CONDO APRI L burnaby east
AVERAGE PRICE
AVERAGE PSF PRICE
BENCHMARK PRICE 6 % DOWN
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
13 % DOWN
55 % DOWN
1.1 % UP
25 % UP
BALANCED 14 %
The number of condo listings in Burnaby East in April was unchanged month-over-month (at 35) and jumped 25% year-over-year. At 5, condo sales increased by 2 month-over-month but dropped by 6 year-over-year. The sales-to-listings ratio increased to 14% in April as Burnaby East’s condo market became balanced. The condo benchmark price in April was $754,900, 4% above last month but 6% lower year-over-year. The average sold price for condos increased 14% month-over-month (to $561,000) while the average PSF sales price jumped 16% (to $690).
VS
VS
VS
VS
VS
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No.
% Change
No.
% Change
TOTAL LISTINGS
35
35
0.0% 67% 67%
28 11
25% -55% -64% 1.1% -13% -6%
TOTAL SALES
5
3
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
14%
9%
39%
$754,900 $722,500 $561,000 $493,000
4% $805,700 14% $554,794
$690
$597
16%
$794
AVG PRICE PER SQUARE FOOT ›
HISTORICAL TREND
›
SALES TOTAL INVENTORY BENCHMARK PRICE
$805,700 $802,600 $782,800 $761,400 $770,300
$718,900 $754,900
35
34
33
30
28
28
26
11
9
9
7
6
6
5
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
3+ bdrms
BUYER'S MARKET
2
3
2 bdrms
22
2
<2 bdrms
. . . . 0 0 0 0 QD QD QD QD QD QD
11
S-L RATIO SALES INVENTORY
CurrentasofMay3,2019.Alldata from theRealEstateBoardofGreaterVancouverandFraserValley.The information setoutherein (the “Information”) is intended for informationalpurposesonly.RAR&RMShasnotverified the 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 The information may change and any property described in the information may be withdrawn from the market at any time without notice or obligation to the recipient from RAR & RMS.
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