Here are the latest real estate market statistics from Macdonald Realty on the Greater Vancouver listings and sales in June 2019.
In the Burnaby Eastside, there were 5 sales of detached homes and 63 active listings at the end of the month. The benchmark sale price was $1,180,600.
In comparison, the condo market had 4 sales, 36 active listings and a benchmark sale price of $736,100.
Townhome sales were 6, active listings were 40. The benchmark sale price was $644,300.
It’s a buyer’s market in Burnaby East.
Burnaby North had 30 sales and 236 active listings for detached homes at the end of the month. The benchmark sales price was $1,399,800.
The condo market featured 54 sales, 311 active listings, and a benchmark sales price was $607,800.
The townhome market had 16 sales and 73 active listings. The benchmark sale price was $725,500.
It’s a buyer’s market for homes in Burnaby North.
In June, Burnaby South market had 26 sales and 247 active listings for detached homes. The benchmark sale price was $1,496,100.
There were 71 sales and 435 active listings for condos. The benchmark sale price was $666,200.
Townhome sales were 18, active listings were 107, the benchmark sale price was $762,600.
It’s a buyer’s market for homes and condos in Burnaby South.
The New Westminster market had 26 sales and 135 active listings for detached homes. The benchmark sale price was $1,051,100.
Condo sales were 67 and active listings were 370 at the end of the month. The benchmark sales price was $520,000.
In comparison, townhome market had 3 sales and 51 active listings. The benchmark sales price was $721,500.
It’s a balanced market for homes and condos in New Westminster.
Looking for more information about the real estate market in specific neighbourhoods in the Greater Vancouver?
MLS® Home Price Index (HPI) Benchmark Price
Average and median home prices are often misinterpreted, are affected by change in the mix of homes sold, and can swing dramatically from month to month (based on the types and prices of properties that sold in a given month). The MLS® HPI overcomes these shortcomings and uses the concept of a benchmark home, a notional home with common attributes of typical homes in a defined area. Visit www.housepriceindex.ca for more information.
This blog post is based on market data provided by the Real Estate Board of Greater Vancouver (REBGV) www.rebgv.org