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, When do you think 's SFD Home Prices will Peak.. turn to a Buyers Market?

How can you get More Listings SOLD?
Over Priced Listings are still the #1 problem (59% expiry rate in 2013): Only 26% of last years listings were listed on the money to be sold without having to reduce the listing price.

How can make your CMA's More Powerful and get a higher conversion at the RIGHT PRICE?

Over 1,000 CMA'S this Year have used these Advanced tools to get those sharper prices!

The ABSOLUTE Most Accurate Home Price Index (paired) HPIp now enables you to see the Home Value Histories, the Current Values to help you create your instant CMA's and soon to come the Forecasts

, may we show you how we help so many? (Yes)

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Price Reductions Work! In August, in the Vancouver area, 47% of the single family home sales over 30 Days On Market REDUCED their list price by $45,000 (median)
At the same time 59% of the August single family sales in FV/Chilliwack that were over 30 DOM REDUCED their list price by $19,994 (median)
Note: 61% of the listings now expiring had no price reduction! Last year 63.5% of the listings expired!

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

Burnaby

Sept 1, 2019

Current: Burnaby's Residential Detached housing market is in a Stable Market with 10 %SOLD rate.
(This means 10 homes out of 100 sold last month with an average $139,120 Discount from the original price) Lesson

Most Active Range: Homes between $1.45 mill. - $1.6 mill. have 15.9 %SOLD rate
Least Active Range: Homes between $2 mill. - $2.5 mill. have 3.9 %SOLD rate.

History: The Burnaby Year-To-Date Home Price Index HPIp (Top 50%) shows that prices decreased $119,597.
The Burnaby Home PriceIndexHPIp (Lower 50%) Year-To-Date shows that prices decreased $91,885.
*The HPIp (Home Price Index) is an approximate reflection of the Average Home Price Changes.

Forecast: Burnaby has a normal Listing supply; 382 homes are for sale and with the 10 %SOLD monthly rate gives us a ~10 months of inventory. 27% of the active listings have reduced their price by $103,444 on average or $100,000 median. We project Burnaby to be a continued Stable market.

August's Real Estate Statistics shows 67% of Vancouver's Detached Home decreased in values this month. Overall, Single Family Homes in Metro Vancouver experienced an Average Monthly Price Decrease of $13,210. This is a positive improvement from the $22,076 drop we saw in July. On the other hand, the Fraser Valley also shows a minimal monthly price decrease of just $1,699. We are forecasting Declining Detached Home Prices across most of the Fraser Valley and Vancouver Markets the next quarter.

Currently, the Condo Market presents a Cool Market with 80% of the Greater Vancouver (Lower Mainland) Condo Prices decreasing $3,518 on average. Many new Condo Projects are now competing against the existing market. On the same note, 64% of the Townhouse Markets decreased $3,432 on average (18 out of 28 Markets). We are forecasting a Buyer's Market in most Condo and Townhouse Markets for the coming quarter. 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.

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Spring 2014 Market News

STOP 61% of 's listings from EXPIRING!

Re/Max Market Share Reports

Index Abbotsford Burnaby Chilliwack Coquitlam North Delta Delta Ladner Langley N. Langley 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

Hello , fellow RE/MAX Agent.
These Re/MAX Market Share Reports are sponsored by the Canada's Most Referred Referral Network! we thank them for their support and please refer to them in your appreciation.

NOTE: This representation is based in whole or in part on the Real Estate Boards of Greater Vancouver, Fraser Valley, Chilliwack which assume no responsibility for its accuracy.

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.