Condo Market Update for Burnaby BC – October 2017 (1 bedroom & studio)

Burnaby condo market update - october 2017

Here is a closer look at 1 bedroom and studio condo units in Burnaby BC in October 2017. This market update will only focus on strata properties; detached houses are excluded. New construction buildings are also excluded.

Average Sales Price

Average Sales Price of one bedroom condos in Burnaby in October 2017 (see graph below)

Burnaby East: $459,000 | +16.2% (change since October 2016)

Burnaby North: $449,457 | +32.8% (change since October 2016)

Burnaby South: $483,581 | +37.2% (change since October 2016)


Average Percent of Original Price

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

Burnaby East: 98.3% | -3.2% (change since October 2016)

Burnaby North: 102.1% | +4.9% (change since October 2016)

Burnaby South: 101.5% | +2.9% (change since October 2016)


Average Price Per Square Foot

Average Price Per Square Foot for one bedroom condos in Burnaby in October 2017 (see graph below)

Burnaby East: $745 | +30.7% (change since October 2016)

Burnaby North: $674 | +39.5% (change since October 2016)

Burnaby South: $744 | +41.7% (change since October 2016)


Total Inventory

Total Inventory of one bedroom condo units in Burnaby in October 2017 (see graph below)

Burnaby East: 3 | -50.0% (change since October 2016)

Burnaby North: 26 | -21.2% (change since October 2016)

Burnaby South: 25 | -21.9% (change since October 2016)


New Listings

New Listings of one bedroom condo units in Burnaby in October 2017 (see graph below)

Burnaby East: 2 | -33.3% (change since October 2016)

Burnaby North: 28 | +33.3% (change since October 2016)

Burnaby South: 29 | +20.8% (change since October 2016)


Sales

Total Sales of one bedroom condo units in Burnaby in October 2017 (see graph below)

Burnaby East: 2 | +100.0% (change since October 2016)

Burnaby North: 27 | +35.0% (change since October 2016)

Burnaby South: 37 | +60.9% (change since October 2016)


Sales to Actives Ratio

Sales to Active Listings Ratio of one bedroom condo units in Burnaby in October 2017 (see graph below)

Burnaby East: 0.667 | +299.4% (change since October 2016)

Burnaby North: 1.038 | +71.3% (change since October 2016)

Burnaby South: 1.480 | +105.8% (change since October 2016)

In conclusion, the real estate market for condo units in Burnaby is still incredibly hot. A lot of units are selling over the asking price with multiple offers. We also see month after month a decreasing number of total inventory.

Detached Housing Market Update for Burnaby BC – Oct 2017

burnaby housing market update October 2017

Here is a closer look at the detached housing market in Burnaby BC for October 2017. Strata properties are not included in this post. Only resale properties are included in the statistics.

Average Sales Price

Average Sales Price of detached houses in Burnaby in October 2017 (see graph below)

Burnaby East: $1,506,750 | +23.7% (change since October 2016)

Burnaby North: $1,637,068 | +1.4% (change since October 2016)

Burnaby South: $1,744,347 | -3.0% (change since October 2016)


Average Percent of Original Price

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

Burnaby East: 98.5% | +0.5% (change since October 2016)

Burnaby North: 96.5% | +2.3% (change since October 2016)

Burnaby South: 94.6% | -1.5% (change since October 2016)


Total Inventory

Total Inventory for detached houses in Burnaby in October 2017 (see graph below)

Burnaby East: 65 | +14.0% (change since October 2016)

Burnaby North: 196 | +1.0% (change since October 2016)

Burnaby South: 231 | +2.2% (change since October 2016)


New Listings

New Listings of detached houses in Burnaby in October 2017 (see graph below)

Burnaby East: 22 | -4.3% (change since October 2016)

Burnaby North: 60 | 0.0% (change since October 2016)

Burnaby South: 75 | +25.0% (change since October 2016)


Sales

Total Sales for detached houses in Burnaby in October 2017 (see graph below)

