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.