the rennie review - April 2020

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

SL 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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