Burnaby Real Estate Market Update January 2018

January 2018 Market Update

See the below price analysis for January 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 15% Sales Ratio average (1.5 in 10 homes selling rate)
  • Homes are selling on average 3% below list price
  • Most Active Price Band** $1 mil to $1.25 mil with average 80% Sales Ratio (Sellers market speed)
  • Buyers Best Bet** Homes between $2.25 mil to $2.5 mil, $3 to $3.5 mil, Burnaby Lake, Forest Glen, Park Crest and Vancouver Heights
  • Sellers Best Bet** Selling homes in Garden Village, The Crest, Willingdon Heights and 3 to 4 bedroom properties
*With a minimum inventory of 10 in most instances
 January 2018 market update

Market Summary

  • Official Market Type BURNABY ATTACHED: Sellers market at 57% Sales Ratio average (5.7 in 10 homes selling rate)
  • Homes are selling on average 4% above list price
  • Most Active Price Band** $400,000 to $500,000 with average 82% Sales Ratio (Sellers market speed)
  • Buyers Best Bet** Homes between $1 mil to $1.25 mil, Willingdon Heights and 3 bedroom properties
  • Sellers Best Bet** Selling homes in Brentwood Park, Edmonds, SFU and up to 1 bedroom properties
*With a minimum inventory of 10 in most instances
January 2018 market update