Condos Market Report

January 2024 Simon Fraser Univer. Condos Market

Condos market data for Simon Fraser Univer., Burnaby — January 2024. Average sold price $520,000, 3 sold in 30 days, 15 avg days on market.

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Buyer's MarketSimon Fraser Univer. condos is currently a buyer's market. 2.9% sales-to-active listings ratio — homes selling in an average of 15 days, at an average sold price of $520,000 — well-priced properties are attracting strong demand.
3
Condos Sold (30d)
$520K
Avg Sold Price
15d
Avg Days on Market
102
Homes For Sale

Current Simon Fraser Univer. Condos Stats

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

Condos Sold (30d)3
Avg Sold Price$520,000
Homes For Sale102
Avg Days on Market15 days
Months of Supply34.0 mo

January 2024 Simon Fraser Univer. Market Snapshot

All property types — historical MLS® data for Simon Fraser Univer. in January 2024.

All Types Sold8
Avg Sold Price$1,274,426
Avg Days on Market24 days
Avg Price per ft²$408,573

Simon Fraser Univer. Monthly Market Trend

MonthSoldAvg Sold PriceAvg DOMAvg $/sqftMarket
September 20264$477,50022d$150,438—
August 20267$675,28656d$148,106Seller's
July 20267$677,27132d$211,157Seller's
June 20269$530,00056d$232,973Seller's
May 20265$578,80023d$165,565Seller's
April 202614$829,17927d$389,499Seller's

Frequently Asked Questions — Simon Fraser Univer. Condos

How did the Simon Fraser Univer. condos market perform in January 2024?+
The Simon Fraser Univer. condos market currently shows 3 units sold in the last 30 days at an average price of $520,000, with an average of 15 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 Simon Fraser Univer.?+
The average sold price for a condo in Simon Fraser Univer. is currently $520,000, 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 Simon Fraser Univer.?+
Condos in Simon Fraser Univer. are currently selling in an average of 15 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 Simon Fraser Univer.?+
Simon Fraser Univer. condos has a sales-to-active listings ratio (SALR) of 2.9%, 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 Simon Fraser Univer.?+
Simon Fraser Univer. condos are currently in a buyer's market. The average price is $520,000. 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 Simon Fraser Univer. market perform in January 2024?+
In January 2024, the Simon Fraser Univer. real estate market (all property types) recorded 8 sales at an average price of $1,274,426, with properties averaging 24 days on market at $408,573 per square foot.
How did Simon Fraser Univer. compare in January 2024 vs. December 2023?+
Compared to December 2023, overall Simon Fraser Univer. sales volume was down 11% (9 vs 8 homes sold) and the average sold price was up 64% to $1,274,426.
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What does the Simon Fraser Univer. condos market mean for you?

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