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Market Updates in Burnaby | Feb 2019

Burnaby Market Updates | Feb 2019

View the below price analysis for Feb 2019 in Burnaby. It includes detailed information on detached homes, 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 7% below list price
  • Most Active Price Band** $1 mil to $1.25 mil with average 23% Sales Ratio (Sellers market)
  • Buyers Best Bet** Homes between $1.75 mil to $2 mil, $2.25 mil to $2.75 mil, South slope, Upper deer lake and 7 plus bedroom properties
  • Sellers Best Bet* Selling homes in The Crest, Westridge and up to 2 bedroom properties
**with a minimum inventory of 10 in most instances
Detached | Burnaby Real Estate Market Update

Market Summary for Attached

  • Balanced Market at 20% Sales Ratio average (2 in 10 homes selling rate)
  • Homes are selling on average 3% below list price
  • Most Active Price Band** $300,000 to $400,000 with average 89% Sales Ratio (Sellers market)
  • Buyers Best Bet** Homes between $1 mil to $1.25 mil, Forest Glen and 3 bedroom properties
  • Sellers Best Bet** Selling homes in Capitol Hill and up to 1 bedroom properties
**with a minimum inventory of 10 in most instances
Attached | Burnaby Real Estate Market Update

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Source: SnapStats® Publishing Co. Graphs represent the data comparison between Feb 2019 and Jan 2019.