Burnaby East: 4 | -33.3% (change since October 2016)

Burnaby North: 37 | +76.2% (change since October 2016)

Burnaby South: 46 | +170.6% (change since October 2016)


Sales to Actives Ratio

Sales to Active Listings Ratio for detached houses in Burnaby in October 2017 (see graph below)

Burnaby East: 0.062 | -41.0% (change since October 2016)

Burnaby North: 0.189 | +75.0% (change since October 2016)

Burnaby South: 0.199 | +165.3% (change since October 2016)

In conclusion, detached housing market in Burnaby is a balanced market. Houses are still selling but the prices are not increasing, for the most part. We see average for the season inventor levels and sales numbers.

Downtown Vancouver condo units market update – October 2017 (1 bedroom & studio)

Downtown Vancouver condo units market update – October 2017 (1 bedroom & studio)

downtown vancouver condo market update October 2017

Let’s take a look at one bedroom and studio condo units in downtown Vancouver in October 2017. This real estate market update will focus on resale strata units. New construction is not included. For detached properties see a separate post.

Average Sales Price

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

Coal Harbour: $1,029,049 | +87.5% (change since October 2016)

Downtown VW: $653,133 | +21.9% (change since October 2016)

West End: $750,659 | +26.4% (change since October 2016)

Yaletown: $611,579 | +13.4% (change since October 2016)


Average Percent of Original Price

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

Coal Harbour: 100.5% | +3.8% (change since October 2016)

Downtown VW: 102.5% | +3.0% (change since October 2016)

West End: 99.5% | +1.5% (change since October 2016)

Yaletown: 100.1% | +0.5% (change since October 2016)


Average Price Per Square Foot

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

Coal Harbour: $1,394 | +52.2% (change since October 2016)

Downtown VW: $1,091 | +22.7% (change since October 2016)

West End: $1,151 | +18.9% (change since October 2016)

Yaletown: $996 | +25.1% (change since October 2016)


Total Inventory

Total Inventory for ONE bedroom condos in downtown Vancouver in October 2017 (see graph below)

Coal Harbour: 12 | -57.1% (change since October 2016)

Downtown VW: 55 | -67.8% (change since October 2016)

West End: 33 | -31.3% (change since October 2016)

Yaletown: 36 | -26.5% (change since October 2016)


New Listings

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

Coal Harbour: 7 | -30.0% (change since October 2016)

Downtown VW: 64 | 0.0% (change since October 2016)

West End: 41 | +57.7% (change since October 2016)

Yaletown: 30 | +30.4% (change since October 2016)


Sales

Total Sales of ONE bedroom condo units in downtown Vancouver in October 2017 (see graph below)

Coal Harbour: 8 | +60.0% (change since October 2016)

Downtown VW: 48 | +14.3% (change since October 2016)

West End: 30 | +20.0% (change since October 2016)

Yaletown: 24 | +71.4% (change since October 2016)


Sales to Actives Ratio

Sales to Active Listings Ratio for ONE bedroom condo units in downtown Vancouver in October 2017 (see graph below)

Coal Harbour: 0.667 | +272.6% (change since October 2016)

Downtown VW: 0.873 | +254.9% (change since October 2016)

West End: 0.909 | +74.5% (change since October 2016)

Yaletown: 0.667 | +133.2% (change since October 2016)

In conclusion, downtown Vancouver condo market is still a very strong seller’s market. Average selling prices continues going up. Month after month we see record breaking numbers. No sight of slowing down for the Vancouver condo market.

Vancouver detached housing market update – October 2017

Let’s take a look at the detached housing market in Vancouver BC in October 2017. We will be looking at detached properties only.

