CONDO - MAY 2019 burnaby south
AVERAGE PRICE
AVERAGE PSF PRICE 3 % UP
BENCHMARK PRICE 7 % DOWN
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
122 % UP
5 % DOWN
3 % DOWN
BALANCED 17 %
The number of condo listings in Burnaby South, at 441, increased 3% month-over-month and jumped 122% vs last year. May’s condo sales, at 77, were 33% above last month but 5% lower than last year. The sales-to-listings ratio increased to 17% in May, as Burnaby South’s condo segment remained in balanced market territory. The condo benchmark price in May was $676,400, virtually unchanged from April and a 7% decrease from May 2018. The average sold price was $642,401 (9% higher than in April) with an average PSF sales price of $774 (1.5% below April).
VS 2018
VS 2018
VS 2018
VS 2018
VS 2018
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No. 428
% Change
No. 199
% Change
TOTAL LISTINGS
441
3%
122%
TOTAL SALES
77
58
33% 29%
81
-5%
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
17%
14%
41%
-57%
$676,400 $679,200 $642,401 $587,962
-0.4% $729,000 9% $663,279 -1.5% $754
-7% -3%
$774
$786
3%
AVG PRICE PER SQUARE FOOT ›
HISTORICAL TREND
›
SALES TOTAL INVENTORY BENCHMARK PRICE
$729,000 $731,700 $709,800 $689,900 $687,900 $681,400 $676,400
441
405
372
368
317
294
199
81
77
61
51
50
46
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
2
3+ bdrms
BUYER'S MARKET
40
54
2 bdrms
298
21
<2 bdrms
. . . . 0 0 0 0 QD QD QD
103
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 The information may change and any property described in the information may be withdrawn from the market at any time without notice or obligation to the recipient from RAR & RMS.
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