CONDO - DECEMBER 2019 burnaby south
AVERAGE PRICE
AVERAGE PSF PRICE
BENCHMARK PRICE 5 % DOWN
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
32 % DOWN
2 % DOWN
1.2 % UP
132 % UP
SELLER’S 41 %
The number of condo listings in Burnaby South, at 215, decreased 35% month-over-month and fell 32% vs last year. December’s condo sales, at 88, were 20% below last month but 132% higher than last year. The sales-to-listings ratio increased to 41% in December, as Burnaby South’s condo segment remained in seller’s market territory. The condo benchmark price in December was $652,000, 0.7% above November but a 5% decrease from December 2018. The average sold price was $637,846 with an aver- age PSF sales price of $745 (up 1.4% and down 0.7% vs November, respectively).
VS 2018
VS 2018
VS 2018
VS 2018
VS 2018
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No. 330 110 33%
% Change
No. 315
% Change
TOTAL LISTINGS
215
-35% -20% 23%
-32% 132% 239%
TOTAL SALES
88
38
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
41%
12%
$652,000 $647,300 $637,846 $628,843
0.7% $685,700 1.4% $650,696 -0.7% $736
-5% -2%
$745
$750
1.2%
AVG PRICE PER SQUARE FOOT ›
HISTORICAL TREND
›
SALES TOTAL INVENTORY BENCHMARK PRICE
$685,700 $689,400 $679,200 $666,200 $648,500 $645,300 $652,000
457
433
437
389
367
315
215
97
88
77
70
64
58
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
12
3+ bdrms
BUYER'S MARKET
28
53
2 bdrms
139
23
<2 bdrms
. . . . 0 0 0 0 QD QD QD
48
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 January 6, 2020. All data from RealEstateBoardof 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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