Burnaby Detached Housing Market Update – February 2018

MLS Home Price Index

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

Burnaby East: $1,281,200 | +10.4% (change since February 2017)

Burnaby North: $1,532,700 | +2.2% (change since February 2017)

Burnaby South: $1,682,600 | +2.8% (change since February 2017)


Average Sales Price

Average Sales Price for the detached houses in Burnaby in February 2018 (see graph below)

Burnaby East: $1,634,333 | +30.6% (change since February 2017)

Burnaby North: $1,702,882 | +7.0% (change since February 2017)

Burnaby South: $1,920,370 | +6.3% (change since February 2017)


Average Percent of Original Price

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

Burnaby East: 92.3% | -7.4% (change since February 2017)

Burnaby North: 95.3% | -1.2% (change since February 2017)

Burnaby South: 98.2% | +4.6% (change since February 2017)


Total Inventory

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

Burnaby East: 75 | +38.9% (change since February 2017)

Burnaby North: 195 | +16.8% (change since February 2017)

Burnaby South: 193 | -9.8% (change since February 2017)


New Listings

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

Burnaby East: 27 | +12.5% (change since February 2017)

Burnaby North: 67 | -4.3% (change since February 2017)

Burnaby South: 61 | +5.2% (change since February 2017)


Sales

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

Burnaby East: 8 | +100.0% (change since February 2017)

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

Burnaby South: 24 | +50.0% (change since February 2017)


Sales to Actives Ratio

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

Burnaby East: 0.107 | +44.6% (change since February 2017)

Burnaby North: 0.108 | -33.3% (change since February 2017)

Burnaby South: 0.124 | +65.3% (change since February 2017)

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