So the May Real Estate Numbers are out now, Today I am going to dive deep into what these numbers mean in the Burnaby Market.

 

So lets start off with the number of sales compared to last year for detached homes in south burnaby, the month of may had only 29 sales, which is a 42% decrease from last year.  The prices for detached homes have stayed stable at 1.67 million with inventories up about 11.7%.

 

Burnaby South May 2018 Real Estate Report

 

For Condo in South Burnaby, sales have decreased 44% with an increase in inventories of 22.1 % and a price increase of 19.4 percent compared to last year.  South burnaby condo prices are still on the rise with a benchmark price of $729,000.

 

For townhouses in South Burnaby, sales have decreased 65% as inventories increased by 45%, townhome prices are still on the rise with a benchmark price of $841,000.

 

In Burnaby East, we see as similar trend compared to South Burnaby.  Detached homes in east burnaby had 11 sales with an inventory increase of 47% compared to last year.  Detached homes in Burnaby East have increased in price by 6.2% compared to last year with a price of $1,314,800.

 

Burnaby EAST May 2018 Real Estate Report

 

Condos in Burnaby east have increased by 20.5% compared to last year with 11 sales and an increased inventory 68%.  Prices are still on the rise for condos in burnaby east. 

 

Townhouses in Burnaby East 18.7% with 5 sales, and 11 listings.  Prices are also rising for townhomes.   

 

In Burnaby North, for detached houses we see a balanced market.  With 39 Sales out of 223 active properties.   Sales indicate a 30% decrease with an inventory increase of 18.6%.  The prices for North Burnaby Detached homes have increased by .8% since last year.  The prices will stable for this property type. 

 

Burnaby North May 2018 Real Estate Report

 

Condos in North Burnaby have increased in price 21% since last year with a benchmark price of $650,000 with 81 sales and 144 listings.  Prices for condos will continue to rise in the North Burnaby Area.

 

Likewise prices for North Burnaby for Townhouses have increased 13.7% with a price of $767,000.  Total sales for townhomes was 22 sales with 39 listings.   Prices will continue to increase for townhouses in North Burnaby.  If you are thinking of buying or selling real estate, I have a link to a playlist in description for buyers tips and seller tips.     

 

I will be posting new market update videos every Friday for different areas across metro vancouver, and educational real estate tips every Tuesday.  Subcribe to my youtube channel so you don't miss anything important:  

https://www.youtube.com/channel/UCPXb9c_dyeEIRd3KlDWsUvw?sub_confirmation=1

Read full post
Categories:   Aubrey Elementary | BC | BC Assessment | BC Condo Flipping Registry | BC Condo Rules | BC Speculation tax | Belford Properties | Big Lot Burnaby | Bolivar Heights, North Surrey Real Estate | Brentwood Park, Burnaby North Real Estate | Brighouse, Richmond Real Estate | burnaby | Burnaby home | Burnaby Home Buying | Burnaby Home seller | Burnaby House Forsale | Burnaby Lake, Burnaby South Real Estate | Burnaby Market Snapshot | Burnaby Real Estate | Burnaby Real Estate Market | BUy | Buye | Buyer | Buyer tips | Buyers | Buyers Tips | Canada | Champlain Heights, Vancouver East Real Estate | Closing Costs | Cloverdale BC, Cloverdale Real Estate | Coal Harbour, Vancouver West Real Estate | Collingwood VE, Vancouver East Real Estate | Commission | Condo | Condo Living | Condo Rules | Coquitlam West, Coquitlam Real Estate | Crescent Bch Ocean Pk., South Surrey White Rock Real Estate | Downtown VW, Vancouver West Real Estate | East Newton, Surrey Real Estate | Edmonds BE, Burnaby East Real Estate | Exp realty Canada | EXP Realty Vancouver | False Creek, Vancouver West Real Estate | First | First time Buyer | First time home | First time home buyer | first time home buyer bc | first time home buyer bc 2019 | Fleetwood Tynehead, Surrey Real Estate | Fraserview NW, New Westminster Real Estate | Fraserview VE, Vancouver East Real Estate | Glossary of Real Estate Terms | Grandview Surrey, South Surrey White Rock Real Estate | Grea | Greater Vancouver | Greater Vancouver real estate report feb 2019 | Guildford, North Surrey Real Estate | Hamilton RI, Richmond Real Estate | Hastings East, Vancouver East Real Estate | Highgate, Burnaby South Real Estate | Home | Home Insurance | Home Sell | Home Value | Homekeepr | Homekeepr Free download | Homekeepr Review | Homekeepr Vancouver | Homes | Interest Rates | July 2018 Greater Vancouver Real Estate Market Report | June 2018 | Killarney VE, Vancouver East Real Estate | Knight, Vancouver East Real Estate | Langley | Langley City, Langley Real Estate | Langley Condo | Main, Vancouver East Real Estate | mar | March 2019 Greater Vancouver Real Estate Report | Mark | Market | Market report | Market report 2018 | market up | Market Update | Market Value | May market recap | Metrotown, Burnaby South Real Estate | Mistakes | Morgan Creek, South Surrey White Rock Real Estate | Mortgage Rates today | mortgage update | Mortgage update 2018 | Moving to Vancouver BC | Multiple Offers | North Coquitlam, Coquitlam Real Estate | November 2018 Real Estate Report | November Market Report | October 2018 Greater Vancouver Real Estate Market Report | Panorama Ridge, Surrey Real Estate | Paramount Richmond | Paramount Richmond Keltic | Parkcrest, Burnaby North Real Estate | Parkcrest, North Burnaby | Photography | Presale | Presale Condo Walk Thru | Presale Condos | Presale Vancouver | Real estate | Real Estate tip | Realtor | richmond | RRSP Home buyers Plan | S.W. Marine, Vancouver West Real Estate | Scottsdale, N. Delta Real Estate | Seafair, Richmond Real Estate | Sell | Seller | Seller Tip | Selling | selling home | Selling Real estate | selling Tenanted Property | South Slope, Burnaby South Real Estate | Speculation and Vacancy Tax | Strata Rules BC | Strategy | Sun towers | Sun Towers 2 Belford | Sun towers 2 Burnaby | Sun towers 2 Metrotown | Sun towers 2 Prices | Sun towers Belford | Sun towers Burnaby | Sun Towers Floorplans | Sun towers Metrotown | Sun towers Prices | Surrey | Tips | Unwritten Oakridge by Westbank | Upper Deer Lake, Burnaby South Real Estate | Uptown NW, New Westminster Real Estate | Vancouver | Vancouver 2018 Real Estate Market Report | Vancouver Condo | Vancouver Home | Vancouver Home Buyer | Vancouver Home Buying | Vancouver home seller | Vancouver Homeowner | Vancouver M | Vancouver Market report | Vancouver Real Estate | Walnut Grove, Langley Real Estate | West Cambie, Richmond Real Estate | West Coquitlam, Coquitlam Real Estate | Whalley, North Surrey Real Estate | White Rock, South Surrey White Rock Real Estate | Yaletown, Vancouver West Real Estate
Categories
The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Real Estate Board of Greater Vancouver (REBGV), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the REBGV, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the REBGV, the FVREB or the CADREB.