DETACHED MARCH burnaby south
AVERAGE PRICE
AVERAGE PSF PRICE
BENCHMARK PRICE 3 % DOWN
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
11 % UP
38 % DOWN
-
52 % UP
SELLER’S 24 %
There were 133 detached listings in the Burnaby South market area in March, 9% below last month and 38% lower vs March 2019. Detached sales rose by 11, to 32, both month-over- month and year-over-year. The sales-to-listings ratio increased to 24%, as Burnaby South’s detached market transitioned to seller’s market territory. The benchmark price in March was $1.49M, 1.1% above the previous month but a 3% decline vs last year. The average sold price for detached homes was $1.76M, 11% higher month-over-month and year-over-year.
VS
VS
VS
VS
VS
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No. 146
% Change
No. 213
% Change
TOTAL LISTINGS
133
-9% 52% 67%
-38% 52% 144%
TOTAL SALES
32
21
21
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
24%
14%
10%
$1,493,500 $1,477,800 1.1% $1,545,200
-3% 11%
$1,761,335 $1,588,857
11% $1,580,590
-
-
-
-
-
RATIO OF BENCHMARK PRICES ›
HISTORICAL TREND
›
SALES
TOTAL INVENTORY
BENCHMARK PRICE
MILLIONS
$1.55
$1.51
$1.49
$1.49
$1.49
$1.48
$1.46
1.98
1.94
1.91
242
225
224
213
178
1.14
1.14
1.14
140
133
40
32
32
23
23
21
14
Mar-19
Feb-20
Mar-20
TOTAL LISTINGS & SALES BY PRICE RANGE ›
SALES
TOTAL INVENTORY
S L RATIO
SELLER'S MARKET
BALANCED
BUYER'S MARKET
. . . 0 0 0 0 0 QD QD QD
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 April 3, 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 All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies.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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