Burnaby Real Estate Market Update February 2018

February 2018 Market Update

See the below price analysis for February 2018 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 4% below list price
  • Most Active Price Band** $1 mil to $1.25 mil with average 89% Sales Ratio (Sellers market speed)
  • Buyers Best Bet** Homes between $2.5 mil to $3 mil, Capitol Hill, Edmonds, Parkcrest and 5 to 6 bedroom properties
  • Sellers Best Bet** Selling homes in Brentwood Park, Vancouver Heights and 3 to 4 bedroom properties
*With a minimum inventory of 10 in most instances
 February 2018 market update

Market Summary

  • Official Market Type BURNABY ATTACHED: Sellers market at 73% Sales Ratio average (7.3 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, Central Park and 3 bedroom properties
  • Sellers Best Bet** Selling homes in Forest Glen, Sullivan Heights and up to 1 bedroom properties
*With a minimum inventory of 10 in most instances
February 2018 market update