Market Report›May 2024›Cariboo›Townhouses
Townhouses Market Report

May 2024 Cariboo Townhouses Market

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

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Buyer's MarketCariboo townhouses is currently a buyer's market, with 10.1% sales-to-active listings ratio.
4
All Types Sold
$567K
Avg Sold Price
47d
Avg Days on Market
$624
Avg $/sqft

May 2024 Cariboo Market Snapshot

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

All Types Sold4
Avg Sold Price$567,250
Avg Days on Market47 days
Avg Price per ft²$624

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 Townhouses

How did the Cariboo townhouses market perform in May 2024?+
May 2024 townhouses data for Cariboo is being compiled. Check back soon or view the full Cariboo market report.
What is the absorption rate for townhouses in Cariboo?+
Cariboo townhouses 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 townhouse in Cariboo?+
Cariboo townhouses 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 May 2024?+
In May 2024, the Cariboo real estate market (all property types) recorded 4 sales at an average price of $567,250, with properties averaging 47 days on market at $624 per square foot.
How did Cariboo compare in May 2024 vs. April 2024?+
Compared to April 2024, overall Cariboo sales volume was down 20% (5 vs 4 homes sold) and the average sold price was up 9% to $567,250.
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What does the Cariboo townhouses market mean for you?

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