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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

Feb 1, 2020

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.

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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.