Burnaby pretty good real estate sales numbers in May. The Real Estate Board of Greater Vancouver (REBGV) reported in it’s monthly press release that residential property sales of detached, attached and apartment properties in Greater Vancouver reached 3,377 in May 2011. This was a 7% increase compared to the 3,156 sales in May 2010 and a 4.7% increase compared to the 3,225 sales in April 2011.
According to the REBGV’s MLS® Sales Facts, Burnaby had 164 detached property sales, 84 attached property sales, and 197 condo or apartment sales in May. The median selling price for each property type was $910,000, $497,500, and $348,000 respectively. Compared to May 2010, detached property prices were up a staggering $100,000. Attached properties were up $20,000, and condos or apartment prices were pretty stagnant.
In regards to Burnaby real estate listings in May, there were 221 detached properties listed, 151 attached properties, and 334 condos or apartments listed. The percentage of sales to listings was detached properties 74%, attached properties 56%, and condos or apartments 59%.
You can find the full real estate stats package for May 2011 on the Real Estate Board of Greater Vancouver website.
