CONDO - JULY 2019 burnaby south
AVERAGE PRICE
AVERAGE PSF PRICE
BENCHMARK PRICE 11 % DOWN
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
0.6 % DOWN
0.8 % UP
43 % UP
91 % UP
SELLER’S 21 %
The number of condo listings in Burnaby South, at 415, decreased 7% month-over-month but jumped 43% vs last year. July’s condo sales, at 88, were 24% above last month and 91% higher than last year. The sales-to-listings ratio rose to 21% in July, as Burnaby South’s condo segment transitioned to seller’s market territory. The condo benchmark price in July was $653,500, 1.9% below June and an 11% decrease from July 2018. The average sold price was $654,405 (11% higher than in June) with an average PSF sales price of $759 (1.9% above June).
VS 2018
VS 2018
VS 2018
VS 2018
VS 2018
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No. 447
% Change
No. 290
% Change
TOTAL LISTINGS
415
-7% 24% 34%
43% 91% 34% -11% -0.6% 0.8%
TOTAL SALES
88
71
46
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
21%
16%
16%
$653,500 $666,200 $654,405 $587,461
-1.9% $731,700 11% $658,580
$759
$745
1.9%
$753
AVG PRICE PER SQUARE FOOT ›
HISTORICAL TREND
›
SALES TOTAL INVENTORY BENCHMARK PRICE
$731,700 $709,800 $689,900 $687,900 $681,400 $676,400 $653,500
460
415
401
368
364
313
290
88
77
61
51
50
46
40
BURNABY SOUTH REBGV
TOTAL LISTINGS & SALES BY PRICE RANGE
NUMBER OF BEDROOMS
›
›
SALES TOTAL INVENTORY S-L RATIO
SALES TOTAL INVENTORY
11
3+ bdrms
44
SELLER'S MARKET
BALANCED
BUYER'S MARKET
55
2 bdrms
271
22
<2 bdrms
. . . . 0 0 0 0 QD QD
100
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 The information may change and any property described in the information may be withdrawn from the market at any time without notice or obligation to the recipient from RAR & RMS.
Made with FlippingBook - professional solution for displaying marketing and sales documents online