Average Sales Price
Average Sales Price of one bedroom and studio condos in Burnaby in December 2017 (see graph below)
Burnaby East: $476,000 | +27.1% (change since December 2016)
Burnaby North: $480,863 | +43.6% (change since December 2016)
Burnaby South: $481,269 | +23.1% (change since December 2016)
Average Percent of Original Price
Average Percent of Original Asking Price for one bedroom and studio condos in Burnaby BC in December 2017 (see graph below)
Burnaby East: 108.2% | +12.1% (change since December 2016)
Burnaby North: 103.8% | +5.1% (change since December 2016)
Burnaby South: 105.4% | +9.1% (change since December 2016)
Average Price Per Square Foot
Average Price Per Square Foot for one bedroom and studio condos in Burnaby BC in December 2017 (see graph below)
Burnaby East: $763 | +29.1% (change since December 2016)
Burnaby North: $695 | +37.6% (change since December 2016)
Burnaby South: $744 | +28.9% (change since December 2016)
Total Inventory
Total Inventory of one bedroom and studio condos in Burnaby BC in December 2017 (see graph below)
Burnaby East: 2 | -60.0% (change since December 2016)
Burnaby North: 3 | -81.3% (change since December 2016)
Burnaby South: 21 | +10.5% (change since December 2016)
New Listings
All New Listings of one bedroom and studio condos in Burnaby BC in December 2017 (see graph below)
Burnaby East: 1 | 0.0% (change since December 2016)
Burnaby North: 8 | +33.3% (change since December 2016)
Burnaby South: 25 | +127.3% (change since December 2016)
Sales
Total Sales of one bedroom and studio condos in Burnaby BC in December 2017 (see graph below)
Burnaby East: 1 | -50.0% (change since December 2016)
Burnaby North: 16 | +33.3% (change since December 2016)
Burnaby South: 29 | +314.3% (change since December 2016)
Sales to Actives Ratio
Sales to Active Listings Ratio for one bedroom and studio condos in Burnaby BC in December 2017 (see graph below)
Burnaby East: 0.500 | +25.0% (change since December 2016)
Burnaby North: 5.333 | +611.1% (change since December 2016)
Burnaby South: 1.381 | +275.3% (change since December 2016)
In conclusion, Burnaby condo market (1 bedroom) is still very “hot”. We see incredibly high sales to active listings ratio and overall low levels of available inventory. Great time to be a seller in Burnaby.