CONDO JULY burnaby south
AVERAGE PRICE
AVERAGE PSF PRICE
BENCHMARK PRICE 3 % UP
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
17 % DOWN
17 % DOWN
1.9 % DOWN
0.5 % UP
BALANCED 20 %
The number of condo listings in Burnaby South, at 360, increased 13% month-over-month but fell 17% vs last year. July’s condo sales, at 73, were 28% above last month but 17% lower than last year. The sales-to-listings ratio increased to 20% in July, as Burnaby South’s condo segment remained a bal- anced market. The condo benchmark price in July was $674,500 up 0.6% from June and 3% higher vs July 2019. The average sold price was $642,190 with an average PSF sales price of $763 (up 1.6% and down 2%, respectively, vs June).
VS
VS
VS
VS
VS
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No. 319
% Change
No. 435
% Change
TOTAL LISTINGS
360
13% 28% 13%
-17% -17% 0.2% -1.9% 0.5% 3%
TOTAL SALES
73
57
88
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
20%
18%
20%
$674,500 $670,500 $642,190 $632,088
0.6% $653,500 1.6% $654,405
$763
$780
-2%
$759
AVG PRICE PER SQUARE FOOT ›
HISTORICAL TREND
›
SALES
TOTAL INVENTORY
BENCHMARK PRICE
$653,500 $654,500 $647,300 $662,000 $674,200 $678,900 $674,500
435
425
360
334
268
257
258
110
88
88
73
73
62
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
5
3+ bdrms
BUYER'S MARKET
44
44
2 bdrms
234
24
<2 bdrms
. . . . 0 0 0 0 QD QD
82
S-L RATIO SALES INVENTORY
Copyright © 2020 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 August 7, 2020. 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 All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies.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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