the rennie review - May 2019

TOWNHOME  APRI L  burnaby east

AVERAGE PRICE

AVERAGE PSF PRICE

BENCHMARK PRICE 6 % DOWN

TOTAL LISTINGS

SALES

SALES TO LISTING RATIO

MARKET SUMMARY ›

191 % UP

BUYER’S 9 %

73 % DOWN

6 % UP

19 % DOWN

The number of townhome listings in Burnaby East rose to 32 in April, 45% above March and 191% higher than in April 2018. Townhome sales, at 3, were 6 below last month and 8 lower than last year. The sales-to-listings ratio dropped to 9%, as Burnaby East’s townhome market transitioned to buyer’s market territory. The benchmark price in April was $656,500, 2% below the previous month and 6% lower vs April 2018. The average sold price was $759,933 (8% higher than last month) with an average PSF sales price of $523 (9% below last month).

VS 

VS 

VS 

VS 

VS 

PREVIOUS MONTH

PREVIOUS YEAR

THIS MONTH No.

No.

% Change

No.

% Change

TOTAL LISTINGS

32

22

45% -67% -77%

11 11

191% -73% -91%

TOTAL SALES

3

9

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

9%

41%

100%

$656,500 $671,400 $759,933 $702,667

-2% $699,300 8% $718,909

-6%

6%

$523

$575

-9%

$649

-19%

AVG PRICE PER SQUARE FOOT ›

HISTORICAL TREND

SALES TOTAL INVENTORY BENCHMARK PRICE

$699,300 $717,400 $712,800 $712,300 $696,300 $687,100 $656,500

32

32

29

26

21

18

11 11

6

6

4

3

3

1

BURNABY EAST

REBGV

TOTAL LISTINGS & SALES BY PRICE RANGE

NUMBER OF BEDROOMS

SALES TOTAL INVENTORY SL RATIO

SALES TOTAL INVENTORY





SELLER'S MARKET

  



BALANCED

4+ bdrms



BUYER'S MARKET

4







3

3 bdrms



17







<3 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 The information may change and any property described in the information may be withdrawn from the market at any time without notice or obligation to the recipient from RAR & RMS.

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