Market update

Here is downtown Vancouver real estate market update for 1 bedroom and studio condo units in February 2018.

Average Sales Price

Average Sales Price of one bedroom and studio condo units in downtown Vancouver in February 2018 (see graph below)

Coal Harbour: $1,050,250 | +49.4% (change since February 2017)

Downtown VW: $681,580 | +25.5% (change since February 2017)

West End: $675,816 | +36.9% (change since February 2017)

Yaletown: $777,014 | +22.6% (change since February 2017)

Average Percent of Original Price

Average Percent of Original Asking Price of one bedroom and studio condo units in downtown Vancouver in February 2018 (see graph below)

Coal Harbour: 101.4% | +2.3% (change since February 2017)

Downtown VW: 103.1% | +2.2% (change since February 2017)

West End: 103.4% | +3.2% (change since February 2017)

Yaletown: 103.7% | +4.2% (change since February 2017)

Average Listing to Contract Days

Average Number of Days it Took to Sell one bedroom and studio condo units in downtown Vancouver in February 2018 (see graph below)

Coal Harbour: 29 | +107.1% (change since February 2017)

Downtown VW: 12 | -14.3% (change since February 2017)

West End: 22 | +29.4% (change since February 2017)

Yaletown: 12 | -50.0% (change since February 2017)

Average Price per Square Foot

Average Price per Square Foot for one bedroom and studio condo units in downtown Vancouver in February 2018 (see graph below)

Coal Harbour: $1,474 | +42.6% (change since February 2017)

Downtown VW: $1,181 | +27.1% (change since February 2017)

West End: $1,063 | +27.0% (change since February 2017)

Yaletown: $1,250 | +12.5% (change since February 2017)

Total Inventory

Total Inventory of one bedroom and studio condo units in downtown Vancouver in February 2018 (see graph below)

Coal Harbour: 17 | +13.3% (change since February 2017)

Downtown VW: 68 | -53.7% (change since February 2017)

West End: 26 | -3.7% (change since February 2017)

Yaletown: 35 | -23.9% (change since February 2017)

New Listings

Total Inventory of one bedroom and studio condo units in downtown Vancouver in February 2018 (see graph below)

Coal Harbour: 9 | -25.0% (change since February 2017)

Downtown VW: 71 | +22.4% (change since February 2017)

West End: 29 | -6.5% (change since February 2017)

Yaletown: 29 | -19.4% (change since February 2017)

Sales

Total Sales of one bedroom and studio condo units in downtown Vancouver in February 2018 (see graph below)

Coal Harbour: 4 | -63.6% (change since February 2017)

Downtown VW: 48 | -9.4% (change since February 2017)

West End: 19 | -36.7% (change since February 2017)

Yaletown: 14 | -51.7% (change since February 2017)

Sales to Actives Ratio

Sales to Active Listings Ratio of one bedroom and studio condo units in downtown Vancouver in February 2018 (see graph below)

Coal Harbour: 0.235 | -67.9% (change since February 2017)

Downtown VW: 0.706 | +95.6% (change since February 2017)

West End: 0.731 | -34.2% (change since February 2017)

Yaletown: 0.400 | -36.5% (change since February 2017)

Home Price Index

Home price index for one bedroom and studio condo units in Burnaby in January 2018 (see graph below)

Burnaby East: $476,000 | +27.1% (change since January 2017)

Burnaby North: $480,863 | +43.6% (change since January 2017)

Burnaby South: $481,269 | +23.1% (change since January 2017)

Average Sales Price

Average Sales Price of one bedroom and studio condos in Burnaby in January 2018 (see graph below)

Burnaby East: $571,000 | +43.2% (change since January 2017)

Burnaby North: $481,909 | +35.4% (change since January 2017)

Burnaby South: $595,413 | +41.6% (change since January 2017)

Average Percent of Original Price

Average percent of original asking price of one bedroom and studio condos in Burnaby in January 2018 (see graph below)

Burnaby East: 100.4% | +1.1% (change since January 2017)

Burnaby North: 108.4% | +9.7% (change since January 2017)

Burnaby South: 101.5% | +1.8% (change since January 2017)

Average Price Per Square Foot

Average price per square foot of one bedroom and studio condos in Burnaby in January 2018 (see graph below)

Burnaby East: $853 | +47.1% (change since January 2017)

