the rennie review - November 2019

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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