Many more "sold" signs were dusted off as July's real estate market sales went up from June.
In Burnaby, there were 361 home and apartment sales in July, compared to 311 the month before, according to Real Estate Board of Greater Vancouver's data.
"Demand has strengthened in our market in the last few months, which can, in part be attributed to pent-up demand from the slowdown in sales activity we saw at the end of last year," said Sandra Wyant, board president, in a media release.
In July, there were 626 listings in Burnaby compared to the 582 listings from June.
Home prices in Burnaby, on average, sold at $920,000 for detached homes, $479,900 for attached homes, and $375,000 for apartments last month.
"Home prices continue to experience considerable stability with minimal fluctuation throughout much of this year," Wyant said. "This stability in price brings greater certainty to the home buying and selling process."
The average prices for homes sold in Burnaby in June were $899,000 for detached homes, $496,640 for attached homes and $365,000 for apartments.
The real estate board says July was the highest selling month of the year for the region as a whole and the highest selling July since 2009.
The board reported that residential property sales in Greater Vancouver reached 2,946 on the Multiple Listing Service last month.
It represents a 40 per cent increase from 2,098 sales recorded in July 2012 and a 11.5 per cent increase from the 2,642 sales in June.
New listings for detached, attached and apartment properties in Greater Vancouver totalled 4,854 in July, which reflects a 1.1 per cent increase when compared to the same month last year, but the number of listings is down 0.4 per cent compared to June 2013.
Total listings have declined in the region by about eight per cent compared to July 2012, and a about a four per cent decrease from June.
The sales-to-active listings, however, rose twoand-a-half percentage points between June and July to 17.7 per cent in Greater Vancouver, which is the highest this ratio has climbed since April 2012.
The benchmark price for all residential properties in the region currently sits at $601,900, which is down about 2.3 per cent compared to this time last year but is an overall increase of 2.3 per cent over the last six months.
Detached property sales reached 1,249 in July, which was a 59 per cent increase from July 2012. The benchmark price for detached properties went down by three per cent from July 2012 to $920,500.
Apartment property sales went up 31 per cent with 1,210 last month compared to 927 in July 2012. They are also up by 16.3 per cent compared to the 1,040 sales in July 2011.
Average apartment property pricing went down 1.6 per cent from July 2012 to $368,300 for the region.
Attached property sales in July totalled 487, which was also up 27 per cent compared to 384 sales in July 2012 for the region.
It's also a 12.7 per cent increase for attached properties sold in July 2011.
