Townhouses Market Report

May 2024 Burnaby Lake Townhouses Market

Townhouses market data for Burnaby Lake, Burnaby — May 2024. Average sold price $1,325,500, 3 sold in 30 days, 50 avg days on market.

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Buyer's MarketBurnaby Lake townhouses is currently a buyer's market. 11.5% sales-to-active listings ratio — homes selling in an average of 50 days, at an average sold price of $1,325,500 — well-priced properties are attracting strong demand.
3
Townhouses Sold (30d)
$1.33M
Avg Sold Price
50d
Avg Days on Market
26
Homes For Sale

Current Burnaby Lake Townhouses Stats

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

Townhouses Sold (30d)3
Avg Sold Price$1,325,500
Homes For Sale26
Avg Days on Market50 days
Months of Supply8.7 mo

May 2024 Burnaby Lake Market Snapshot

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

All Types Sold1
Avg Sold Price$2,200,000
Avg Days on Market1 days
Avg Price per ft²$550,000

Burnaby Lake Monthly Market Trend

MonthSoldAvg Sold PriceAvg DOMAvg $/sqftMarket
September 20263$1,325,50050d$609,125—
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 Townhouses

How did the Burnaby Lake townhouses market perform in May 2024?+
The Burnaby Lake townhouses market currently shows 3 units sold in the last 30 days at an average price of $1,325,500, with an average of 50 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 townhouse in Burnaby Lake?+
The average sold price for a townhouse in Burnaby Lake is currently $1,325,500, 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 townhouses take to sell in Burnaby Lake?+
Townhouses in Burnaby Lake are currently selling in an average of 50 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 townhouses in Burnaby Lake?+
Burnaby Lake townhouses has a sales-to-active listings ratio (SALR) of 11.5%, 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 townhouse in Burnaby Lake?+
Burnaby Lake townhouses are currently in a buyer's market. The average price is $1,325,500. 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 May 2024?+
In May 2024, the Burnaby Lake real estate market (all property types) recorded 1 sales at an average price of $2,200,000, with properties averaging 1 days on market at $550,000 per square foot.
How did Burnaby Lake compare in May 2024 vs. April 2024?+
Compared to April 2024, overall Burnaby Lake sales volume was down 75% (4 vs 1 homes sold) and the average sold price was up 15% to $2,200,000.
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