Duplexes Market Report

February 2024 Deer Lake Place Duplexes Market

Duplexes market data for Deer Lake Place, Burnaby — covering sales volume, pricing, and days on market for February 2024.

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Buyer's MarketDeer Lake Place duplexes is currently a buyer's market, with 10.1% sales-to-active listings ratio.
2
All Types Sold
$1.96M
Avg Sold Price
23d
Avg Days on Market
$977,950
Avg $/sqft

February 2024 Deer Lake Place Market Snapshot

All property types — historical MLS® data for Deer Lake Place in February 2024.

All Types Sold2
Avg Sold Price$1,955,900
Avg Days on Market23 days
Avg Price per ft²$977,950

Deer Lake Place Monthly Market Trend

MonthSoldAvg Sold PriceAvg DOMAvg $/sqftMarket
July 20261$1,550,00012d$516,667—
June 20261$1,930,00048d$643,333—
May 20262$1,832,5009d$767,083Seller's
April 20261$1,750,00051d$583,333—
March 20261$1,780,0002d$593,333Seller's
November 20252$1,865,00043d$766,667—

Frequently Asked Questions — Deer Lake Place Duplexes

How did the Deer Lake Place duplexes market perform in February 2024?+
February 2024 duplexes data for Deer Lake Place is being compiled. Check back soon or view the full Deer Lake Place market report.
What is the absorption rate for duplexes in Deer Lake Place?+
Deer Lake Place duplexes 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 duplex in Deer Lake Place?+
Deer Lake Place duplexes 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 Deer Lake Place market perform in February 2024?+
In February 2024, the Deer Lake Place real estate market (all property types) recorded 2 sales at an average price of $1,955,900, with properties averaging 23 days on market at $977,950 per square foot.
How did Deer Lake Place compare in February 2024 vs. November 2023?+
Compared to November 2023, overall Deer Lake Place sales volume was up 100% (1 vs 2 homes sold) and the average sold price was up 12% to $1,955,900.
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