Condos Market Report

February 2024 Cariboo Condos Market

Condos market data for Cariboo, Burnaby — covering sales volume, pricing, and days on market for February 2024.

← JanFebMar →All Reports →
Buyer's MarketCariboo condos is currently a buyer's market, with 10.1% sales-to-active listings ratio.
4
All Types Sold
$649K
Avg Sold Price
6d
Avg Days on Market
$219,597
Avg $/sqft

February 2024 Cariboo Market Snapshot

All property types — historical MLS® data for Cariboo in February 2024.

All Types Sold4
Avg Sold Price$648,886
Avg Days on Market6 days
Avg Price per ft²$219,597

Cariboo Monthly Market Trend

MonthSoldAvg Sold PriceAvg DOMAvg $/sqftMarket
August 20262$741,25075d$741,250—
July 20262$501,75030d$310,286Seller's
June 20261$865,7008d$865,700Seller's
May 20263$591,0007d$446,165Seller's
April 20264$425,00037d$510Seller's
March 20263$456,96713d$603Seller's

Frequently Asked Questions — Cariboo Condos

How did the Cariboo condos market perform in February 2024?+
February 2024 condos data for Cariboo is being compiled. Check back soon or view the full Cariboo market report.
What is the absorption rate for condos in Cariboo?+
Cariboo condos 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 condo in Cariboo?+
Cariboo condos 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 Cariboo market perform in February 2024?+
In February 2024, the Cariboo real estate market (all property types) recorded 4 sales at an average price of $648,886, with properties averaging 6 days on market at $219,597 per square foot.
How did Cariboo compare in February 2024 vs. January 2024?+
Compared to January 2024, overall Cariboo sales volume was down 20% (5 vs 4 homes sold) and the average sold price was up 9% to $648,886.
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