CONDO FEBRUARY burnaby north
AVERAGE PRICE
AVERAGE PSF PRICE 2 % UP
BENCHMARK PRICE 3 % UP
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
4 % UP
50 % UP
141 % UP
SELLER’S 42 %
There were 310 condo listings in Burnaby North in February, 11% below January but 50% higher vs February 2020. February condo sales increased by 35% month- over-month, to 130, and were 141% above February 2020. The sales-to-listings ratio for condos in Burnaby North, at 42%, remained favourable to sellers. The condo benchmark price in February was $629,600, a 1.6% increase from January and 3% above February 2020. The average sold price was $623,128, 4% above last month; the average PSF sales price was $754, up 3% from last month.
VS
VS
VS
VS
VS
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No. 348
% Change
No. 207
% Change
TOTAL LISTINGS
310 130 42%
-11% 35% 52%
50%
TOTAL SALES
96
54
141%
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
28%
26%
61%
$629,600 $619,800 $623,128 $597,449
1.6% $613,000 4% $599,829
3% 4% 2%
$754
$735
3%
$738
AVG PRICE PER SQUARE FOOT ›
HISTORICAL TREND
›
SALES
TOTAL INVENTORY
BENCHMARK PRICE
$613,000 $618,600 $605,500 $614,400 $614,800 $617,700 $629,600
434
425
349
310
305
276
207
130
103
96
92
63
54
19
BURNABY NORTH REBGV
TOTAL LISTINGS & SALES BY PRICE RANGE
NUMBER OF BEDROOMS
›
›
SALES
TOTAL INVENTORY
S L RATIO
SALES TOTAL INVENTORY
SELLER'S MARKET
BALANCED
5
3+ bdrms
BUYER'S MARKET
30
81
2 bdrms
200
44
<2 bdrms
. . . . 0 0 0 0 QD QD
80
S-L RATIO SALES INVENTORY
Copyright © 2021 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 March 3, 2021. 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 All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies.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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