DETACHED - OCTOBER 2019 burnaby north
AVERAGE PRICE
AVERAGE PSF PRICE
BENCHMARK PRICE 8 % DOWN
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
33 % DOWN
11 % DOWN
-
158 % UP
SELLER’S 31 %
The number of detached listings in Burnaby North in October, at 156, was 19% lower month-over- month and 33% lower year-over-year. With 49 in October, detached sales were up by 16 month-over-month and 30 above last year. The sales-to-listings ratio jumped to 31%, as Burnaby North’s detached market became favour- able to sellers. The benchmark price in October was $1.37M, 1.6% above September 2019 but 8% lower than in October 2018. The average sold price was $1.53M, up 3% from the previous month but 11% below October 2018.
VS 2018
VS 2018
VS 2018
VS 2018
VS 2018
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No. 193
% Change
No. 233
% Change
TOTAL LISTINGS
156
-19% 48% 84%
-33% 158% 285%
TOTAL SALES
49
33
19 8%
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
31%
17%
$1,366,200 $1,345,000 1.6% $1,487,200
-8%
$1,527,764 $1,485,692
3% $1,720,679 -11%
-
-
-
-
-
RATIO OF BENCHMARK PRICES ›
HISTORICAL TREND
›
SALES TOTAL INVENTORY BENCHMARK PRICE
(MILLIONS)
$1.49
$1.45
$1.40
$1.40
$1.39
$1.38
$1.37
2.36
2.31
2.27
1.95
1.89
1.84
239
233
225
212
187
171
156
49
32
30
24
19
19
14
Oct-18
Sep-19
Oct-19
TOTAL LISTINGS & SALES BY PRICE RANGE ›
SALES TOTAL INVENTORY S-L RATIO
. . . 0 0 0 0 0 QD QD QD QD S-L RATIO SALES INVENTORY SELLER'S MARKET BALANCED BUYER'S MARKET
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 All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies.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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