DETACHED FEBRUARY burnaby south
AVERAGE PRICE
AVERAGE PSF PRICE
BENCHMARK PRICE 10 % UP
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
129 % UP
12 % DOWN
15 % UP
-
SELLER’S 37 %
There were 129 detached listings in the Burnaby South market area in February, 3% above last month but 12% lower vs February 2020. Detached sales increased by 85% month-over- month, to 48, and rose by 129% year-over-year. The sales-to-listings ratio increased to 37%, as Burnaby South’s detached market reflected seller’s market conditions. The benchmark price in February was $1.63M, 2% above the previous month and a 10% increase vs last year. The average sold price for detached homes was $1.83M, 5% higher month-over-month and 15% higher year-over-year.
VS
VS
VS
VS
VS
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No. 125
% Change
No. 147
% Change
TOTAL LISTINGS
129
3%
-12% 129% 160%
TOTAL SALES
48
26
85% 79%
21
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
37%
21%
14%
$1,629,300 $1,596,400 $1,833,808 $1,741,743
2% $1,478,300 5% $1,588,857
10% 15%
-
-
-
-
-
RATIO OF BENCHMARK PRICES ›
HISTORICAL TREND
›
SALES
TOTAL INVENTORY
BENCHMARK PRICE
MILLIONS
$1.63
$1.58
$1.56
$1.56
$1.56
$1.50
$1.48
2.02
1.99
1.91
188
186
168
1.22
1.21
1.14
147
142
129
112
48
41
26
24
24
21
8
Feb-20
Jan-21
Feb-21
TOTAL LISTINGS & SALES BY PRICE RANGE ›
SALES
TOTAL INVENTORY
S L RATIO
SELLER'S MARKET
BALANCED
BUYER'S MARKET
. . . 0 0 0 0 0 QD QD QD
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 All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies.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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