CONDO - JULY 2019 burnaby east
AVERAGE PRICE
AVERAGE PSF PRICE
BENCHMARK PRICE 8 % DOWN
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
11 % DOWN
70 % DOWN
12 % DOWN
21 % UP
BUYER’S 9 %
The number of condo listings in Burnaby East in July dipped 3% month-over-month (to 34) but jumped 21% year-over-year. At 3, condo sales were 1 lower month-over-month and 7 below July 2018. The sales-to-listings ratio decreased to 9% in July as Burnaby East’s condo market favoured buyers. The condo benchmark price in July was $721,200, 2% below last month and 8% lower year-over-year. The average sold price for condos decreased 7% month-over-month (to $522,333) while the average PSF sales price fell 7% (to $701).
VS 2018
VS 2018
VS 2018
VS 2018
VS 2018
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No.
% Change
No.
% Change
TOTAL LISTINGS
34
35
-3%
28 10
21% -70% -75% -11% -12% -8%
TOTAL SALES
3
4
-25% -23%
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
9%
11%
36%
$721,200 $736,100 $522,333 $562,000
-2% $787,700 -7% $585,128
$701
$755
-7%
$797
AVG PRICE PER SQUARE FOOT ›
HISTORICAL TREND
›
SALES TOTAL INVENTORY BENCHMARK PRICE
$787,700 $767,600 $762,400 $743,900 $722,500 $748,100 $721,200
38
34
34
34
31
29
28
10
6
6
5
3
3
2
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
1
2
2 bdrms
22
1
<2 bdrms
. . . . 0 0 0 0 QD QD QD QD QD QD
11
S-L RATIO SALES INVENTORY
CurrentasofAugust7,2019.Alldata from theRealEstateBoardofGreaterVancouverandFraserValley.The informationsetoutherein (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 The information may change and any property described in the information may be withdrawn from the market at any time without notice or obligation to the recipient from RAR & RMS.
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