Burnaby North: $756 | +42.1% (change since January 2017)

Burnaby South: $896 | +26.9% (change since January 2017)

Total Inventory

Total Inventory of one bedroom and studio condos in Burnaby in January 2018 (see graph below)

Burnaby East: 4 | +300.0% (change since January 2017)

Burnaby North: 14 | -44.0% (change since January 2017)

Burnaby South: 31 | +14.8% (change since January 2017)

New Listings

All new listings of one bedroom and studio condos in Burnaby in January 2018 (see graph below)

Burnaby East: 6 | +500.0% (change since January 2017)

Burnaby North: 23 | 0.0% (change since January 2017)

Burnaby South: 29 | +52.6% (change since January 2017)

Sales

Total sales of one bedroom and studio condos in Burnaby in January 2018 (see graph below)

Burnaby East: 3 | 0.0% (change since January 2017)

Burnaby North: 11 | 0.0% (change since January 2017)

Burnaby South: 18 | +80.0% (change since January 2017)

Sales to Actives Ratio

Sales to active listings ratio of one bedroom and studio condos in Burnaby in January 2018 (see graph below)

Burnaby East: 0.750 | -75.0% (change since January 2017)

Burnaby North: 0.786 | +78.6% (change since January 2017)

Burnaby South: 0.581 | +57.0% (change since January 2017)

In conclusion, inventory is low and the demand is high for 1 bedroom and studio units in Burnaby BC. It’s a very strong sellers market with record breaking prices and record breaking demand.

A detailed update of the detached housing market in Burnaby BC in January 2018. All graphs go back unto 3 years. All statistics have been pulled from the Real Estate Board of Greater Vancouver.

MLS Home Price Index

MLS Home Price Index for the detached houses in Burnaby in January 2018 (see graph below)

Burnaby East: $1,266,900 | +10.1% (change since January 2017)

Burnaby North: $1,567,900 | +5.9% (change since January 2017)

Burnaby South: $1,668,000 | +2.0% (change since January 2017)

Average Sales Price

Average Sales Price of the detached houses in Burnaby in January 2018 (see graph below)

Burnaby East: $1,663,521 | +35.9% (change since January 2017)

Burnaby North: $1,802,218 | +7.2% (change since January 2017)

Burnaby South: $1,821,165 | +21.4% (change since January 2017)

Average Percent of Original Price

Average Percent of Original Asking Price of the detached houses in Burnaby in January 2018 (see graph below)

Burnaby East: 92.5% | -1.9% (change since January 2017)

Burnaby North: 96.8% | +5.0% (change since January 2017)

Burnaby South: 94.8% | +7.5% (change since January 2017)

Total Inventory

Total Inventory of the detached houses in Burnaby in January 2018 (see graph below)

Burnaby East: 68 | +58.1% (change since January 2017)

Burnaby North: 164 | +6.5% (change since January 2017)

Burnaby South: 180 | -6.7% (change since January 2017)

New Listings

All new listings of the detached houses in Burnaby in January 2018 (see graph below)

Burnaby East: 26 | +160.0% (change since January 2017)

Burnaby North: 70 | -5.4% (change since January 2017)

Burnaby South: 69 | -25.0% (change since January 2017)

Sales

Total Sales of the detached houses in Burnaby in January 2018 (see graph below)

Burnaby East: 10 | +66.7% (change since January 2017)

Burnaby North: 18 | +28.6% (change since January 2017)

Burnaby South: 29 | +52.6% (change since January 2017)

Sales to Actives Ratio

Sales to active listings ratio for the detached houses in Burnaby in January 2018 (see graph below)

Burnaby East: 0.147 | +5.0% (change since January 2017)

Burnaby North: 0.110 | +20.9% (change since January 2017)

Burnaby South: 0.161 | +64.3% (change since January 2017)

In conclusion, there isn’t much change in the detached housing market from the previous couple of months. The market remains balanced.

Real estate market update for the detached housing market in Vancouver BC in January 2018. All statistics have been taken from the Real Estate Board of Greater Vancouver.

