DETACHED - MAY 2019 burnaby south
AVERAGE PRICE
AVERAGE PSF PRICE
BENCHMARK PRICE 10 % DOWN
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
-
4 % DOWN
13 % DOWN
21 % DOWN
BUYER’S 9 %
There were 245 detached listings in the Burnaby South market area in May, 5% above last month but 13% below May 2018. Detached sales remained at 23 between April and May, and were 6 lower year-over-year. The sales-to-listings ratio dipped to 9%, as Burnaby South’s detached market remained in buyer’s market territory. The benchmark price in May was $1.51M, 1.5% below the previous month and a 10% decline vs last year. The average sold price for detached homes was $1.64M, 5% above April but 4% lower than this time last year.
VS 2018
VS 2018
VS 2018
VS 2018
VS 2018
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No. 234
% Change
No. 281
% Change
TOTAL LISTINGS
245
5%
-13% -21%
TOTAL SALES
23 9%
23
0.0%
29
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
10%
-4%
10%
-9%
$1,508,100 $1,531,100 -1.5% $1,671,100 -10%
$1,643,653 $1,562,761
5% $1,709,017
-4%
-
-
-
-
-
RATIO OF BENCHMARK PRICES ›
HISTORICAL TREND
›
SALES TOTAL INVENTORY BENCHMARK PRICE
(MILLIONS)
$1.69
$1.67
$1.61
$1.59
$1.55
2.29
$1.53
2.25
$1.51
2.23
1.99
1.99
1.93
287
281
257
245
240
227
188
29
23
21
21
18
15
8
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 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 The information may change and any property described in the information may be withdrawn from the market at any time without notice or obligation to the recipient from RAR & RMS.
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