Condos Market Report

January 2024 Government Road Condos Market

Condos market data for Government Road, Burnaby — January 2024. Average sold price $1,259,000, 2 sold in 30 days, 27 avg days on market.

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Buyer's MarketGovernment Road condos is currently a buyer's market. 4.5% sales-to-active listings ratio — homes selling in an average of 27 days, at an average sold price of $1,259,000 — well-priced properties are attracting strong demand.
2
Condos Sold (30d)
$1.26M
Avg Sold Price
27d
Avg Days on Market
44
Homes For Sale

Current Government Road Condos Stats

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

Condos Sold (30d)2
Avg Sold Price$1,259,000
Homes For Sale44
Avg Days on Market27 days
Months of Supply22.0 mo

January 2024 Government Road Market Snapshot

All property types — historical MLS® data for Government Road in January 2024.

All Types Sold5
Avg Sold Price$869,900
Avg Days on Market67 days
Avg Price per ft²$620,183

Government Road Monthly Market Trend

MonthSoldAvg Sold PriceAvg DOMAvg $/sqftMarket
September 20262$1,259,00027d$356,566—
August 20266$576,00044d$275,018Seller's
July 20268$1,481,25080d$597,741Seller's
June 20267$523,21440d$594Seller's
May 20266$2,016,16755d$783,483Seller's
April 20267$734,20029d$440,026Seller's

Frequently Asked Questions — Government Road Condos

How did the Government Road condos market perform in January 2024?+
The Government Road condos market currently shows 2 units sold in the last 30 days at an average price of $1,259,000, with an average of 27 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 Government Road?+
The average sold price for a condo in Government Road is currently $1,259,000, 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 Government Road?+
Condos in Government Road are currently selling in an average of 27 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 Government Road?+
Government Road condos has a sales-to-active listings ratio (SALR) of 4.5%, 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 Government Road?+
Government Road condos are currently in a buyer's market. The average price is $1,259,000. 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 Government Road market perform in January 2024?+
In January 2024, the Government Road real estate market (all property types) recorded 5 sales at an average price of $869,900, with properties averaging 67 days on market at $620,183 per square foot.
How did Government Road compare in January 2024 vs. December 2023?+
Compared to December 2023, overall Government Road sales volume was up 67% (3 vs 5 homes sold) and the average sold price was down 48% to $869,900.
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