Average Sales Price

Average Sales Price of detached houses in Vancouver BC in October 2017 (see graph below)

Vancouver East: $1,666,965 | +7.7% (change since October 2016)

Vancouver West: $4,285,891 | +20.8% (change since October 2016)


Average Percent of Original Price

Average Percent of the Original Asking Price of detached houses in Vancouver BC in October 2017 (see graph below)

Vancouver East: 97.8% | +1.1% (change since October 2016)

Vancouver West: 92.4% | -1.2% (change since October 2016)


Total Inventory

Total Inventory of detached houses in Vancouver BC in October 2017 (see graph below)

Vancouver East: 760 | +2.3% (change since October 2016)

Vancouver West: 790 | +17.0% (change since October 2016)


New Listings

All New Listings of detached houses in Vancouver BC in October 2017 (see graph below)

Vancouver East: 235 | +3.5% (change since October 2016)

Vancouver West: 201 | +26.4% (change since October 2016)


Sales

Total Sales for detached houses in Vancouver BC in October 2017 (see graph below)

Vancouver East: 103 | +63.5% (change since October 2016)

Vancouver West: 99 | +28.6% (change since October 2016)


Sales to Actives Ratio

Sales to Active Listings Ratio for detached houses in Vancouver BC in October 2017 (see graph below)

Vancouver East: 0.136 | +60.0% (change since October 2016)

Vancouver West: 0.125 | +9.6% (change since October 2016)

In conclusion, based on sales to active listings ratio both Vancouver East and Vancouver West are balanced markets. Detached housing market prices in Vancouver are stagnant.  It will be interesting to see how the market will react to the new “stress test” in early 2018.

Burnaby BC Detached Houses Market Update – September 2017

Burnaby BC Detached Houses Market Update – September 2017

burnaby housing market update sep 2017

Let’s take a closer look at the Burnaby BC detached housing market in September 2017. We will only look at detached re-sale properties. New construction and strata units are excluded.

Average Sales Price

Average Sales Price of detached houses in Burnaby in September 2017 (see graph below)

Burnaby East: $1,409,000 | +2.3% (change since September 2016)

Burnaby North: $1,702,333 | +10.7% (change since September 2016)

Burnaby South: $1,937,720 | 0.0% (change since September 2016)


Average Percent of Original Price

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

Burnaby East: 95.9% | +1.3% (change since September 2016)

Burnaby North: 95.0% | -0.1% (change since September 2016)

Burnaby South: 95.8% | +3.2% (change since September 2016)


Total Inventory

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

Burnaby East: 59 | +1.7% (change since September 2016)

Burnaby North: 217 | +8.5% (change since September 2016)

Burnaby South: 260 | +10.6% (change since September 2016)


New Listings

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

Burnaby East: 23 | +35.3% (change since September 2016)

Burnaby North: 95 | +25.0% (change since September 2016)

Burnaby South: 106 | +37.7% (change since September 2016)


Sales

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

Burnaby East: 8 | -11.1% (change since September 2016)

Burnaby North: 24 | -17.2% (change since September 2016)

Burnaby South: 25 | +38.9% (change since September 2016)


Sales to Actives Ratio

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

Burnaby East: 0.136 | -12.3% (change since September 2016)

Burnaby North: 0.111 | -23.4% (change since September 2016)

Burnaby South: 0.096 | +24.7% (change since September 2016)

In conclusion, Burnaby housing market has been a balanced market in September 2017. The prices are “holding”. We see healthy inventory levels and a good flow of new listings. If the same market trends continue we’ll be experiencing a buyer’s market in a few months time.

Burnaby Real Estate Condo Market Update – September 2017 (1 bedroom)

Burnaby Real Estate Condo Market Update – September 2017 (1 bedroom)

Burnaby condo market update for september 2017

Let’s take a look at Burnaby BC 1 bedroom condo market in September 2017. We will only focus on one bedroom condo units. Townhouses are not included. Detached homes have a separate market update.

