Index Abbotsford Burnaby North Burnaby Chilliwack Coquitlam North Delta Delta Ladner Langley N. Langley Vancouver Real Estate Investments Maple Ridge Mission New West Port Coquitlam Port Moody Richmond Surrey West Surrey East South Surrey White Rock Vancouver Westside Downtown-West End East Vancouver West Van North Van

Sponsored in part by Virtual Real Estate Assistants

North Burnaby RE/MAX Reports Market Update

Hi , your free RE/MAX Market Share Reports Plus many Advanced Market Reports.

Question? Do you know when 's market will switch to a Buyers Market, in advance?

Bottom-line if you are not using our Advanced Market Reports you have lost 25% of your profits.

Our Advanced Reports and the Stats Boot Camp Course empower Agents to get shaper prices;higher sell-through rates and to be able to show their clients the actual market trends.

Many of these Advanced Reports will probably look like gibberish until you take a lesson. Once empowered with your own personalized reports, then you can really understand the market trends to protect your clients and make you more money. Standing by to help you :) Bill Coughlin 778-374-3744 eXp Realty

Now even Condominiums eked small gains in most communities this year!

Would like to to see the Condos Low & the Townhouse Changes too? Note: All of these Home Price Changes are complied from the most accurate VMR Home Price Index (paired) HPIp

, if you do not want any future RE/MAX Market Reports Please reply Remove Me and you will be sorely missed! :) Bill Coughlin

......

Burnaby

June 1, 2021

Current: Burnaby's Residential Detached housing market is in a Seller Market with 19 %SOLD rate.
(This means 19 homes out of 100 sold last month with an average $0 Discount from the original price) Lesson

Most Active Range: Homes between $1.3 mill. - $1.45 mill. have 52.9 %SOLD rate
Least Active Range: Homes above $2.6 mill. have 7.4 %SOLD rate.

History: The Burnaby Year-To-Date Home Price Index HPIp (Top 50%) shows that prices increased $454,439.
The Burnaby Home PriceIndexHPIp (Lower 50%) Year-To-Date shows that prices increased $283,819.
*The HPIp (Home Price Index) is an approximate reflection of the Average Home Price Changes.

Forecast: Burnaby has a normal Listing supply; 372 homes are for sale and with the 19 %SOLD monthly rate gives us a ~5 months of inventory. 8% of the active listings have reduced their price by $96,845 on average or $90,500 median. We project Burnaby to be a continued Seller market.

May's Real Estate Statistics show that the seller's market is near its end. We have seen 86% of the Single-Family Homes in Metro Vancouver go up with an Average Monthly Price increase of $8,840! On the Other Hand, 67% of the Fraser Valley Detached Markets went up with a Monthly Price increase of $9,394 on average! Due to tougher mortgage qualification rules, we are forecasting that the majority of the Metro Vancouver Markets will flip to a Buyer's Market within 2-3 weeks.

Currently, Condos are in a more subdued Seller's Market with 77% of the Greater Vancouver (Lower Mainland) Condo Prices increasing. The average monthly price increase was $6,150. On the other hand, 96% of Townhouse Markets (27 out of 28) increased an average of $7,859. We analyze and provide 97 individual City's Home Price Indexes to supply you with the MOST ACCURATE Market Trends every Saturday. Please contact us for your own Market Value Update with an in-depth Analysis and Forecast in your Local Market Area and more specifically - Your Neighborhood.