Mainland Chinese buying wave hit Burnaby area
Please click Podcast listen to Cantonese interview
During my 1st real estate seminar in January, I share my view about Burnaby being the next hit area for Mainland Chinese buyer. Well, 2 months later, here they come. Check out these stats below:
Burnaby Stats between Jan & Mar, 2011:
January total sales: 71, 21 over 1 million, highest sold price at $2,460,000
February total sales: 117, 35 over 1 million, highest sold price at $4,300,000
March total sales: 99, 34 over 1 million, highest price at $1,925,000
Sold at asking price or over asking over 1 million mark:
January: 1
February: 5
March: 10
Sold over asking under 1 million mark:
January: 14
February: 27
March: 37
Highest price sold in Burnaby in 2010 was at 2 million, so far the highest price is at $4.3m. To understand the market condition in details, email me your contact info at tinamak@tinamak.com or call me at 604-412-5860.
