Data sourced from SnapStats Publishing.
November 2017 Market Update
This is the price analysis for the month of November 2017 in Burnaby. It includes detailed information on detached homes, attached condos and townhomes. Take a look at the current market trends!
Market Summary
- Official Market Type BURNABY DETACHED: Balanced market at 16% Sales Ratio average (1.6 in 10 homes selling rate)
- Homes are selling on average 4% below list price
- Most Active Price Band** $1.25 mil to $1.5 mil with average 44% Sales Ratio (Sellers market)
- Buyers Best Bet** Homes between $1.75 mil to $2 mil, Garden Village, Metrotown, Sperling Duthie and 7 plus bedroom properties
- Sellers Best Bet** Selling homes in Highgate, Vancouver Heights and up to 2 bedroom properties
Market Summary
- Official Market Type BURNABY ATTACHED: Sellers market at 71% Sales Ratio average (7.1 in 10 homes selling rate)
- Homes are selling on average 2% above list price
- Most Active Price Band** $300,000 to $500,000 with average >100% Sales Ratio (Sellers market)
- Buyers Best Bet** Homes between $800,000 to $900,000, Forest Glen, South Slope and 3 bedroom properties
- Sellers Best Bet** Selling homes in Cariboo, Government Road, Sullivan Heights and up to 1 bedroom properties
*With a minimum inventory of 10 in most instances
