Burnaby Real Estate Market Update December 2017

December 2017 Market Update

See the below price analysis for December 2017 in Burnaby. It includes detailed information on detached homes, attached condos and townhomes. Check out the current market trends!

Market Summary

  • Official Market Type BURNABY DETACHED: Balanced market at 13% Sales Ratio average (1.3 in 10 homes selling rate)
  • Homes are selling on average 10% below list price
  • Most Active Price Band** $1.25 mil to $1.5 mil with average 27% Sales Ratio (Sellers market speed)
  • Buyers Best Bet** Homes between $2.5 mil to $2.75 mil, East Burnaby, Forest Glen, The Crest and minimum 7 bedroom properties
  • Sellers Best Bet** Selling homes in Brentwood Park, Metrotown and 3 to 4 bedroom properties
*With a minimum inventory of 10 in most instances
 November 2017 market update

Market Summary

  • Official Market Type BURNABY ATTACHED: Sellers market at 78% Sales Ratio average (7.8 in 10 homes selling rate)
  • Homes are selling on average 1% above list price
  • Most Active Price Band** $300,000 to $600,000 with average >100% Sales Ratio (Sellers market speed)
  • Buyers Best Bet** Homes between $1.25 mil to $1.5 mil, Forest Glen and 3 bedroom properties
  • Sellers Best Bet** Selling homes in Highgate, SFU, Sullivan Heights and up to 1 bedroom properties
*With a minimum inventory of 10 in most instances
November 2017 market update