MLS Home Price Index

MLS Home Price Index of detached houses in Vancouver BC in January 2018 (see graph below)

Vancouver East: $1,564,000 | +8.6% (change since January 2017)

Vancouver West: $3,548,400 | +3.8% (change since January 2017)

Average Sales Price

Average sales price of detached houses in Vancouver BC in January 2018 (see graph below)

Vancouver East: $1,664,333 | +19.1% (change since January 2017)

Vancouver West: $3,905,627 | +14.6% (change since January 2017)

Average Percent of Original Price

Average percent of original asking price for the detached houses in Vancouver BC in January 2018 (see graph below)

Vancouver East: 96.1% | -0.3% (change since January 2017)

Vancouver West: 91.4% | -4.0% (change since January 2017)

Total Inventory

Total Inventory of the detached houses in Vancouver BC in January 2018 (see graph below)

Vancouver East: 626 | -4.9% (change since January 2017)

Vancouver West: 674 | +8.9% (change since January 2017)

New Listings

All new listings of the detached houses in Vancouver BC in January 2018 (see graph below)

Vancouver East: 176 | -18.1% (change since January 2017)

Vancouver West: 269 | -12.7% (change since January 2017)

Total Sales

All sales of the detached houses in Vancouver BC in January 2018 (see graph below)

Vancouver East: 45 | -11.8% (change since January 2017)

Vancouver West: 46 | +24.3% (change since January 2017)

Sales to Actives Ratio

Sales to active listings ratio of the detached houses in Vancouver BC in January 2018 (see graph below)

Vancouver East: 0.072 | -7.7% (change since January 2017)

Vancouver West: 0.068 | +13.3% (change since January 2017)

In conclusion, detached housing market in Vancouver East and Vancouver West are seller markets. Prices remained without a change for the last few months. Historically January is a slow month in real estate and we this January was no exception. It will be interesting to see what effect (if any) new mortgage regulations have on the detached housing market.

Real estate market update for 1 bedroom and studio condo units in downtown Vancouver for January 2018.

Home Price Index

Home Price Index for one bedroom and studio condo units in downtown Vancouver in January 2018 (see graph below)

Coal Harbour: $1,053,200 | +19.3% (change since January 2017)

Downtown VW: $730,300 | +26.2% (change since December 2017)

West End: $646,800 | +16.4% (change since December 2017)

Yaletown: $880,900 | +19.5% (change since December 2017)

Average Sales Price

Average Sales Price of one bedroom and studio condo units in downtown Vancouver in January 2018 (see graph below)

Coal Harbour: $685,000 | -5.7% (change since January 2017)

Downtown VW: $709,914 | +23.6% (change since January 2017)

West End: $615,000 | +34.3% (change since January 2017)

Yaletown: $849,269 | +50.3% (change since January 2017)

Average Percent of Original Price

Average Percent of Original Asking Price of one bedroom and studio condo units in downtown Vancouver in January 2018 (see graph below)

Coal Harbour: 100.3% | +4.7% (change since January 2017)

Downtown VW: 102.8% | +3.5% (change since January 2017)

West End: 100.9% | +1.6% (change since January 2017)

Yaletown: 101.6% | +1.5% (change since January 2017)

Average Price Per Square Foot

Average Price per Square Foot of one bedroom and studio condo units in downtown Vancouver in January 2018 (see graph below)

Coal Harbour: $1,204 | +10.2% (change since January 2017)

Downtown VW: $1,186 | +29.6% (change since January 2017)

West End: $927 | +22.5% (change since January 2017)

Yaletown: $1,226 | +17.5% (change since January 2017)

Total Inventory

Total Inventory of one bedroom and studio condo units in downtown Vancouver in January 2018 (see graph below)

Coal Harbour: $1,204 | +10.2% (change since January 2017)

Downtown VW: $1,186 | +29.6% (change since January 2017)

West End: $927 | +22.5% (change since January 2017)

Yaletown: $1,226 | +17.5% (change since January 2017)

New Listings

New Listings of one bedroom and studio condo units in downtown Vancouver in January 2018 (see graph below)

Coal Harbour: 13 | +44.4% (change since January 2017)

Downtown VW: 49 | -25.8% (change since January 2017)

West End: 13 | -31.6% (change since January 2017)

Yaletown: 22 | -33.3% (change since January 2017)

Sales

Total Sales of one bedroom and studio condo units in downtown Vancouver in January 2018 (see graph below)

Coal Harbour: 2 | -71.4% (change since January 2017)

Downtown VW: 29 | +16.0% (change since January 2017)

West End: 7 | -41.7% (change since January 2017)

Yaletown: 13 | -27.8% (change since January 2017)

Sales to Actives Ratio

Sales to Active Listings Ratio of one bedroom and studio condo units in downtown Vancouver in January 2018 (see graph below)

Coal Harbour: 0.133 | -71.5% (change since January 2017)

Downtown VW: 0.580 | +233.3% (change since January 2017)

West End: 0.333 | -11.2% (change since January 2017)

Yaletown: 0.684 | +36.8% (change since January 2017)

In conclusion, downtown condo market is very active in the first month of 2018. We se a drop in sales to active listings ratio as compared to previous months but I think that number will go up in the near future. Price per square foot has reached a new level with average price per square foot in Yaletown over $1,200.

