February 2024 Burnaby Hospital Condos Market

The Burnaby Hospital condos market currently shows 1 units sold in the last 30 days at an average price of $2,360,000, with an average of 84 days on market. Buyers have more choice and negotiating leverage. This data reflects the most recent 30-day MLS® activity.

The average sold price for a condo in Burnaby Hospital is currently $2,360,000, 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.

Condos in Burnaby Hospital are currently selling in an average of 84 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.

Burnaby Hospital condos has a sales-to-active listings ratio (SALR) of 5.6%, 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.

Burnaby Hospital condos are currently in a buyer's market. The average price is $2,360,000. Whether now is the right time depends on your personal timeline, budget, and goals. A knowledgeable local agent can help you assess current opportunities.

In February 2024, the Burnaby Hospital real estate market (all property types) recorded 1 sales at an average price of $1,198,000, with properties averaging 31 days on market at $1,198,000 per square foot.

Compared to January 2024, overall Burnaby Hospital sales volume was down 67% (3 vs 1 homes sold) and the average sold price was down 34% to $1,198,000.