CONDO MARCH burnaby south
AVERAGE PRICE
AVERAGE PSF PRICE 5 % UP
BENCHMARK PRICE
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
7 % UP
36 % DOWN
1.0 % DOWN
44 % UP
SELLER’S 34 %
The number of condo listings in Burnaby South, at 256, increased 1.2% month-over-month but fell 36% vs last year. March’s condo sales, at 88, were 28% above last month and 44% higher than last year. The sales-to-listings ratio increased to 34% in March, as Burnaby South’s condo segment remained in seller’s market territory. The condo benchmark price in March was $674,900, down 0.5% vs February and a 1.0% decrease from March 2019. The average sold price was $652,483 with an average PSF sales price of $777 (3% and 4% higher, respectively, vs February).
VS
VS
VS
VS
VS
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No. 253
% Change
No. 401
% Change
TOTAL LISTINGS
256
1.2% 28% 26%
-36% 44% 126% -1.0%
TOTAL SALES
88
69
61
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
34%
27%
15%
$674,900 $678,200 $652,483 $635,385
-0.5% $681,400 3% $609,712
7% 5%
$777
$744
4%
$738
AVG PRICE PER SQUARE FOOT ›
HISTORICAL TREND
›
SALES
TOTAL INVENTORY
BENCHMARK PRICE
$681,400 $676,400 $653,500 $654,500 $647,300 $661,700 $674,900
460
435
425
401
334
258
256
110
88
88
77
73
62
61
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
6
3+ bdrms
BUYER'S MARKET
26
56
2 bdrms
171
26
<2 bdrms
. . . . 0 0 0 0 QD QD
59
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 All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies.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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