Houses Market Report

March 2024 Burnaby Lake Houses Market

Houses market data for Burnaby Lake, Burnaby — March 2024. Average sold price $1,550,000, 1 sold in 30 days, 17 avg days on market.

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Buyer's MarketBurnaby Lake houses is currently a buyer's market. 3.4% sales-to-active listings ratio — homes selling in an average of 17 days, at an average sold price of $1,550,000 — well-priced properties are attracting strong demand.
1
Houses Sold (30d)
$1.55M
Avg Sold Price
17d
Avg Days on Market
29
Homes For Sale

Current Burnaby Lake Houses Stats

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

Houses Sold (30d)1
Avg Sold Price$1,550,000
Homes For Sale29
Avg Days on Market17 days
Months of Supply29.0 mo

March 2024 Burnaby Lake Market Snapshot

All property types — historical MLS® data for Burnaby Lake in March 2024.

All Types Sold3
Avg Sold Price$1,843,000
Avg Days on Market5 days
Avg Price per ft²$1,160,064

Burnaby Lake Monthly Market Trend

MonthSoldAvg Sold PriceAvg DOMAvg $/sqftMarket
September 20267$1,569,21469d$773,768—
August 20263$1,030,00050d$613,657Seller's
July 20264$1,729,00056d$552,223Seller's
June 20263$1,310,60335d$839,968Seller's
May 20262$1,650,00019d$825,000Seller's
April 20267$1,850,04356d$867,164Seller's

Frequently Asked Questions — Burnaby Lake Houses

How did the Burnaby Lake houses market perform in March 2024?+
The Burnaby Lake houses market currently shows 1 units sold in the last 30 days at an average price of $1,550,000, with an average of 17 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 house in Burnaby Lake?+
The average sold price for a house in Burnaby Lake is currently $1,550,000, 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 houses take to sell in Burnaby Lake?+
Houses in Burnaby Lake are currently selling in an average of 17 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 houses in Burnaby Lake?+
Burnaby Lake houses has a sales-to-active listings ratio (SALR) of 3.4%, 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 house in Burnaby Lake?+
Burnaby Lake houses are currently in a buyer's market. The average price is $1,550,000. 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 Burnaby Lake market perform in March 2024?+
In March 2024, the Burnaby Lake real estate market (all property types) recorded 3 sales at an average price of $1,843,000, with properties averaging 5 days on market at $1,160,064 per square foot.
How did Burnaby Lake compare in March 2024 vs. February 2024?+
Compared to February 2024, overall Burnaby Lake sales volume was unchanged (3 vs 3 homes sold) and the average sold price was up 10% to $1,843,000.
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