According to the Real Estate Board of Greater Vancouver (REBGV), activity in the Greater Vancouver real estate market continued to strengthen in March. The property market has had a very strong start to the spring season, according to the monthly stats released.
Burnaby Real Estate Stats
Burnaby has seen a huge increase in property listings come on the market compared to February:
221 detached homes, 144 attached homes, and 336 apartments were listed in March.
There were also huge gains in the number of real estate sales in Burnaby in March:
160 detached homes, 103 attached homes, and 191 apartments were sold during the month.
Overall, there was a 1.4% increase in the price of property in Burnaby in March, based on sales of detached (1.9% increase) and attached homes (1.3% increase) and apartments (1% increase), based on the MLSlink Housing Price Index.
The benchmark price of a detached home in Burnaby is now $882,731, the benchmark price of an attached home is now $501,257, and the benchmark price of an apartment is now $364,847. The benchmark price is the estimated sale price of a benchmark property. Benchmarks represent a typical property within each market.
For more information, see the Real Estate Board of Greater Vancouver (REBGV) website.