CONDO SEPTEMBER burnaby south
AVERAGE PRICE
AVERAGE PSF PRICE 5 % UP
BENCHMARK PRICE 0.8 % UP
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
10 % UP
6 % UP
36 % UP
SELLER’S 22 %
The number of condo listings in Burnaby South, at 452, increased 9% month-over-month and were 6% above last year. September’s condo sales, at 99, were 22% above last month and 36% higher vs last year. The sales-to-listings ratio increased to 22% in September, as Burnaby South’s condo segment transitioned to seller’s market. The condo benchmark price in September was $659,500, up 0.5% from August and 0.8% higher vs September 2019. The average sold price was $651,094 with an average PSF sales price of $758 (up 6% and 3%, respectively, vs August).
VS
VS
VS
VS
VS
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No. 416
% Change
No. 425
% Change
TOTAL LISTINGS
452
9%
6%
TOTAL SALES
99
81
22% 12%
73
36% 28% 0.8% 10%
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
22%
19%
17%
$659,500 $656,300 $651,094 $611,415
0.5% $654,500 6% $591,589
$758
$737
3%
$724
5%
AVG PRICE PER SQUARE FOOT ›
HISTORICAL TREND
›
SALES
TOTAL INVENTORY
BENCHMARK PRICE
$654,500 $647,300 $662,000 $674,200 $678,900 $674,500 $659,500
452
425
379
334
268
258
257
110
99
88
73
73
62
35
BURNABY SOUTH REBGV
TOTAL LISTINGS & SALES BY PRICE RANGE
NUMBER OF BEDROOMS
›
›
SALES
TOTAL INVENTORY
S L RATIO
SALES TOTAL INVENTORY
SELLER'S MARKET
BALANCED
9
3+ bdrms
BUYER'S MARKET
49
58
2 bdrms
293
32
<2 bdrms
. . . . 0 0 0 0 QD
110
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 All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies.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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