The Burnaby mountain SFU condo and townhouse real estate market remained one of Burnaby’s strongest housing markets in July in a time of overall cooling.
How do we know? List to Sales Ratio
For Burnaby Mountain overall list to sales was 39%, a Seller’s market, with 28 listings and 11 sales. Upwards pressure on prices happens when in a Seller’s market for a period of 3 month’s or greater.
The BIGGER picture
Here’s the breakdown for condos and town homes in the city of Burnaby in July:
Overall a Seller’s market with a 22% list to sales ratioThe most active price range was for homes between $300K to $400KCondos & townhomes are selling on average 1% below list price.Buyer’s Best Bet: Homes between $900 to $1M, in Forest Glen and up to 3 bedroom propertiesSeller’s Best Bet: Selling Homes in Sullivan Heights b& SFU and up to 1 bedroom properties.
Burnaby condo & townhome inventory has risen now for the 5 months straight, total sales declined for the 2nd month, & benchmark prices dipped slightly over April.
Any Q's or more specific information needed on a particular neighbourhood please contact us.
We're here to help! Over 10 year’s of awarding winning experience and service for home buyers and sellers.
How do we know? List to Sales Ratio
- A buyer’s market has a 0-12% list to sales ratio
- A balanced market has a 12-20% list to sales ratio
- A seller’s market has a 21% or greater list to sales ratio
For Burnaby Mountain overall list to sales was 39%, a Seller’s market, with 28 listings and 11 sales. Upwards pressure on prices happens when in a Seller’s market for a period of 3 month’s or greater.
The BIGGER picture
Here’s the breakdown for condos and town homes in the city of Burnaby in July:
Overall a Seller’s market with a 22% list to sales ratioThe most active price range was for homes between $300K to $400KCondos & townhomes are selling on average 1% below list price.Buyer’s Best Bet: Homes between $900 to $1M, in Forest Glen and up to 3 bedroom propertiesSeller’s Best Bet: Selling Homes in Sullivan Heights b& SFU and up to 1 bedroom properties.
Burnaby condo & townhome inventory has risen now for the 5 months straight, total sales declined for the 2nd month, & benchmark prices dipped slightly over April.
Any Q's or more specific information needed on a particular neighbourhood please contact us.
We're here to help! Over 10 year’s of awarding winning experience and service for home buyers and sellers.