Condos Market Report

February 2024 Garden Village Condos Market

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

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Buyer's MarketGarden Village condos is currently a buyer's market, with 10.1% sales-to-active listings ratio.
2
All Types Sold
$1.87M
Avg Sold Price
5d
Avg Days on Market
$934,500
Avg $/sqft

February 2024 Garden Village Market Snapshot

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

All Types Sold2
Avg Sold Price$1,869,000
Avg Days on Market5 days
Avg Price per ft²$934,500

Garden Village Monthly Market Trend

MonthSoldAvg Sold PriceAvg DOMAvg $/sqftMarket
August 20261$1,680,00091d$1,680,000—
July 20261$1,488,00024d$1,488,000Seller's
June 20261$1,825,0004d$912,500Seller's
May 20261$1,568,00012d$784,000Seller's
February 20263$1,824,62938d$912,315—
January 20261$1,850,00012d$925,000Seller's

Frequently Asked Questions — Garden Village Condos

How did the Garden Village condos market perform in February 2024?+
February 2024 condos data for Garden Village is being compiled. Check back soon or view the full Garden Village market report.
What is the absorption rate for condos in Garden Village?+
Garden Village 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 Garden Village?+
Garden Village 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 Garden Village market perform in February 2024?+
In February 2024, the Garden Village real estate market (all property types) recorded 2 sales at an average price of $1,869,000, with properties averaging 5 days on market at $934,500 per square foot.
How did Garden Village compare in February 2024 vs. January 2024?+
Compared to January 2024, overall Garden Village sales volume was down 33% (3 vs 2 homes sold) and the average sold price was down 5% to $1,869,000.
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