CONDO - JUNE 2019 burnaby north
AVERAGE PRICE
AVERAGE PSF PRICE
BENCHMARK PRICE 7 % DOWN
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
13 % DOWN
6 % DOWN
22 % DOWN
72 % UP
BALANCED 17 %
There were 311 condo listings in Burnaby North in June, 3% below May but 72% higher than in June 2018. June condo sales decreased by 25% month-over- month and were 22% below June 2018. The sales-to-listings ratio for condos in Burnaby North decreased to 17%, transitioning to a balanced market. The condo benchmark price in June was $607,800, 1.2% below May and 7% lower than in June 2018. The average sold price was $541,683, down 7% from last month; the average PSF sales price was $650, down 3% from last month.
VS 2018
VS 2018
VS 2018
VS 2018
VS 2018
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No. 320
% Change
No. 181
% Change
TOTAL LISTINGS
311
-3%
72% -22% -54%
TOTAL SALES
54
72
-25% -23%
69
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
17%
23%
38%
$607,800 $615,100 $541,683 $584,988
-1.2% $656,100 -7% $619,136
-7%
-13%
$650
$669
-3%
$688
-6%
AVG PRICE PER SQUARE FOOT ›
HISTORICAL TREND
›
SALES TOTAL INVENTORY BENCHMARK PRICE
$656,100 $650,900 $631,200 $619,100 $599,900 $611,800 $607,800
317
311
257
232
211
211
181
69
54
54
47
46
40
31
BURNABY NORTH REBGV
TOTAL LISTINGS & SALES BY PRICE RANGE
NUMBER OF BEDROOMS
›
›
SALES TOTAL INVENTORY S-L RATIO
SALES TOTAL INVENTORY
SELLER'S MARKET
BALANCED
3
3+ bdrms
BUYER'S MARKET
29
31
2 bdrms
205
20
<2 bdrms
. . . . 0 0 0 0 QD QD QD QD
77
S-L RATIO SALES INVENTORY
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 The information may change and any property described in the information may be withdrawn from the market at any time without notice or obligation to the recipient from RAR & RMS.
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