Burnaby House Snapshot – Pumpkins and Mud

Halloween In Burnaby

It seems that a Halloween high can be found in the neighbourhood of Burnaby Heights where a whole load of events are planned for this annual event. The merchants and locals have got a lot of activities planned so if you got kiddies or better still if you are a kiddy then check out the Burnaby Height Halloween events here and have some freaky fun.

Before you do that you will of course want to find out how well Burnaby’s real estate market is fairing. With the facts here at hand you will have plenty of time to complete your deliberations and engage in conversation with the local ghouls and goblins.

This Burnaby snapshot covers all of the Burnaby neighbourhoods for the periods Aug 24, 2011 to September 24, 2011 and September 24 to October 24, 2011.

Total Listings

The total number of listings remain high but like those seen in the Coquitlam snapshot have had a moderate decrease from 560 in the Aug/Sept to 543 in Sept/Oct.

Homes Sold

As seen in yesterday’s Coquitlam snapshot, Burnaby has also suffered a setback in sales with Aug/Sept recording 83 units sold while Sept/Oct recording 56 at this point.

Expired, Days on Market

  • 31 listing mandates expired in Aug/Sept and increased to Sept/Oct 41.
  • The number of days it took to sell a Burnaby home decreased from Aug/Sept’s 32 to Sept/Oct’s 22.

Burnaby Detached Homes Average and Median Prices

  • Aug/Sept’s Average Ask price was $1,044,940. The average ask price dropped in Sept/Oct to $993,891.
  • The Median Ask price in this snapshot was $930,000 in Aug/Sept and increased slightly to $938,000 in the Sept/Oct period.
  • Aug/Sept’s Average Sold price was $1,020,643. The Average Sold decreased in the Sept/Oct period to $970,273.
  • The Median Sold price recorded in Aug/Sept was $931,000 but held almost steady in Sept/Oct at $930,250.

Mud

Burnaby may be high on Halloween but, the fewer number of days it takes to sell a home creates an image much like this field of pumpkins where slowing sales combined with subsiding average and median prices leave seller’s pumpkins awash in a sea of mud.

Image Credit: Vancouver Photographer – John Harvey

About Larry Yatkowsky

Larry is a recognized real estate expert. A veteran professional, his experienced counsel leads Vancouverites in his west side community to place their trust in a man passionate about his work. Uncompromising ethics bring a balanced approach to realizing your real estate dreams.

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*Disclaimer: Statistics Courtesy REBGV. While believed to be accurate they are not guaranteed.
**Numbers provided may vary as they are dynamically posted by the REBGV.

Reader Comments:

vanpro Says:
October 25th, 2011 at 10:08 am

Burnaby detached MOI soars to just under 10 = 543/56 from 6.74 = 560/93 last month !!!

VMD Says:
October 25th, 2011 at 2:58 pm

watch out vanpro, as Larry said, the Sold numbers are tricky. Last month’s burnaby snapshot said there were 40 sales from 8/24-9/23.
Now the final data says there were 83 sales during the same time frame.

It is reasonable to assume the current sale numbers under-estimate the acutal number by 50-100% .

vanpro Says:
October 26th, 2011 at 7:51 am

VMD: and listings numbers are not similarly under-reported during same time period? As long as you are comparing apples-to-apples one period to the next, the data can be used to calculate MOI’s – last month, the final stats from the REBGV confirmed MOI’s increased substantially.

Roger Says:
October 29th, 2011 at 2:16 pm

Strong numbers in burnaby YOY. Sales and median price up. Average sales price up too (since van pro likes that stat)

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