% -5% -6%
$669
$670
AVG PRICE PER SQUARE FOOT ›
HISTORICAL TREND
›
SALES TOTAL INVENTORY BENCHMARK PRICE
$650,200 $661,000 $644,600 $632,200 $606,400 $602,900 $615,100
304
265
264
238
239
201
148
80
72
54
48
47
46
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
5
3+ bdrms
BUYER'S MARKET
22
46
2 bdrms
204
21
<2 bdrms
. . . . 0 0 0 0 QD QD QD
78
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 The information may change and any property described in the information may be withdrawn from the market at any time without notice or obligation to the recipient from RAR & RMS.
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