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
S L 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 All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies.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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