Vancouver Real Estate Market Update Reports / North Burnaby Real Estate Market Update Forecast Report

   Burnaby Housing Market Trends

 


  Burnaby Real Estate Market Reports and Forecasts   Previous Report

Burnaby 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.

      What are Burnaby's Best and Worst Investments?

Feb 1, 2024

gas gauge

Current:  Burnaby's Residential Detached housing market is in a Seller's Market with 18 %SOLD rate.
                (This means 18 homes out of 100 sold last month  with an average $54,000 decrease from the original price) Lesson

Most Active Range: Homes below $1.7 mill. have 43.3 %SOLD rate
Least Active Range: Homes between $3 mill.-$3.5 mill.have 4.2 %SOLD rate.

History: The Burnaby Year-To-Date Home Price Index HPIp (Top 50%) shows that prices increased $14,779.
               The Burnaby Home PriceIndexHPIp (Lower 50%) Year-To-Date shows that prices increased $71,073.
                   *The HPIp (Home Price Index) is an approximate reflection of the Average Home Price Changes.

Forecast: Burnaby has a normal Listing supply; 146 homes are for sale and with the 18 %SOLD monthly rate gives us a ~5 months of inventory. 5% of the active listings have reduced their price by $219,857 on average or $100,000  median. We project Burnaby now in Seller's market.

Greater Vancouver December 2023:

In January 2024, the Single-Family Detached Home Market in Greater Vancouver experienced an average monthly price increase of $3,444. This rise is influenced by low inventory levels compared to previous years and the anticipated mortgage rate cuts, which have boosted buyer confidence. We expect prices to stabilize in most Vancouver Detached Home Markets in the upcoming month.

Recent research highlights the ongoing pressure on the condominium market. However, there’s some positive news for townhomes: their values have gradually improved over the last month, with an average increase of $3,147. On the other hand, condominium prices have seen an average decline of $3,974 .

For the most accurate and up-to-date market trends, join us every Saturday at noon on VancouverMarketReports.com, where we analyze the winners and losers in each Lower Mainland city. For a comprehensive market value update, including forecasts and a thorough analysis of your neighborhood and local market area, please don't hesitate to contact Bill Coughlin and the Coughlin Team at 778-374-3744.

 

Fraser Valley December 2023:

In January 2024, the Single-Family Detached Home Market in the Fraser Valley experienced an average monthly price increase of $1,040. This rise is influenced by low inventory levels compared to previous years and the anticipated mortgage rate cuts, which have boosted buyer confidence. We expect prices to stabilize in most Vancouver Detached Home Markets in the upcoming month.

Recent research highlights the ongoing pressure on the condominium market. However, there’s some positive news for townhomes: their values have gradually improved over the last month, with an average increase of $4,281. On the other hand, condominium prices have seen an average decline of $2,095 .

For the latest and most accurate market trends, join us every Saturday at noon on VancouverMarketReports.com, where we analyze the performance of winners and losers in each Lower Mainland city. For a comprehensive market value update, including forecasts and a thorough analysis of your neighborhood and local market area, feel free to reach out to Bill Coughlin and the Coughlin Team at 778-374-3744.

 

We thank Bill Coughlin for his support of these Burnaby Real Estate Updates which include sub-areas such as East Burnaby, Capitol Hill BN, South Slope, Government Road, Deer Lake etc. Contact Bill as the Local Expert.... more details.

Burnaby Real Estate Market updates for Deer lake, Goverment road and all other sub areas

Burnaby Real Estate Market updates for Deer lake, Goverment road and all other sub areas

Burnaby Real Estate Market updates for Deer lake, Goverment road and all other sub areas

Burnaby Real Estate Market updates for Deer lake, Goverment road and all other sub areas

Download the full BurnabyMarketupdatereport.PDF

Government Road, Deer Lake, East Burnaby, Capitol Hill BN, South Slope etc. sub areas updates for Burnaby

Government Road, Deer Lake, East Burnaby, Capitol Hill BN, South Slope etc. sub areas updates for Burnaby

Government Road, Deer Lake, East Burnaby, Capitol Hill BN, South Slope etc. sub areas updates for Burnaby

Government Road, Deer Lake, East Burnaby, Capitol Hill BN, South Slope etc. sub areas updates for Burnaby

This Burnaby Real Estate Market update includes the sub areas Government Road, Deer Lake, East Burnaby, Capitol Hill BN, South Slope etc.

Click Image to compare previous STR/ MTI graphs            Trying to do the math? Lessons:  STR   MTI 

Ladner, South Delta, Real Estate Market Update Report


 

   Burnaby , East Burnaby and NewWest 

This is the most accurate  %SOLD-Monthly Sell Through Rates (STR Graph)  using a 4 week time period to analysis the housing prices and Market trends. This Market Report is derived from the exact Sat to Friday 4 week time periods and this is dramatically more accurate than the month to month comparisons that vary based on actual working days eg month, weekends. These trends enable Real Estate Market predictions and forecast outlooks.

Burnaby , NewWest Real Estate Adsorption Reports Nov 23 2011

Diclaimer: Market predictions are exactly that: predictions. Market conditions are changing dail and you should consult with your local expert to confirm facts before making any decisions.

Study Criteria: Sq.ft. 2000 to 3500, Frontage: Maximum 69, Bedroom: 3 to 6, Age: 3 to 65 years. As per Study area Map

Previous underpriced homes data

Why we study the market changes

People really want to know if the market is going up or down in the next quarter, and why not; a mistake could cost them 1,000's of their after tax equity!

Let me show you my extensive analyzing of the LOCAL neighborhood market areas and market projections.

  Registration for Monthly and Bi-Monthly Market Reports

  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!!! (

Request


*Full Name:
          
*Company:
          
*Email:
          
*City:
          

Bill Coughlin
"Realtor and Lifestyle Consultant"

1-778-374-3744 cell
1-888-539-4664
Toll free

Coughlinb@gmail.com
CoughlinTeam.com  

EXP Realty
Serving the Greater Vancouver Cities 

 

Vancouver real estate investments

Hot New Listings
%%IPAGE535179

RE/MAX Market Share Reports REMAX

  Members Login
DiscountOverlist Stats

Adian's Blog: news on Baby Boomers retirement issues  Click here



Vancouver.real.estate.investments #温哥华房地产投资

Bill Coughlin
EXP Realty

For Real Estate in Abbotsford, Mission, Langley, Surrey and Chilliwack

call me
1-778-374-3744

Coughlinb@gmail.com


 
Number of visits on this page: 12,004. Number of visits on this site: 11,623,923.