Here is a detailed breakdown of the detached housing market in Burnaby BC. Statistics only include resale detached houses. New construction and condos aren’t included.
MLS Home Price Index
MLS Home Price Index of detached houses in Burnaby in November 2017 (see graph below)
Burnaby East: $1,266,500 | +8.1% (change since November 2016)
Burnaby North: $1,564,300 | +2.9% (change since November 2016)
Burnaby South: $1,686,300 | +2.7% (change since November 2016)
Average Sales Price
Average Sales Price of detached houses in Burnaby in November 2017 (see graph below)
Burnaby East: $1,280,786 | +4.8% (change since November 2016)
Burnaby North: $1,717,345 | +16.2% (change since November 2016)
Burnaby South: $1,648,404 | -3.5% (change since November 2016)
Average Percent of Original Price
Average Percent of Original Asking Price of detached houses in Burnaby in November 2017 (see graph below)
Burnaby East: 96.4% | +1.4% (change since November 2016)
Burnaby North: 95.9% | +2.9% (change since November 2016)
Burnaby South: 94.4% | -0.7% (change since November 2016)
Total Inventory
Total Inventory of detached houses in Burnaby in November 2017 (see graph below)
Burnaby East: 65 | +25.0% (change since November 2016)
Burnaby North: 171 | -4.5% (change since November 2016)
Burnaby South: 218 | -4.0% (change since November 2016)
New Listings
All New Listings of detached houses in Burnaby in November 2017 (see graph below)
Burnaby East: 18 | +38.5% (change since November 2016)
Burnaby North: 51 | +54.5% (change since November 2016)
Burnaby South: 58 | +18.4% (change since November 2016)
Sales
Total Sales of detached houses in Burnaby in November 2017 (see graph below)
Burnaby East: 7 | -36.4% (change since November 2016)
Burnaby North: 31 | +40.9% (change since November 2016)
Burnaby South: 28 | +86.7% (change since November 2016)
Sales to Actives Ratio
Sales to Active Listings Ratio of detached houses in Burnaby in November 2017 (see graph below)
Burnaby East: 0.108 | -49.1% (change since November 2016)
Burnaby North: 0.181 | +47.2% (change since November 2016)
Burnaby South: 0.128 | +93.9% (change since November 2016)
In conclusion, Burnaby housing market is a balanced market. Total Inventory and sales figures are average for the season. Average sales prices are “frozen” for the most part, in the last few months.