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?

 

Feb 1, 2020

gas gauge

Current:  Burnaby's Residential Detached housing market is in a Stable Market with 15 %SOLD rate.
                (This means 15 homes out of 100 sold last month  with an average $88,000  Discount  from  the original price) Lesson

Most Active Range: Homes below $1.45 mill. have 25.0 %SOLD rate
Least Active Range: Homes between $2 mill. - $2.5 mill. have 6.8 %SOLD rate.

History: The Burnaby Year-To-Date Home Price Index HPIp (Top 50%) shows that prices decreased $94,000.
               The Burnaby Home PriceIndexHPIp (Lower 50%) Year-To-Date shows that prices decreased $42,652.
                   *The HPIp (Home Price Index) is an approximate reflection of the Average Home Price Changes.

Forecast: Burnaby has a normal Listing supply; 231 homes are for sale and with the 15 %SOLD monthly rate gives us a ~7 months of inventory. 6% of the active listings have reduced their price by $125,734 on average or $100,000 median. We project Burnaby to be a continued Stable market.

 

February's Real Estate Statistics shows a Normal Spring Market! Single Family Homes in Metro Vancouver experienced an Average Monthly Price increase of $2,749 a real improvement from the $3,176 price decrease the month prior. Finally, we have ended 32 consecutive months of dropping home prices. On the other hand, Single Family Homes in the Fraser Valley Market had a $4,302 monthly price increase, this is our most substantive recovery since the Peak in April 2018 with 94% of Detached Markets increased values. The Coronavirus issue now moves us into uncharted territory. The pent-up buyer demand is still there! Over the next few months, we are forecasting modest seasonal price increases in most Vancouver Detached Home Markets.

Currently, the Condo Market presents Seller Market conditions with 83% of the Greater Vancouver (Lower Mainland) Condo Prices increasing $1,428 on average. At the same time, 68% of the Townhouse Markets increased $831 on average (19 out of 28 Markets). We are forecasting increasing Condo and Townhouse Markets in the coming months. We analyze and provide 97 individual City's Home Price Indexes to supply you the MOST ACCURATE Market Trends every 2 weeks. 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.


   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 $1,600,000     

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?


No Flash? Use our Mobile Friendly Link

 

 

 

Date Value

                                                    计算你的房产价值;     与130的本地和全球市场比较你的投资利润
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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Bill Coughlin
EXP Realty

For Real Estate in Abbotsford, Mission, Langley, Surrey and Chilliwack

call me
1-778-374-3744

Coughlinb@gmail.com

Study Criteria: Sq.ft. 2000 to 3500, Frontage: Maximum 69, Bedroom: 3 to 6, Age: 3 to 65 years. As per Study area Map

Previous underpriced homes data

Why we study the market changes

People really want to know if the market is going up or down in the next quarter, and why not; a mistake could cost them 1,000's of their after tax equity!

Let me show you my extensive analyzing of the LOCAL neighborhood market areas and market projections.

  Registration for Monthly and Bi-Monthly Market Reports

  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 )

This is a free service to over 5 million viewers today!!! (

Request


*Full Name:
          
*Company:
          
*Email:
          
*City:
          

 

 

  5341 256 1783 Fairview 9102 Harvie Rd 418 33318 Bourquin Cres 7420 112 St  304 33599 2nd Ave  3374 273B St 206 2279 Mccallum Rd 33551 Kinsale 41023 Yale Rd 50380 Yale Rd 9572 162A 6285 Edson 2501 Grosvenor Pl 8865 Foulds 32858 Ashley 46925 Extrom 31750 Silverdale 2404 108 W Cordova 63615 Elder Rd 7955 229 324 Spruce 1623 King George Blvd 42831 Old Orchard  

 

      Gods Miracle Gardens  

.....E..

M.


Bill Coughlin
"Realtor and Lifestyle Consultant"

1-778-374-3744 cell
1-888-539-4664
Toll free

Coughlinb@gmail.com
CoughlinTeam.com  

EXP Realty
Serving the Greater Vancouver Cities 

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