Data sourced from SnapStats Publishing.
November 2018 Market Update
See the below price analysis for November 2018 in Burnaby. It includes detailed information on detached homes, attached condos and townhomes. Check out the current market trends!
Market Summary For Detached
- Buyers Market at 8% Sales Ratio average (8 in 100 homes selling rate)
- Homes are selling on average 3% below list price
- Most Active Price Band** $1 mil to $1.25 mil with average 20% Sales Ratio (Balanced market)
- Buyers Best Bet** Homes between $1.75 mil to $2 mil /$2.5 mil to 2.75 mil, East Burnaby and 5 to 6 bedroom properties
- Sellers Best Bet* Selling homes in Garden Village, The Crest and 3 to 4 bedroom properties
*With a minimum inventory of 10 in most instances
Market Summary for Attached
- Balanced Market at 17% Sales Ratio average (1.7 in 10 homes selling rate)
- Homes are selling on average 2% below list price
- Most Active Price Band** $300,000 to $400,000 with average 67% Sales Ratio (Sellers market)
- Buyers Best Bet** Homes between $900,000 to $1 mil, Central, SFU, Vancouver Heights and 2 bedroom properties
- Sellers Best Bet** Selling homes in Cariboo, Simon Fraser Hills, Sullivan Heights and minimum 4 bedroom properties
*With a minimum inventory of 10 in most instances
