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.