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Burnaby - Greater Vancouver Real Estate Market Report December 2016


Blog by Lynn Le Drew, PREC* | January 8th, 2017


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Greater Vancouver Real Estate Market Report From Snap Stats - December 2016

See the latest Snaps Stats Video: 




So What's Really Happening In The Burnaby Real Estate Market? 

Detached ( Single Family Homes): 

Annual Variance: If we compare Dec 2015 to Dec 2016 homes prices are only up 1% but the number of sales have decreased by 60% which is a very significant decrease. 

Median sale price in December 2016 was $1,500,000 for detached homes in Burnaby.  Homes have been selling on average at 6% below list price. 

Sales Ratio was 16% which is considered a Balanced Market. 


Attached Homes (Condos and Townhomes): 

Annual Variance: If we compare Dec 2015 to Dec 2016 homes prices are up 24% but the number of sales have decreaed by 49% and the inventory levels are also significantly down. 

Median sale price in December 2016 was $506,500 for attached homes in Burnaby.  Homes have been selling on average 3% below list price. 

Sales Ration was 56% making this a strong Seller's Market. 


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