the rennie review - April 2021

CONDO  MARCH  burnaby south

AVERAGE PRICE

AVERAGE PSF PRICE 6 % UP

BENCHMARK PRICE 1.3 % UP

TOTAL LISTINGS

SALES

SALES TO LISTING RATIO

MARKET SUMMARY ›

7 % UP

12 % UP

110 % UP

SELLER’S 62 %

The number of condo listings in Burnaby South, at 300, decreased 7% month-over-month but were 12% above last year. March’s condo sales, at 185, were 49% above last month and 110% higher vs last year. The sales-to-listings ratio increased to 62% in March, as Burnaby South’s condo segment remained a seller’s market. The condo benchmark price in March was $682,700, up 3% from February and 1.3% higher vs March 2020. The average sold price was $700,322 with an average PSF sales price of $827 (up 12% and 11%, respectively, vs February).

VS 

VS 

VS 

VS 

VS 

PREVIOUS MONTH

PREVIOUS YEAR

THIS MONTH No.

No. 322 124 39%

% Change

No. 268

% Change

TOTAL LISTINGS

300 185 62%

-7% 49% 60%

12%

TOTAL SALES

88

110% 88% 1.3%

SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF

33%

$682,700 $664,700 $700,322 $625,302

3% $674,200 12% $652,483

7% 6%

$827

$747

11%

$777

AVG PRICE PER SQUARE FOOT ›

HISTORICAL TREND

SALES

TOTAL INVENTORY

BENCHMARK PRICE

$674,200 $678,900 $674,500 $659,500 $658,300 $657,500 $682,700

474

437

379

347

300

268

257

185

99

92

88

87

73

35

BURNABY SOUTH REBGV

TOTAL LISTINGS & SALES BY PRICE RANGE

NUMBER OF BEDROOMS

SALES

TOTAL INVENTORY

SL RATIO

SALES TOTAL INVENTORY



SELLER'S MARKET

  



BALANCED



13

3+ bdrms

BUYER'S MARKET



29









119





2 bdrms



193





53



<2 bdrms

. . . . 0 0 0 0        QD                

78

S-L RATIO SALES INVENTORY

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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