Condos Market Report

October 2023 Central BN Condos Market

Condos market data for Central BN, Burnaby — October 2023. Average sold price $2,900,000, 1 sold in 30 days, 48 avg days on market.

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Buyer's MarketCentral BN condos is currently a buyer's market. 2.6% sales-to-active listings ratio — homes selling in an average of 48 days, at an average sold price of $2,900,000 — well-priced properties are attracting strong demand.
1
Condos Sold (30d)
$2.9M
Avg Sold Price
48d
Avg Days on Market
39
Homes For Sale

Current Central BN Condos Stats

Live MLS® data updated every 5 minutes. Most recent 30-day rolling window.

Condos Sold (30d)1
Avg Sold Price$2,900,000
Homes For Sale39
Avg Days on Market48 days
Months of Supply39.0 mo

October 2023 Central BN Market Snapshot

All property types — historical MLS® data for Central BN in October 2023.

All Types Sold8
Avg Sold Price$1,024,413
Avg Days on Market24 days
Avg Price per ft²$726,299

Central BN Monthly Market Trend

MonthSoldAvg Sold PriceAvg DOMAvg $/sqftMarket
September 20261$2,900,00048d$1,450,000—
August 20262$989,00029d$681,500Seller's
July 20265$1,352,50022d$932,650Seller's
June 20266$1,586,75050d$891,070Seller's
May 20264$1,311,25010d$736,250Seller's
April 20264$1,269,50021d$733,821Seller's

Frequently Asked Questions — Central BN Condos

How did the Central BN condos market perform in October 2023?+
The Central BN condos market currently shows 1 units sold in the last 30 days at an average price of $2,900,000, with an average of 48 days on market. Buyers have more choice and negotiating leverage. This data reflects the most recent 30-day MLS® activity.
What is the average price of a condo in Central BN?+
The average sold price for a condo in Central BN is currently $2,900,000, based on MLS® sales over the past 30 days. Prices vary by size, floor, age, and condition. Contact a local agent for a property-specific valuation.
How long do condos take to sell in Central BN?+
Condos in Central BN are currently selling in an average of 48 days on market. Well-priced properties in good condition tend to sell faster — sometimes within days of listing. Properties at higher price points may take longer.
What is the absorption rate for condos in Central BN?+
Central BN condos has a sales-to-active listings ratio (SALR) of 2.6%, below the 12% threshold that defines a buyer's market. There are more homes available relative to demand, giving buyers more time to consider their options and more room to negotiate on price and conditions. Sellers may need to price competitively to attract offers.
Is it a good time to buy a condo in Central BN?+
Central BN condos are currently in a buyer's market. The average price is $2,900,000. Whether now is the right time depends on your personal timeline, budget, and goals. A knowledgeable local agent can help you assess current opportunities.
How did the overall Central BN market perform in October 2023?+
In October 2023, the Central BN real estate market (all property types) recorded 8 sales at an average price of $1,024,413, with properties averaging 24 days on market at $726,299 per square foot.
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