Vancouver Real Estate Market Update Reports / South Burnaby Real Estate Market Update Forecast Report

      Burnaby Housing Market Forecasts and Trends

 


  Burnaby Real Estate Market Reports and Forecasts
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Burnaby Housing Market Update
East Burnaby, Government Road, Deer Lake, Capitol Hill BN, South Slope and all the sub-areas of Burnaby Real Estate Market Update Report.

What are Burnaby's Best and Worst Investments?


Archive Peak to Date Price Changes

Jun 1, 2024

gas gauge

Current:  Burnaby's Residential Detached housing market is in a Seller's Market with 16 %SOLD rate.
                (This means 16 homes out of 100 sold last month  with an average $10,000 decrease from the original price) Lesson

Most Active Range: Homes between $1.7 mill.- $1.9 mill. have 31.4 %SOLD rate
Least Active Range: Homes above $3.5 mill.have 6.3 %SOLD rate.

History: The Burnaby Year-To-Date Home Price Index HPIp (Top 50%) shows that prices increased $61,930.
               The Burnaby Home PriceIndexHPIp (Lower 50%) Year-To-Date shows that prices increased $68,121.
                   *The HPIp (Home Price Index) is an approximate reflection of the Average Home Price Changes.

Forecast: Burnaby has a normal Listing supply; 254 homes are for sale and with the 16 %SOLD monthly rate gives us a ~6 months of inventory. 6% of the active listings have reduced their price by $160,827 on average or $111,000  median. We project Burnaby now in Stable market.

Greater Vancouver May 2024:

The cost of single-family homes in Greater Vancouver showed an average price increase of $9,848, which is just under the $11,953 increase seen in April. Some good news: the Canadian Prime Rate did drop .25% which is a moral booster for some but still.  housing market will only get stronger if mortgage rates go down enough to make homes more affordable and a 1/4 point drop will not do that. We forecast that the Metro Vancouver area is now a Buyer's Market and will be for months ahead.

60% of the condos and townhouses increased in price last month. The price of Condos last month was up $2,602 on average, while townhouses now cost $699 more on average. We believe that the condo and townhouse markets will peak now and hold steady for the next few months in Vancouver. 

For the latest market trends, join us every Saturday at noon on VancouverMarketReports.com. We discuss which areas in the Lower Mainland are doing well and which are not. For a complete update on market values, forecasts, and a detailed analysis of your neighborhood, contact Bill Coughlin and the Coughlin Team at 778-374-3744.

 

Fraser Valley May 2024:

The cost of single-family homes in Fraser Valley showed an average price increase of $1,063, which is down from the $4,367 increase seen in April. Some good news: the Canadian Prime Rate did drop .25% which is a moral booster for some but still.  housing market will only get stronger if mortgage rates go down enough to make homes more affordable and a 1/4 point drop will not do that. We forecast the Fraser Valley area will turn to a Buyer's Market this month. 

The price of Condos last month dropped by $3,920, while townhouses also declined by $2,562 on average. We believe that the condo and townhouse markets will remain a buyers market for the next few months. 

For the latest market trends, join us every Saturday at noon on VancouverMarketReports.com. We discuss which areas in the Lower Mainland are doing well and which are not. For a complete update on market values, forecasts, and a detailed analysis of your neighborhood, contact Bill Coughlin and the Coughlin Team at 778-374-3744.

 


   Disclaimer: Market predictions are exactly that: predictions. Market conditions are changing daily and you should consult with your local expert to confirm facts before making any decisions.

 

   We invite you to analyze your home value/investment in 30+ market areas by inputting your previous purchase price and date in the Evaluator below! See "Evaluator / Forecaster" movie for directions. To see your homes monthly price changes from now on, just email your report to yourself. (3 bars link to email function)

 

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   Burnaby's Home Evaluator / ROI / Forecaster
Single Family Detached High End .. more than $2,000,000     

What Is Your Home Value, Profit; Return On Investment?
              你的房屋价值 ,利润, 投资收益率知多少?


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Calculate Your Home Value & Compare Your ROI to 130 Local & World Markets. 
           

 
 
 
 
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We thank Bill Coughlin for his support of these Burnaby Real Estate Updates which include sub-areas such as East Burnaby, Capitol Hill BN, South Slope, Government Road, Deer Lake etc. Contact Bill as the Local Expert.... more details.

Burnaby Real Estate Market updates for Deer lake, Goverment road and all other sub areas

Burnaby Real Estate Market updates for Deer lake, Goverment road and all other sub areas

Burnaby Real Estate Market updates for Deer lake, Goverment road and all other sub areas

Burnaby Real Estate Market updates for Deer lake, Goverment road and all other sub areas

Download the full BurnabyMarketupdatereport.PDF

Government Road, Deer Lake, East Burnaby, Capitol Hill BN, South Slope etc. sub areas updates for Burnaby

Government Road, Deer Lake, East Burnaby, Capitol Hill BN, South Slope etc. sub areas updates for Burnaby

Government Road, Deer Lake, East Burnaby, Capitol Hill BN, South Slope etc. sub areas updates for Burnaby

Government Road, Deer Lake, East Burnaby, Capitol Hill BN, South Slope etc. sub areas updates for Burnaby

This Burnaby Real Estate Market update includes the sub areas Government Road, Deer Lake, East Burnaby, Capitol Hill BN, South Slope etc.

Click Image to compare previous STR/ MTI graphs            Trying to do the math? Lessons:  STR   MTI 

Ladner, South Delta, Real Estate Market Update Report


 

   Burnaby , East Burnaby and NewWest            

This is the most accurate  %SOLD-Monthly Sell Through Rates (STR Graph)  using a 4 week time period to analysis the housing prices and Market trends. This Market Report is derived from the exact Sat to Friday 4 week time periods and this is dramatically more accurate than the month to month comparisons that vary based on actual working days eg month, weekends. These trends enable Real Estate Market predictions and forecast outlooks.

Burnaby , NewWest Real Estate Adsorption Reports Nov 23 2011

 

Disclaimer: Market predictions are exactly that: predictions. Market conditions are changing daily and you should consult with your local expert to confirm facts before making any decisions.

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  Vancouver and FV Market Reports and Forecasts

 

  Developers, Investors, Realtors or Financial Advisers.

  • Now you can be informed of the market changes as they happen.
    • Now you can receive bi-monthly updates.=
       
  • Each month we analyze the Real Estate Supply and Demand for 22 cities in the lower mainland: Vancouver to Chilliwack and we make the forecasts for the following month or more.

   Membership   Free,                 (Sponsored Realtors  Click here )

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