Average Sales Price

Average Sales Price of one bedroom condos in Burnaby in September 2017 (see graph below)

Burnaby East: $450,667 | +8.6% (change since September 2016)

Burnaby North: $422,458 | +14.9% (change since September 2016)

Burnaby South: $472,052 | +34.1% (change since September 2016)


Average Percent of Original Price

Average Percent of Original Asking Price of one bedroom condo units in Burnaby BC in September 2017 (see graph below)

Burnaby East: 102.8% | +3.7% (change since September 2016)

Burnaby North: 100.8% | +0.1% (change since September 2016)

Burnaby South: 104.1% | +3.6% (change since September 2016)


Average Price Per Square Foot

Average Price Per Square Foot of one bedroom condo units in Burnaby BC in September 2017 (see graph below)

Burnaby East: $714 | +4.7% (change since September 2016)

Burnaby North: $657 | +14.1% (change since September 2016)

Burnaby South: $766 | +36.8% (change since September 2016)


Total Inventory

Total Inventory of one bedroom condo units in Burnaby BC in September 2017 (see graph below)

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

Burnaby North: 25 | -34.2% (change since September 2016)

Burnaby South: 38 | 0.0% (change since September 2016)

 


New Listings

New Listings of one bedroom condo units in Burnaby BC in September 2017 (see graph below)

Burnaby East: 2 | 0.0% (change since September 2016)

Burnaby North: 27 | +22.7% (change since September 2016)

Burnaby South: 39 | +18.2% (change since September 2016)


Sales

Total Sales of one bedroom condos in Burnaby BC in September 2017 (see graph below)

Burnaby East: 6 | +200.0% (change since September 2016)

Burnaby North: 19 | +18.8% (change since September 2016)

Burnaby South: 32 | +18.5% (change since September 2016)


Sales to Actives Ratio

Sales to Active Listings Ratio of one bedroom condos in Burnaby BC in September 2017 (see graph below)

Burnaby East: 1.200 | +140.0% (change since September 2016)

Burnaby North: 0.760 | +80.5% (change since September 2016)

Burnaby South: 0.842 | +18.4% (change since September 2016)

In conclusion, Burnaby condo market in September 2017 is still a very strong seller’s market. Although the inventory levels are slowly going up, the strong buyer demand drives prices up. East Burnaby is doing exceptionally well.

Downtown Vancouver Condo Market Update – September 2017 (1 bedroom)

Downtown Vancouver Condo Market Update – September 2017 (1 bedroom)

downtown vancouver condo market update september 2017

A detailed breakdown of 1 bedroom and studio condo units in downtown Vancouver. This real estate update will only focus on resale strata units. New construction units are not accounted for. Detached properties have their own market update.

Average Sales Price

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

Coal Harbour: $724,434 | +38.1% (change since September 2016)

Downtown VW: $677,084 | +29.2% (change since September 2016)

West End: $563,227 | +14.9% (change since September 2016)

Yaletown: $802,942 | +26.3% (change since September 2016)


Average Percent of Original Price

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

Coal Harbour: 99.2% | +1.1% (change since September 2016)

Downtown VW: 103.5% | +3.4% (change since September 2016)

West End: 101.5% | -2.9% (change since September 2016)

Yaletown: 104.7% | +5.7% (change since September 2016)


Average Price Per Square Foot

Average Price Per Square Foot for ONE bedroom condos in downtown Vancouver in September 2017 (see graph below)

Coal Harbour: $1,188 | +33.2% (change since September 2016)

Downtown VW: $1,109 | +25.7% (change since September 2016)

West End: $935 | +20.2% (change since September 2016)

Yaletown: $1,172 | +17.9% (change since September 2016)


Total Inventory

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

Coal Harbour: 14 | -46.2% (change since September 2016)

Downtown VW: 51 | -69.1% (change since September 2016)

West End: 38 | -11.6% (change since September 2016)

Yaletown: 33 | -47.6% (change since September 2016)


New Listings

All New Listings of ONE bedroom condo units in downtown Vancouver in September 2017 (see graph below)

Coal Harbour: 12 | -14.3% (change since September 2016)

Downtown VW: 69 | -6.8% (change since September 2016)

West End: 40 | +14.3% (change since September 2016)

Yaletown: 45 | +21.6% (change since September 2016)