• See also “Burnaby Detached Housing Market Update – December 2017“

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.

Let’s look at the detailed market update for detached housing market in Burnaby BC for December 2017. We will focus on detached housing market; condos and townhouses are not included.

• Also see “Vancouver Detached Housing Market Update – December 2017“

MLS Home Price Index

MLS Home Price Index of detached houses in Burnaby in December 2017 (see graph below)

Burnaby East: $1,293,300 | +11.0% (change since December 2016)

Burnaby North: $1,578,700 | +6.0% (change since December 2016)

Burnaby South: $1,680,500 | +3.6% (change since December 2016)

Average Sales Price

Average Sales Price for detached houses in Burnaby BC in December 2017 (see graph below)

Burnaby East: $1,701,032 | +26.3% (change since December 2016)

Burnaby North: $1,699,377 | +4.6% (change since December 2016)

Burnaby South: $1,686,692 | -0.9% (change since December 2016)

Average Percent of Original Price

Average Percent of Original Price for detached houses in Burnaby BC in December 2017 (see graph below)

Burnaby East: 94.5% | -1.2% (change since December 2016)

Burnaby North: 93.0% | +0.4% (change since December 2016)

Burnaby South: 93.3% | +0.4% (change since December 2016)

Total Inventory

Total Inventory of detached houses in Burnaby BC in December 2017 (see graph below)

Burnaby East: 67 | +42.6% (change since December 2016)

Burnaby North: 154 | +27.3% (change since December 2016)

Burnaby South: 173 | +8.8% (change since December 2016)

New Listings

All New Listings of detached houses in Burnaby BC in December 2017 (see graph below)

Burnaby East: 10 | +42.9% (change since December 2016)

Burnaby North: 40 | +135.3% (change since December 2016)

Burnaby South: 30 | +20.0% (change since December 2016)

Sales

Total Sales of detached houses in Burnaby BC in December 2017 (see graph below)

Burnaby East: 3 | -40.0% (change since December 2016)

Burnaby North: 26 | +36.8% (change since December 2016)

Burnaby South: 16 | -5.9% (change since December 2016)

Sales to Actives Ratio

Sales to Active Listings Ratio of detached houses in Burnaby BC in December 2017 (see graph below)

Burnaby East: 0.045 | -57.5% (change since December 2016)

Burnaby North: 0.169 | +7.6% (change since December 2016)

Burnaby South: 0.092 | -14.0% (change since December 2016)

In conclusion, we have seen a drop in total sales, total inventory and new listings of detached houses in Burnaby in December 2017. It’s normal for these numbers to drop at the beginning of the winter season. Most of Burnaby neighbourhood are now buyer’s markets as we can see by the sales to active listings ratio.

Here is Downtown Vancouver condo market real estate update and breakdown for December 2017. Let’s look at 1 bedroom and studio condo units for the month of December. Go over statistics and overall state of the market.

Average Sales Price

Average Sales Price of ONE bedroom condo units in downtown Vancouver in December 2017 (see graph below)

Coal Harbour: $918,178 | +38.7% (change since December 2016)

Downtown VW: $693,389 | +12.5% (change since December 2016)

West End: $588,094 | +27.6% (change since December 2016)

Yaletown: $746,767 | +6.7% (change since December 2016)

Average Percent of Original Price

Average Percent of Original Asking Price of ONE bedroom condo units in downtown Vancouver in December 2017 (see graph below)

Coal Harbour: 98.4% | +2.1% (change since December 2016)

Downtown VW: 100.9% | +2.5% (change since December 2016)

West End: 100.3% | -0.8% (change since December 2016)

Yaletown: 101.2% | +4.1% (change since December 2016)

