Houses Market Report

January 2024 Burnaby Lake Houses Market

Houses market data for Burnaby Lake, Burnaby — covering sales volume, pricing, and days on market for January 2024.

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Buyer's MarketBurnaby Lake houses is currently a buyer's market, with 10.1% sales-to-active listings ratio.
4
All Types Sold
$1.65M
Avg Sold Price
51d
Avg Days on Market
$826,625
Avg $/sqft

January 2024 Burnaby Lake Market Snapshot

All property types — historical MLS® data for Burnaby Lake in January 2024.

All Types Sold4
Avg Sold Price$1,653,250
Avg Days on Market51 days
Avg Price per ft²$826,625

Burnaby Lake Monthly Market Trend

MonthSoldAvg Sold PriceAvg DOMAvg $/sqftMarket
September 20267$1,569,21469d$773,768—
August 20263$1,030,00050d$613,657Seller's
July 20264$1,729,00056d$552,223Seller's
June 20263$1,310,60335d$839,968Seller's
May 20262$1,650,00019d$825,000Seller's
April 20267$1,850,04356d$867,164Seller's

Frequently Asked Questions — Burnaby Lake Houses

How did the Burnaby Lake houses market perform in January 2024?+
January 2024 houses data for Burnaby Lake is being compiled. Check back soon or view the full Burnaby Lake market report.
What is the absorption rate for houses in Burnaby Lake?+
Burnaby Lake houses has a sales-to-active listings ratio (SALR) of 10.1%, 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 house in Burnaby Lake?+
Burnaby Lake houses are currently in a buyer's market. 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 Burnaby Lake market perform in January 2024?+
In January 2024, the Burnaby Lake real estate market (all property types) recorded 4 sales at an average price of $1,653,250, with properties averaging 51 days on market at $826,625 per square foot.
How did Burnaby Lake compare in January 2024 vs. November 2023?+
Compared to November 2023, overall Burnaby Lake sales volume was up 100% (2 vs 4 homes sold) and the average sold price was down 2% to $1,653,250.
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