Burnaby & New West
Faith Wilson Group Presents BURNABY & NEW WEST BURNABY & NEW WEST’S MONTHLY RESIDENTIAL REAL ESTATE ANALYSIS APRIL 2017 April Units Sales New Listings: 232 115 in Apr 2017 MEDIAN SALE PRICE FOR APR: % % $ 14 44 1,550,000 INCREASE DECREASE NO CHANGE vs. Apr 2016 over Mar 2017 vs. Apr 2016 Detached MEDIAN SOLD PRICE NEW LISTINGS Units Sold $511 Per Sq.Ft. INCREASE 59 in Apr 2017 % % % 60 26 11 APR 2017 DECREASE INCREASE vs. Mar 2017 vs. Apr 2016 since Apr 2016 Townhome MEDIAN Units Sold AVERAGE Days on Market 355 in Apr 2017 SALE PRICE for 1 Bed / 1 Bath % Built in 2010 or Later: $ 8 13 449,962 11% DECREASE DECREASE % Condos vs. Mar 2017 vs. Apr 2016 22 INCREASE vs. Apr 2016 APRIL - SINGLE FAMILY DETACHED HOMES THE REAL BURNABY & NEW WEST RESULTS: APR 2017 THE REAL NEIGHBOURHOOD RESULTS: APR 2017 SALES PRICE MONTHLY TREND SALES AND BENCHMARK BENCHMARK PRICE $1,900,000 PRICES BY NEIGHBOURHOOD CHANGE (%) $ 1,800,000 MLS® Neighbourhood Unit Sales HPI Benchmark Price 1 Month 3 Months $ 1,700,000 Average Sales Price $1,606,102 VBN $1,597,668 – $1,600,000 $1,576,739 $1,558,602 $1,480,000 Brentwood Park 0 $1,500,300 0.00 4.22 $1,500,000 Capitol Hill BN 6 $1,428,400 0.10 2.00 $1,342,479 $1,480,000 $1,550,000 $1,466,948 $1,467,500 $1,400,000 $1,500,000 Central BN 2 $1,296,500 0.18 1.70 $ Median Sales Price Government Road 4 $1,864,200 1.20 3.06 1,300,000 $1,304,000 – Montecito 5 $1,579,900 0.95 3.50 NOV DEC JAN FEB MAR APR Parkcrest 4 $1,520,000 0.86 3.11 DAYS ON MARKET MONTHLY TREND Simon Fraser Univer.
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