Average Price Per Square Foot

Average Price Per Square Foot of ONE bedroom condo units in downtown Vancouver in December 2017 (see graph below)

Coal Harbour: $1,369 | +34.1% (change since December 2016)

Downtown VW: $1,135 | +22.2% (change since December 2016)

West End: $945 | +25.7% (change since December 2016)

Yaletown: $1,178 | +17.8% (change since December 2016)

Total Inventory

Total Inventory of ONE bedroom condos in downtown Vancouver in December 2017 (see graph below)

Coal Harbour: 6 | -62.5% (change since December 2016)

Downtown VW: 40 | -66.7% (change since December 2016)

West End: 16 | -51.5% (change since December 2016)

Yaletown: 11 | -64.5% (change since December 2016)

New Listings

All New Listings of ONE bedroom condos in downtown Vancouver in December 2017 (see graph below)

Coal Harbour: 5 | 0.0% (change since December 2016)

Downtown VW: 26 | +36.8% (change since December 2016)

West End: 12 | +140.0% (change since December 2016)

Yaletown: 6 | -45.5% (change since December 2016)

Sales

Total Sales of ONE bedroom condos in downtown Vancouver in December 2017 (see graph below)

Coal Harbour: 5 | -37.5% (change since December 2016)

Downtown VW: 37 | -5.1% (change since December 2016)

West End: 20 | +42.9% (change since December 2016)

Yaletown: 15 | -11.8% (change since December 2016)

Sales to Actives Ratio

Sales to Active Listings Ratio of ONE bedroom condos in downtown Vancouver in December 2017 (see graph below)

Coal Harbour: 0.833 | +66.6% (change since December 2016)

Downtown VW: 0.925 | +184.6% (change since December 2016)

West End: 1.250 | +194.8% (change since December 2016)

Yaletown: 1.364 | +148.9% (change since December 2016)

In conclusion, Vancouver downtown condo market is still a very active sellers market. Inventory levels have dropped as compared to November. We see incredible sales to active listings ratio numbers. 1 bedroom and studio condo units in downtown are in huge demand.

• Also see”Downtown Vancouver Real Estate Market Update for November 2017 (1 bedroom & studio)“

Average Sales Price

Average Sales Price of one bedroom and studio condos in Burnaby in November 2017 (see graph below)

Burnaby East: $486,300 | +9.3% (change since November 2016)

Burnaby North: $444,990 | +37.0% (change since November 2016)

Burnaby South: $485,474 | +36.1% (change since November 2016)

Average Percent of Original Price

Average Percent of Original Asking Price of one bedroom and studio condos in Burnaby in November 2017 (see graph below)

Burnaby East: 106.6% | +7.8% (change since November 2016)

Burnaby North: 103.0% | +4.0% (change since November 2016)

Burnaby South: 102.2% | +2.8% (change since November 2016)

Average Price Per Square Foot

Average Price Per Square Foot of one bedroom and studio condos in Burnaby in November 2017 (see graph below)

Burnaby East: $754 | +17.4% (change since November 2016)

Burnaby North: $653 | +28.8% (change since November 2016)

Burnaby South: $796 | +38.0% (change since November 2016)

Total Inventory

Total Inventory of one bedroom and studio condos in Burnaby in November 2017 (see graph below)

Burnaby East: 3 | -66.7% (change since November 2016)

Burnaby North: 12 | -53.8% (change since November 2016)

Burnaby South: 29 | +52.6% (change since November 2016)

New Listings

New Listings of one bedroom and studio condos in Burnaby in November 2017 (see graph below)

Burnaby East: 5 | +25.0% (change since November 2016)

Burnaby North: 26 | +73.3% (change since November 2016)

Burnaby South: 36 | +157.1% (change since November 2016)

Total Sales

Total Sales of one bedroom and studio condos in Burnaby in November 2017 (see graph below)

Burnaby East: 5 | +400.0% (change since November 2016)

Burnaby North: 37 | +94.7% (change since November 2016)

Burnaby South: 26 | +13.0% (change since November 2016)

Sales to Actives Ratio

Sales to Active Listings Ratio of one bedroom and studio condos in Burnaby in November 2017 (see graph below)

Burnaby East: 1.667 | +1,401.8% (change since November 2016)

Burnaby North: 3.083 | +321.8% (change since November 2016)

Burnaby South: 0.897 | -25.9% (change since November 2016)