BURKE MOUNTAIN MARKET STATS
Market Insight: By The Numbers
Burke Mountain is one of the strongest niche markets in all of Greater Vancouver. This area of Coquitlam leads in almost every category compared to the rest of Vancouver, and to other niche markets nearby. From Median Sale Price to Days on Market, Burke Mountain home sales take the cake! You don't have to take my word for it! The stats back it up. See for yourself!
MEDIAN SALE PRICE
Calculations are based on MLS sold data. Median represents the point at which half of the homes that sold in a given month were priced higher and half were priced lower.
% OF ORIGINAL PRICE
Percentage found when dividing a listing's sales price by its original list price, then taking the average for all sold listings in a given month. Calculations are based on MLS sold data.
DAYS ON MARKET
Median number of days between when a property is listed and when an offer is accepted in a given month. Calculations are based on MLS sold data.
TOTAL INVENTORY
The number of properties available for sale in active status at the end of a given month. Calculations are based on MLS listing data.
TOTAL SALES
A count of the actual sales that closed in a given month. Calculations are based on MLS sold data.
SALES/ACTIVES RATIO
The number of home sales divided by total active inventory for the specified period. Calculations are based on MLS sold data.
