Real Estate Market Update for 1 Bedroom Condo Units in Burnaby BC – February 2018

Home Price Index

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

Burnaby East: $706,700 | +29.6% (change since February 2017)

Burnaby North: $642,500 | +28.4% (change since February 2017)

Burnaby South: $710,100 | +26.4% (change since February 2017)


Average Sales Price

Average Sales Price for one bedroom and studio condo units in Burnaby in February 2018 (see graph below)

Burnaby East: $544,400 | +44.8% (change since February 2017)

Burnaby North: $478,723 | +36.3% (change since February 2017)

Burnaby South: $507,538 | +15.4% (change since February 2017)

 


Average Percent of Original Price

Average Percent of Original Price for one bedroom and studio condo units in Burnaby in February 2018 (see graph below)

Burnaby East: 106.6% | +6.4% (change since February 2017)

Burnaby North: 105.1% | +5.2% (change since February 2017)

Burnaby South: 104.9% | +5.6% (change since February 2017)


Average Price Per Square Foot

Average Price Per Square Foot for one bedroom and studio condo units in Burnaby in February 2018 (see graph below)

Burnaby East: $803 | +30.8% (change since February 2017)

Burnaby North: $724 | +33.6% (change since February 2017)

Burnaby South: $823 | +16.7% (change since February 2017)


Total Inventory

Total Inventory for one bedroom and studio condo units in Burnaby in February 2018 (see graph below)

Burnaby East: 5 | +150.0% (change since February 2017)

Burnaby North: 9 | -78.6% (change since February 2017)

Burnaby South: 28 | -17.6% (change since February 2017)


New Listings

New Listings of one bedroom and studio condo units in Burnaby in February 2018 (see graph below)

Burnaby East: 5 | +66.7% (change since February 2017)

Burnaby North: 17 | -54.1% (change since February 2017)

Burnaby South: 22 | 0.0% (change since February 2017)


Sales

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

Burnaby East: 5 | +150.0% (change since February 2017)

Burnaby North: 22 | -21.4% (change since February 2017)

Burnaby South: 23 | +27.8% (change since February 2017)


Sales to Actives Ratio

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

Burnaby East: 1.000 | 0.0% (change since February 2017)

Burnaby North: 2.444 | +266.4% (change since February 2017)

Burnaby South: 0.821 | +55.2% (change since February 2017)

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