the rennie review - October 2020

DETACHED  SEPTEMBER  burnaby north

AVERAGE PRICE

AVERAGE PSF PRICE

BENCHMARK PRICE 12 % UP

TOTAL LISTINGS

SALES

SALES TO LISTING RATIO

MARKET SUMMARY ›

31 % DOWN

19 % UP

-

52 % UP

36 %

The number of detached listings in Burnaby North in September, at 139, were 1.4% lower month-over- month and 31% lower year-over-year. With 50 in September, detached sales were 14% below last month but 52% higher vs last year. The sales-to-listings ratio decreased to 36%, as Burnaby North’s detached market remained favour- able to sellers. The benchmark price in September was $1.50M, 1.6% above August and 12% above September 2019. The average sold price was $1.77M, up 7% from the previous month and 19% above September 2019.

VS 

VS 

VS 

VS 

VS 

SELLER’S

PREVIOUS MONTH

PREVIOUS YEAR

THIS MONTH No.

No. 141

% Change

No. 201

% Change

TOTAL LISTINGS

139

-1.4% -14% -13%

-31% 52% 119%

TOTAL SALES

50

58

33

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

36%

41%

16%

$1,501,200 $1,477,400 1.6% $1,345,000

12% 19%

$1,774,808 $1,666,039

7% $1,485,692

-

-

-

-

-

RATIO OF BENCHMARK PRICES ›

HISTORICAL TREND

SALES

TOTAL INVENTORY

BENCHMARK PRICE

MILLIONS

$1.50

$1.48

$1.47

$1.45

2.05

$1.42

2.02

$1.38

$1.35

1.84

1.23

201

1.19

1.19

154

142

139

112

111

110

50

36

33

31

27

24

16

Sep-19

Aug-20

Sep-20

TOTAL LISTINGS & SALES BY PRICE RANGE ›

SALES

TOTAL INVENTORY

SL RATIO

        

  

SELLER'S MARKET



BALANCED





BUYER'S MARKET





 

. . . 0 0 0 0 0 QD QD QD                     

S-L RATIO SALES INVENTORY

Copyright © 2020 rennie group of companies. All rights reserved. This material may not be reproduced or distributed, in whole or in part, without the prior written permission of the rennie group of companies. Current as of October 5, 2020. All data from Real Estate Board of Greater Vancouver and Fraser Valley & Rennie. While the information and data contained herein has been obtained from sources deemed reliable, accuracy cannot be guaranteed. rennie group of companies does not assume responsibility or liability for any inaccuracies. The recipient of the information should take steps as the recipient may deem necessary to verify the information prior to placing any reliance upon the information. The information contained within this report should not be used as an opinion of value, such opinions should and can be obtained from a rennie and associates advisor. All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies. E.&O.E.

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