Burnaby Detached Housing Market Real Estate Update – April 2018

MLS Home Price Index

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

Burnaby East: $1,331,300 | +11.0% (change since April 2017)

Burnaby North: $1,595,800 | +4.5% (change since April 2017)

Burnaby South: $1,675,800 | +2.7% (change since April 2017)


Average Sales Price

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

Burnaby East: $1,564,000 | +1.7% (change since April 2017)

Burnaby North: $1,701,965 | +0.4% (change since April 2017)

Burnaby South: $1,721,767 | -2.6% (change since April 2017)


Average Percent of Original Price

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

Burnaby East: 94.5% | -2.7% (change since April 2017)

Burnaby North: 97.3% | -0.7% (change since April 2017)

Burnaby South: 96.8% | -0.4% (change since April 2017)


Average Listing to Contract Days

Average Number of Days on the Market of the detached houses in Burnaby in April 2018 (see graph below)

Burnaby East: 36 | -18.2% (change since April 2017)

Burnaby North: 21 | -22.2% (change since April 2017)

Burnaby South: 25 | -39.0% (change since April 2017)


Total Inventory

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

Burnaby East: 71 | +51.1% (change since April 2017)

Burnaby North: 224 | +28.7% (change since April 2017)

Burnaby South: 240 | +11.6% (change since April 2017)


New Listings

New Listings of the detached houses in Burnaby in April 2018 (see graph below)

Burnaby East: 29 | +16.0% (change since April 2017)

Burnaby North: 106 | +32.5% (change since April 2017)

Burnaby South: 103 | +25.6% (change since April 2017)


Total Sales

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

Burnaby East: 10 | -52.4% (change since April 2017)

Burnaby North: 26 | -50.0% (change since April 2017)

Burnaby South: 18 | -41.9% (change since April 2017)


Sales to Actives Ratio

Sales to Active Listings Ratio for the detached houses in Burnaby in April 2018 (see graph below)

Burnaby East: 0.141 | -68.5% (change since April 2017)

Burnaby North: 0.116 | -61.2% (change since April 2017)

Burnaby South: 0.075 | -47.9% (change since April 2017)

 

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