DETACHED MARCH burnaby south
AVERAGE PRICE
AVERAGE PSF PRICE
BENCHMARK PRICE 14 % UP
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
24 % UP
122 % UP
9 % UP
-
40 %
There were 178 detached listings in the Burnaby South market area in March, 33% above last month and 24% higher vs March 2020. Detached sales increased by 48% month-over- month, to 71, and rose by 122% year-over-year. The sales-to-listings ratio increased to 40%, as Burnaby South’s detached market reflected seller’s market conditions. The benchmark price in March was $1.70M, 4% above the previous month and a 14% increase vs last year. The average sold price for detached homes was $1.92M, 5% higher month-over-month and 9% higher year-over-year.
VS
VS
VS
VS
VS
SELLER’S
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No. 134
% Change
No. 143
% Change
TOTAL LISTINGS
178
33% 48% 11%
24%
TOTAL SALES
71
48
32
122%
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
40%
36%
22%
78% 14%
$1,696,200 $1,629,300 $1,924,096 $1,833,808
4% $1,493,000 5% $1,761,335
9%
-
-
-
-
-
RATIO OF BENCHMARK PRICES ›
HISTORICAL TREND
›
SALES
TOTAL INVENTORY
BENCHMARK PRICE
MILLIONS
$1.70
$1.60
$1.58
$1.57
$1.56
$1.53
$1.49
2.07
2.02
1.94
180
178
177
1.21
1.20
152
1.14
143
141
128
71
40
39
32
27
26
18
Mar-20
Feb-21
Mar-21
TOTAL LISTINGS & SALES BY PRICE RANGE ›
SALES
TOTAL INVENTORY
S L RATIO
. . . 0 0 0 0 0 QD QD QD S-L RATIO SALES INVENTORY SELLER'S MARKET BALANCED BUYER'S MARKET
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 April 6, 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 All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies.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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