CONDO - JUNE 2019 burnaby south
AVERAGE PRICE
AVERAGE PSF PRICE
BENCHMARK PRICE 10 % DOWN
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
11 % DOWN
3 % DOWN
81 % UP
6 % UP
BALANCED 16 %
The number of condo listings in Burnaby South, at 434, decreased 4% month-over-month but jumped 81% vs last year. June’s condo sales, at 71, were 8% below last month but 6% above last year. The sales-to-listings ratio dipped to 16% in June, as Burnaby South’s condo segment remained in bal- anced market territory. The condo benchmark price in June was $666,200, 1.5% belowMay and a 10% decrease from June 2018. The average sold price was $587,461 (9% lower than in May) with an average PSF sales price of $745 (4% below May).
VS 2018
VS 2018
VS 2018
VS 2018
VS 2018
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No. 451
% Change
No. 240
% Change
TOTAL LISTINGS
434
-4% -8% -4%
81%
TOTAL SALES
71
77
67
6%
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
16%
17%
28%
-41% -10% -11%
$666,200 $676,400 $587,461 $642,401
-1.5% $737,000 -9% $656,922
$745
$774
-4%
$771
-3%
AVG PRICE PER SQUARE FOOT ›
HISTORICAL TREND
›
SALES TOTAL INVENTORY BENCHMARK PRICE
$737,000 $717,800 $701,400 $685,700 $689,400 $679,200 $666,200
437
434
371
352
319
288
240
71
67
65
64
58
50
38
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
3
3+ bdrms
BUYER'S MARKET
49
43
2 bdrms
291
25
<2 bdrms
. . . . 0 0 0 0 QD QD QD QD
94
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 The information may change and any property described in the information may be withdrawn from the market at any time without notice or obligation to the recipient from RAR & RMS.
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