Total Sales

Total Sales of ONE bedroom condo units in downtown Vancouver in September 2017 (see graph below)

Coal Harbour: 11 | +83.3% (change since September 2016)

Downtown VW: 58 | +18.4% (change since September 2016)

West End: 33 | +43.5% (change since September 2016)

Yaletown: 21 | +10.5% (change since September 2016)


 

Sales to Actives Ratio

Sales to Active Listings Ratio of ONE bedroom condo units in downtown Vancouver in September 2017 (see graph below)

Coal Harbour: 0.786 | +240.3% (change since September 2016)

Downtown VW: 1.137 | +282.8% (change since September 2016)

West End: 0.868 | +62.2% (change since September 2016)

Yaletown: 0.636 | +110.6% (change since September 2016)

In conclusion, downtown condo market is still very active. It continues being a strong seller’s market with a majority of 1 bedroom units selling over the asking price. In September we’ve seen some of the lowest inventory levels in the past 10 years. Prices are continuously climbing.

 

Vancouver Detached Housing Market Real Estate Update – September 2017

Vancouver Detached Housing Market Real Estate Update – September 2017

vancouver housing market update september 2017

Here are statistics for the Vancouver detached housing market for September 2017. We will look at resale properties only. No new construction. Strata units such as condos and townhouses have a separate market update.

Average Sales Price

Average Sales Price of detached houses in Vancouver BC in September 2017 (see graph below)

Vancouver East: $1,639,802 | +3.1% (change since September 2016)

Vancouver West: $4,105,927 | +10.9% (change since September 2016)


Average Percent of Original Price

Average Percent of Original Price for the detached houses in Vancouver BC in September 2017 (see graph below)

Vancouver East: 98.0% | +0.1% (change since September 2016)

Vancouver West: 93.5% | -1.0% (change since September 2016)


Total Inventory

Total Inventory of detached houses in Vancouver BC in September 2017 (see graph below)

Vancouver East: 765 | +6.4% (change since September 2016)

Vancouver West: 810 | +12.5% (change since September 2016)


New Listings

All new listings of detached houses in Vancouver BC in September 2017 (see graph below)

Vancouver East: 264 | -7.7% (change since September 2016)

Vancouver West: 302 | +25.8% (change since September 2016)


Sales

All sales of detached houses in Vancouver BC in September 2017 (see graph below)

Vancouver East: 91 | +35.8% (change since September 2016)

Vancouver West: 73 | +17.7% (change since September 2016)


Sales to Actives Ratio

All sales to active listings ratio of detached houses in Vancouver BC in September 2017 (see graph below)

Vancouver East: 0.119 | +28.0% (change since September 2016)

Vancouver West: 0.119 | +28.0% (change since September 2016)

In conclusion, Vancouver housing market is showing signs of slowing down. Vancouver West is a strong buyer’s market with Vancouver East slowly shifting towards a buyer’s market. High inventory levels of available houses for this season. Average sale price for detached houses is holding strong with Vancouver West increasing by 10% as compared to September 2016.

 

 

Vancouver Detached Housing Update for August 2017

Vancouver Detached Housing Update for August 2017

vancouver detached housing market update august 2017

Vancouver BC detached houses real estate market update for August 2017. Let’s take a look at the statistics for resale homes. New construction and strata properties are excluded. All graphs go back 3 years.

Average Sales Price

Average Sales Price of detached houses in Vancouver BC in August 2017 (see graph below)

Vancouver East: $1,583,303 | +6.0% (change since August 2016)

Vancouver West: $4,314,645 | +8.8% (change since August 2016)


Average Percent of Original Price

Average Percent of Original Price of detached houses in Vancouver BC in August 2017 (see graph below)

Vancouver East: 97.4% | -0.6% (change since August 2016)

Vancouver West: 95.9% | -0.1% (change since August 2016)


 

Total Inventory

Total Available Inventory of detached houses in Vancouver BC in August 2017 (see graph below)

