the rennie review - May 2019

TOWNHOME  APRI L  burnaby south

AVERAGE PRICE

AVERAGE PSF PRICE

BENCHMARK PRICE 8 % DOWN

TOTAL LISTINGS

SALES

SALES TO LISTING RATIO

MARKET SUMMARY ›

16 % DOWN

139 % UP

BALANCED 12 %

16 % DOWN

33 % DOWN

Townhome listings in the Burnaby South market area in April (at 98) were up 2% from last month and 139% above last year. The 12 townhome sales were unchanged from March but 6 lower than in April 2018. The sales-to-listings ratio dipped to 12%, as Burnaby South’s townhome segment remained in a balanced market. The benchmark price in April was $769,000, 1.3% below March and 8% lower than in April 2018. The average sold price was $729,958 (down 7% from March) with an average PSF sales price of $630 (up 1.6% from March).

VS 

VS 

VS 

VS 

VS 

PREVIOUS MONTH

PREVIOUS YEAR

THIS MONTH No.

No.

% Change

No.

% Change

TOTAL LISTINGS

98 12

96 12

2%

41 18

139% -33% -72%

TOTAL SALES

0.0%

SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF

12%

13%

-2%

44%

$769,000 $779,500 $729,958 $782,750

-1.3% $834,900 -7% $865,233

-8%

-16% -16%

$630

$620

1.6%

$748

AVG PRICE PER SQUARE FOOT ›

HISTORICAL TREND

SALES TOTAL INVENTORY BENCHMARK PRICE

$834,900 $856,400 $841,600 $811,100 $790,800 $807,300 $769,000

98

84

73

67

62

53

41

19

18

13

12

11

7

3

BURNABY SOUTH REBGV

TOTAL LISTINGS & SALES BY PRICE RANGE

NUMBER OF BEDROOMS

SALES TOTAL INVENTORY SL RATIO

SALES TOTAL INVENTORY



  

SELLER'S MARKET





BALANCED

1

4+ bdrms



BUYER'S MARKET

10





4

3 bdrms



48









 

7



<3 bdrms

. . . . 0 0 0 0      QD QD QD                

40

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 The information may change and any property described in the information may be withdrawn from the market at any time without notice or obligation to the recipient from RAR & RMS.

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