CONDO - JULY 2019 burnaby north
AVERAGE PRICE
AVERAGE PSF PRICE
BENCHMARK PRICE 8 % DOWN
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
8 % DOWN
0.6 % DOWN
47 % UP
35 % UP
SELLER’S 25 %
There were 291 condo listings in Burnaby North in July, 9% below June but 47% higher than in July 2018. July condo sales increased by 35% month-over- month and year-over-year. The sales-to-listings ratio for condos in Burnaby North increased to 25%, transitioning to a seller’s market. The condo benchmark price in July was $609,500, virtually unchanged from June and 8% lower than in July 2018. The average sold price was $568,762, up 5% from last month; the average PSF sales price was $701, up 8% from last month.
VS 2018
VS 2018
VS 2018
VS 2018
VS 2018
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No. 320
% Change
No. 198
% Change
TOTAL LISTINGS
291
-9% 35% 49%
47% 35% -8% -8% -8%
TOTAL SALES
73
54
54
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
25%
17%
27%
$609,500 $607,800 $568,762 $541,683
0.3% $661,000 5% $616,506
$701
$650
8%
$705
-0.6%
AVG PRICE PER SQUARE FOOT ›
HISTORICAL TREND
›
SALES TOTAL INVENTORY BENCHMARK PRICE
$661,000 $644,600 $632,200 $606,400 $602,900 $615,100 $609,500
324
291
263
261
236
235
198
73
72
54
48
47
46
34
BURNABY NORTH REBGV
TOTAL LISTINGS & SALES BY PRICE RANGE
NUMBER OF BEDROOMS
›
›
SALES TOTAL INVENTORY S-L RATIO
SALES TOTAL INVENTORY
2
3+ bdrms
28
SELLER'S MARKET
BALANCED
40
2 bdrms
BUYER'S MARKET
198
31
<2 bdrms
. . . . 0 0 0 0 QD QD QD
65
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 The information may change and any property described in the information may be withdrawn from the market at any time without notice or obligation to the recipient from RAR & RMS.
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