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?

Jan 1, 2023

gas gauge

Current:  Burnaby's Residential Detached housing market is in a Stable Market with 12 %SOLD rate.
                (This means 12 homes out of 100 sold last month  with an average $126,400 decrease from the original price) Lesson

Most Active Range: Homes below $1.7 mill. have 24.2%SOLD rate
Least Active Range: Homes between $3.0 mill.- $3.5 mill. have 5.0 %SOLD rate.

History: The Burnaby Year-To-Date Home Price Index HPIp (Top 50%) shows that prices increased $133,117.
               The Burnaby Home PriceIndexHPIp (Lower 50%) Year-To-Date shows that prices increased $35,470.
                   *The HPIp (Home Price Index) is an approximate reflection of the Average Home Price Changes.

Forecast: Burnaby has a normal Listing supply; 138 homes are for sale and with the 12 %SOLD monthly rate gives us a ~8 months of inventory. 7% of the active listings have reduced their price by $80,778 on average or $75,000 median. We project Burnaby now in Stable market.

Greater Vancouver December 2022:

The Vancouver Real Estate Market shows that 71% of the Detached Homes in December decreased their values by ($8,770) on average. That means 29% of the markets have actually gone up in December!  We are forecasting that the majority of the Hongcouver Markets will stabilize this February and we should see price increases in March.

Currently, Both the Condo Markets and Townhouse Markets are also in a Buyer's Market, with the Average Price decrease of ($1,837) and ($8,461) respectively. We analyze and provide 97 individual City's Home Price Indexes to supply you with the MOST ACCURATE Market Trends every Saturday. 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.

Fraser Valley December 2022

In December, 89% of Fraser Valley Real Estate Detached Market prices decreased by ($26,006) on average.  We are now forecasting that the majority of the Hongcouver Markets will stabilize in February 2023. This cash influx should trickle out and stabilize the Fraser Valley by March or April .

Currently, Both the Condo Markets and Townhouse Markets are also in a Buyer's Market, with the Average Price decrease of ($1,837) and ($8,461) respectively. We analyze and provide 97 individual City's Home Price Indexes to supply you with the MOST ACCURATE Market Trends every Saturday. 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.

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.

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