Vancouver East: 746 | +11.2% (change since August 2016)

Vancouver West: 739 | +9.3% (change since August 2016)


 

New Listings

All New Listings of detached houses in Vancouver BC in August 2017 (see graph below)

Vancouver East: 201 | -14.1% (change since August 2016)

Vancouver West: 180 | -2.2% (change since August 2016)


 

Sales

Total Sales of detached houses in Vancouver BC in August 2017 (see graph below)

Vancouver East: 110 | +41.0% (change since August 2016)

Vancouver West: 49 | -15.5% (change since August 2016)


 

Sales to Active Listing Ratio

Sales to Active Listings Ratio for detached houses in Vancouver BC in August 2017 (see graph below)

Vancouver East: 0.147 | +26.7% (change since August 2016)

Vancouver West: 0.066 | -23.3% (change since August 2016)

We see high inventory levels especially in Vancouver East. Most detached houses are selling 3-5% under the original asking price. It seems that Vancouver housing market is a buyer’s market. With a lot of available inventory it’s a good time to be a buyer.

Downtown Vancouver Condo Market Update for Aug 2017 (1 bedroom)

Downtown Vancouver Condo Market Update for Aug 2017 (1 bedroom)

downtown Vancouver condo market update for August 2017

Downtown Vancouver real estate market update for August 2017. We will only focus on resale 1 bedroom and studio units. Townhouses and detached houses are not included in this real estate update. All graphs go back 3 years.

Average Sales Price

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

Coal Harbour: $722,354 | +10.4% (change since August 2016)

Downtown VW: $649,275 | +19.8% (change since August 2016)

West End: $572,085 | +17.6% (change since August 2016)

Yaletown: $754,735 | +28.4% (change since August 2016)


Average Percent of Original Price

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

Coal Harbour: 100.5% | 0.0% (change since August 2016)

Downtown VW: 103.1% | +1.4% (change since August 2016)

West End: 103.2% | +1.5% (change since August 2016)

Yaletown: 97.8% | -3.9% (change since August 2016)


 

Average Price Per Square Foot

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

Coal Harbour: $1,201 | +13.9% (change since August 2016)

Downtown VW: $1,090 | +21.0% (change since August 2016)

West End: $970 | +28.1% (change since August 2016)

Yaletown: $1,132 | +18.9% (change since August 2016)


 

Total Inventory

Total Inventory of ONE bedroom condo units in downtown Vancouver in August 2017 (see graph below)

Coal Harbour: 15 | -34.8% (change since August 2016)

Downtown VW: 54 | -67.9% (change since August 2016)

West End: 37 | +12.1% (change since August 2016)

Yaletown: 16 | -72.9% (change since August 2016)


 

New Listings

New Listings of ONE bedroom condo units in downtown Vancouver in August 2017 (see graph below)

Coal Harbour: 12 | -14.3% (change since August 2016)

Downtown VW: 63 | -17.1% (change since August 2016)

West End: 34 | +13.3% (change since August 2016)

Yaletown: 22 | -47.6% (change since August 2016)


 

Total Sales

Total Sales of ONE bedroom condo units in downtown Vancouver in August 2017 (see graph below)

Coal Harbour: 11 | +83.3% (change since August 2016)

Downtown VW: 64 | +45.5% (change since August 2016)

West End: 32 | +39.1% (change since August 2016)

Yaletown: 23 | +9.5% (change since August 2016)


 

Sales to Active Listings Ratio

Sales to Active Listings Ratio for ONE bedroom condo units in downtown Vancouver in August 2017 (see graph below)

Coal Harbour: 0.733 | +180.8% (change since August 2016)

Downtown VW: 1.185 | +352.3% (change since August 2016)

West End: 0.865 | +24.1% (change since August 2016)

Yaletown: 1.438 | +303.9% (change since August 2016)

This August we have seen record low inventory numbers, for the season. The buyer demand is outpacing the supply. Sales to active listing ratios are high and the average sale prices continue climbing.