TOWNHOME - OCTOBER 2019 burnaby south
AVERAGE PRICE
AVERAGE PSF PRICE
BENCHMARK PRICE 4 % DOWN
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
6 % DOWN
1.2 % DOWN
10 % UP
38 % UP
SELLER’S 23 %
Townhome listings in the Burnaby South market area in October (at 78) were down 15% from last month but 10% above last year. The 18 townhome sales were 1 above September and 5 more than in October 2018. The sales-to-listings ratio increased to 23%, as Burnaby South’s townhome segment transitioned to a seller’s market. The benchmark price in October was $776,600, 3% above September but 4% lower year-over-year. The average sold price was $783,811 (up 3% from September) with an average PSF sales price of $613 (up 7% vs September).
VS 2018
VS 2018
VS 2018
VS 2018
VS 2018
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No.
% Change
No.
% Change
TOTAL LISTINGS
78 18
92 17
-15%
71 13
10% 38% 26% -4%
TOTAL SALES
6%
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
23%
18%
25%
18%
$776,600 $757,100 $783,811 $761,723
3% $811,100 3% $793,531
-1.2%
$613
$574
7%
$652
-6%
AVG PRICE PER SQUARE FOOT ›
HISTORICAL TREND
›
SALES TOTAL INVENTORY BENCHMARK PRICE
$811,100 $790,800 $807,300 $768,100 $762,600 $767,000 $776,600
113
104
99
82
78
71
60
23
18
18
12
13
7
3
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
1
4+ bdrms
BUYER'S MARKET
11
7
3 bdrms
37
10
<3 bdrms
. . . . 0 0 0 0 QD QD QD QD
30
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 All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies.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.
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