the rennie review - August 2019

DETACHED - JULY 2019 burnaby north

AVERAGE PRICE

AVERAGE PSF PRICE

BENCHMARK PRICE 12 % DOWN

TOTAL LISTINGS

SALES

SALES TO LISTING RATIO

MARKET SUMMARY ›

5 % DOWN

10 % DOWN

-

105 % UP

BALANCED 17 %

The number of detached listings in Burnaby North in July, at 229, was 3% lower month-over-month and 5% lower year-over-year. With 39 in July, detached sales were up by 9 month- over-month and 20 above last year. The sales-to-listings ratio rose to 17%, as Burnaby North’s detached market remained balanced. The benchmark price in July was $1.37M, 1.9% below June 2019 and 12% lower than in July 2018. The average sold price was $1.51M, down 2% from the previous month and 10% below July 2018.

VS 2018

VS 2018

VS 2018

VS 2018

VS 2018

PREVIOUS MONTH

PREVIOUS YEAR

THIS MONTH No.

No. 236

% Change

No. 240

% Change

TOTAL LISTINGS

229

-3% 30% 34%

-5%

TOTAL SALES

39

30

19 8%

105% 115%

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

17%

13%

$1,373,400 $1,399,800 -1.9% $1,556,000 -12%

$1,512,362 $1,542,830

-2% $1,674,929 -10%

-

-

-

-

-

RATIO OF BENCHMARK PRICES ›

HISTORICAL TREND

SALES TOTAL INVENTORY BENCHMARK PRICE

(MILLIONS)

$1.56

$1.50

$1.47

2.35

$1.42

$1.41

$1.41

2.30

$1.37

2.25

1.99

248

1.93

1.90

240

230

230

229

206

179

39

33

22

19

15

15

12

Jul-18

Jun-19

Jul-19

TOTAL LISTINGS & SALES BY PRICE RANGE ›

SALES TOTAL INVENTORY S-L RATIO

            . . . 0 0 0 0 0 QD QD     QD QD                 S-L RATIO SALES INVENTORY SELLER'S MARKET BALANCED BUYER'S MARKET      

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 The information may change and any property described in the information may be withdrawn from the market at any time without notice or obligation to the recipient from RAR & RMS.

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