the rennie review - July 2019

DETACHED - JUNE 2019 burnaby north

AVERAGE PRICE

AVERAGE PSF PRICE

BENCHMARK PRICE 9 % DOWN

TOTAL LISTINGS

SALES

SALES TO LISTING RATIO

MARKET SUMMARY ›

6 % DOWN

1.4 % UP

-

67 % UP

BALANCED 13 %

The number of detached listings in Burnaby North in June, at 234, was 7% lower month-over-month and 6% lower year-over-year. With 30 in June, detached sales were down 3 month- over-month but 12 above last year. The sales-to-listings ratio was unchanged at 13%, as Burnaby North’s detached market remained balanced. The benchmark price in June was $1.40M, 0.6% below May 2019 and 9% lower than in June 2018. The average sold price was $1.54M, up 8% from the previous month and 1.4% above June 2018.

VS 2018

VS 2018

VS 2018

VS 2018

VS 2018

PREVIOUS MONTH

PREVIOUS YEAR

THIS MONTH No.

No. 252

% Change

No. 249

% Change

TOTAL LISTINGS

234

-7% -9% -2%

-6% 67% 77% -9%

TOTAL SALES

30

33

18 7%

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

13%

13%

$1,399,800 $1,407,600 -0.6% $1,538,900

$1,542,830 $1,428,875

8% $1,521,722 1.4%

-

-

-

-

-

RATIO OF BENCHMARK PRICES ›

HISTORICAL TREND

SALES TOTAL INVENTORY BENCHMARK PRICE

(MILLIONS)

$1.54

$1.50

$1.49

$1.45

2.35

$1.40

$1.40

$1.39

2.30

2.29

1.98

249

1.93

1.93

243

236

231

234

198

181

30

24

22

19

19

18

14

Jun-18

May-19

Jun-19

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       

CurrentasofJuly3,2019.Alldata from theRealEstateBoardofGreaterVancouverandFraserValley.The information setoutherein (the “Information”) is intended for informationalpurposesonly.RAR&RMShasnotverified the informationanddoesnot represent,warrantorguarantee theaccuracy,correctnessandcompletenessof the information.RAR&RMSdoesnotassumeany responsibilityor liabilityofanykind inconnectionwith the informationand the recipient’s relianceupon the information.The recipientof the information should take stepsas the recipient may deem necessary to verify the information prior to placing any reliance upon the information. The information may change and any property described in the information may be withdrawn from the market at any time without notice or obligation to the recipient from RAR & RMS.

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