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Burnaby house prices keep growing even as sales drop

Sales dropped 11.3% from May to June of this year
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Home sales and listings declined in Burnaby last month.

Burnaby's housing sales remain high, but sales and listings took a dive last month. 

According to the Real Estate Board of Greater Vancouver's June report shows listing activities and sales have eased since record-setting paces were seen in March and April this year. 

Greater Vancouver saw 3,762 sales last month, which is a 54% increase from 2,443 sales in June of 2020, but a decrease of 11.9% decrease from 4,268 listings sold in May of this year. 

There were 5,849 detached, attached and apartment properties listed for sale on MLS during June of 2021 which marks a 17.9 decline compared to May when there were 7,125 homes listed. 

In Burnaby, the numbers were as follows: 

JUNE 2021 - NUMBER OF SALES

  • Detached - 102
  • Attached - 99
  • Apartment - 273

MEDIAN SELLING PRICE

  • Detached - $1,874,000
  • Attached - $885,000
  • Apartment - $633,000

MAY 2021 - NUMBER OF SALES

  • Detached - 115
  • Attached - 110
  • Apartment - 296

MEDIAN SELLING PRICE

  • Detached - $1,784,000
  • Attached - $905,750
  • Apartment - $635,000

May to June of 2021, listings fell by 27.6% for detached homes, -21.2% for attached and -10.3% for apartments. 

Sales dropped 11.3% for detached homes, 10% for attached and 7.8% for apartments. 

Areas covered by the Real Estate Board of Great Vancouver including Burnaby, Coquitlam, Maple Ridge, New Westminster, North Vancouver, Pitt Meadows, Port Coquitlam, Port Moody, Richmond, South Delta, Squamish, Sunshine Coast, Vancouver, West Vancouver and Whistler.

 

real-estate-board-of-greater-vancouverResidential Average Sale Prices for January 1977 to June 2021. . By Real Estate Board of Greater Vancouver
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