DETACHED SEPTEMBER burnaby south
AVERAGE PRICE
AVERAGE PSF PRICE
BENCHMARK PRICE 8 % UP
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
5 % UP
23 % DOWN
-
74 % UP
SELLER’S 23 %
There were 173 detached listings in the Burnaby South market area in September, 7% below last month and 23% lower vs September 2019. Detached sales increased by 54% month-over- month, to 40, and rose by 74% year-over-year. The sales-to-listings ratio increased to 23%, as Burnaby South’s detached market reflected seller’s market conditions. The benchmark price in September was $1.58M, 1.4% above the previous month and an 8% increase vs last year. The average sold price for detached homes was $1.70M, 2% higher month-over-month and 5% higher year-over-year.
VS
VS
VS
VS
VS
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No. 186
% Change
No. 224
% Change
TOTAL LISTINGS
173
-7% 54% 65%
-23% 74% 125%
TOTAL SALES
40
26
23
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
23%
14%
10%
$1,577,600 $1,555,100 1.4% $1,458,500
8% 5%
$1,696,804 $1,655,834
2% $1,609,191
-
-
-
-
-
RATIO OF BENCHMARK PRICES ›
HISTORICAL TREND
›
SALES
TOTAL INVENTORY
BENCHMARK PRICE
MILLIONS
$1.58
$1.56
$1.53
$1.49
$1.49
$1.49
$1.46
2.01
1.94
1.93
224
1.22
1.19
180
1.16
178
173
143
141
140
40
40
32
28
23
18
14
Sep-19
Aug-20
Sep-20
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
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 All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies.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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