The Burnaby mountain SFU condo and townhouse real estate market remained one of the best neighbourhoods in Burnaby to be selling. The overall list to sales ratio was 80%, with 20 listings and 16 sales, which means upwards pressure on prices for most homes.
Here’s the breakdown for condos and town homes in Burnaby in May:
Overall Burnaby is in a Seller’s market with a 48% list to sales ratioThe most active price range was for homes between $600K to $700KCondos & townhomes are selling on average 3% above list price.
Burnaby condo & townhome inventory has risen now for the 6th month straight, and total sales & benchmark prices rose slightly over April.
Thinking of buying or selling? We're here to help! Over 10 year’s of awarding winning experience and service for home buyers and sellers.
*Buyer’s Market 1-11%, Balanced Market 12-20%, Seller’s Market 21% and up.
All stats derived from Dean Wegman & SnapStats.
Here’s the breakdown for condos and town homes in Burnaby in May:
Overall Burnaby is in a Seller’s market with a 48% list to sales ratioThe most active price range was for homes between $600K to $700KCondos & townhomes are selling on average 3% above list price.
Buyer’s Best Bet: Homes between $1M to $1.25M, in Vancouver Heights and up to 3 bedroom properties
Seller’s Best Bet: Selling Homes in SFU, Gov’t Road, and Sullivan Heights and up to 1 bedroom properties.
Burnaby condo & townhome inventory has risen now for the 6th month straight, and total sales & benchmark prices rose slightly over April.
Thinking of buying or selling? We're here to help! Over 10 year’s of awarding winning experience and service for home buyers and sellers.
*Buyer’s Market 1-11%, Balanced Market 12-20%, Seller’s Market 21% and up.
All stats derived from Dean Wegman & SnapStats.