Data sourced from SnapStats Publishing.
August 2018 Market Update
See the below price analysis for August 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 9% Sales Ratio average (9 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 43% Sales Ratio (Sellers market
- Buyers Best Bet** Homes between $2.75 mil to $3 mil, Upper Deer Lake and minimum 7 bedroom properties
- Sellers Best Bet* Selling homes in Government Road, Parkcrest, SFU and up to 2 bedroom properties
*With a minimum inventory of 10 in most instances
Market Summary for Attached
- Sellers Market at 25% Sales Ratio average 2.5 in 10 homes selling rate)
- Homes are selling on average 1% below list price
- Most Active Price Band** $300,000 to $400,000 with average 62% Sales Ratio (Sellers market)
- Buyers Best Bet** Homes between $1.25 mil to $1.5 mil, Forest Glen, Vancouver Heights and 2 bedrooms
- Sellers Best Bet** Selling homes in SFU, South Slope and up to 1 bedroom properties
*With a minimum inventory of 10 in most instances
