CONDO - OCTOBER 2019 burnaby north
AVERAGE PRICE
AVERAGE PSF PRICE
BENCHMARK PRICE 6 % DOWN
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
1.8 % DOWN
3 % DOWN
1.2 % UP
96 % UP
SELLER’S 35 %
There were 257 condo listings in Burnaby North in October, 14% below September but 1.2% higher than in October 2018. October condo sales increased by 7% month-over- month and 96% year-over-year. The sales-to-listings ratio for condos in Burnaby North increased to 35%, remaining a seller’s market. The condo benchmark price in October was $590,300, relatively unchanged vs September and 6% lower than in October 2018. The average sold price was $592,360, down 2% from last month; the average PSF sales price was $681, down 3% from last month.
VS 2018
VS 2018
VS 2018
VS 2018
VS 2018
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No. 298
% Change
No. 254
% Change
TOTAL LISTINGS
257
-14%
1.2% 96% 93%
TOTAL SALES
90
84
7%
46
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
35%
28%
24%
18%
$590,300 $591,400 $592,360 $605,677
-0.2% $631,200 -2% $603,490
-6%
-1.8%
$681
$704
-3%
$701
-3%
AVG PRICE PER SQUARE FOOT ›
HISTORICAL TREND
›
SALES TOTAL INVENTORY BENCHMARK PRICE
$631,200 $619,100 $599,900 $611,800 $607,800 $601,700 $590,300
331
316
311
254
257
229
208
90
74
54
54
46
40
31
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
23
62
2 bdrms
184
23
<2 bdrms
. . . . 0 0 0 0 QD QD QD
50
S-L RATIO SALES INVENTORY
Copyright © 2019 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 November 6, 2019. All data from RealEstateBoard ofGreaterVancouverandFraserValley & 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.
10
Made with FlippingBook - professional solution for displaying marketing and sales documents online