Burnaby Housing Market Update
East Burnaby, Government Road, Deer Lake, Capitol Hill BN, South Slope and all the sub-areas of Burnaby Real Estate Market Update Report.

Current:  Burnaby's Residential Detached housing market is in a Buyer Market with 6 %SOLD rate.
(This means 6 homes out of 100 sold last month  with an average $120,900  Discount  from  the original price) Lesson

Most Active Range: Homes below $1.3 mill. have 17.1 %SOLD rate
Least Active Range: Homes above $2.5 mill. have a 2.3 %SOLD rate.

History: The Burnaby Year-To-Date Home Price Index HPIp (Top 50%) shows that prices decreased $87,000.
The Burnaby Home PriceIndexHPIp (Lower 50%) Year-To-Date shows that prices decreased $93,150.
*The HPIp (Home Price Index) is an approximate reflection of the Average Home Price Changes.

Forecast: Burnaby has a normal Listing supply; 350 homes are for sale and with the 6 %SOLD monthly rate gives us a ~17 months of inventory. 9% of the active listings have reduced their price by $97,138 on average or $90,000 median. We project Burnaby to be a continued Buyer market.

February's Real Estate Statistics shows some of our Markets stabilizing with 44% of Vancouver's Detached Markets increasing values this month. Generally, Single Family Homes in Metro Vancouver experienced an Average Monthly Price decrease of $13,230 which is the same as last month's price drop of $13,255. On Average, the Fraser Valley's Market is balanced with just a $464 monthly price decrease. The following month's forecasts are continued Buyer's Detached Market across most of Vancouver and a Stable Market in the Fraser Valley.

Currently, the Condo Market presents a Cooler Market with 63% of Greater Vancouver (Lower Mainland) with decreasing prices. At the same time, 67% of Townhouse Markets are decreasing. (16 out of 28 Markets). We are forecasting a continued Buyers Market in all Condo/Townhouse Markets for the short term. We analyze and provide 97 individual City's Home Price Indexes to supply you the MOST ACCURATE Market Trends every 2 weeks. Please contact us for your own Market Value Update with an in-depth Analysis and Forecast in your Local Market Area and more specifically - Your Neighborhood.

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  Vancouver and FV Market Reports and Forecasts

  Developers, Investors, Realtors or Financial Advisers.

• Now you can be informed of the market changes as they happen.
  • Now you can receive bi-monthly updates.=
     
• Each month we analyze the Real Estate Supply and Demand for 22 cities in the lower mainland: Vancouver to Chilliwack and we make the forecasts for the following month or more.

   Membership   Free,                 (Sponsored Realtors  Click here )

This is a free service to over 5 million viewers today!!! (