A detailed update of the detached housing market in Burnaby BC in January 2018. All graphs go back unto 3 years. All statistics have been pulled from the Real Estate Board of Greater Vancouver.
MLS Home Price Index
MLS Home Price Index for the detached houses in Burnaby in January 2018 (see graph below)
Burnaby East: $1,266,900 | +10.1% (change since January 2017)
Burnaby North: $1,567,900 | +5.9% (change since January 2017)
Burnaby South: $1,668,000 | +2.0% (change since January 2017)
Average Sales Price
Average Sales Price of the detached houses in Burnaby in January 2018 (see graph below)
Burnaby East: $1,663,521 | +35.9% (change since January 2017)
Burnaby North: $1,802,218 | +7.2% (change since January 2017)
Burnaby South: $1,821,165 | +21.4% (change since January 2017)
Average Percent of Original Price
Average Percent of Original Asking Price of the detached houses in Burnaby in January 2018 (see graph below)
Burnaby East: 92.5% | -1.9% (change since January 2017)
Burnaby North: 96.8% | +5.0% (change since January 2017)
Burnaby South: 94.8% | +7.5% (change since January 2017)
Total Inventory
Total Inventory of the detached houses in Burnaby in January 2018 (see graph below)
Burnaby East: 68 | +58.1% (change since January 2017)
Burnaby North: 164 | +6.5% (change since January 2017)
Burnaby South: 180 | -6.7% (change since January 2017)
New Listings
All new listings of the detached houses in Burnaby in January 2018 (see graph below)
Burnaby East: 26 | +160.0% (change since January 2017)
Burnaby North: 70 | -5.4% (change since January 2017)
Burnaby South: 69 | -25.0% (change since January 2017)
Sales
Total Sales of the detached houses in Burnaby in January 2018 (see graph below)
Burnaby East: 10 | +66.7% (change since January 2017)
Burnaby North: 18 | +28.6% (change since January 2017)
Burnaby South: 29 | +52.6% (change since January 2017)
Sales to Actives Ratio
Sales to active listings ratio for the detached houses in Burnaby in January 2018 (see graph below)
Burnaby East: 0.147 | +5.0% (change since January 2017)
Burnaby North: 0.110 | +20.9% (change since January 2017)
Burnaby South: 0.161 | +64.3% (change since January 2017)
In conclusion, there isn’t much change in the detached housing market from the previous couple of months. The market remains balanced.