Townhouses Market Report

May 2024 Deer Lake Place Townhouses Market

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

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Buyer's MarketDeer Lake Place townhouses is currently a buyer's market, with 10.1% sales-to-active listings ratio.
1
All Types Sold
$2.5M
Avg Sold Price
8d
Avg Days on Market
$1,250,000
Avg $/sqft

May 2024 Deer Lake Place Market Snapshot

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

All Types Sold1
Avg Sold Price$2,500,000
Avg Days on Market8 days
Avg Price per ft²$1,250,000

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 Townhouses

How did the Deer Lake Place townhouses market perform in May 2024?+
May 2024 townhouses 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 townhouses in Deer Lake Place?+
Deer Lake Place 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 Deer Lake Place?+
Deer Lake Place 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 Deer Lake Place market perform in May 2024?+
In May 2024, the Deer Lake Place real estate market (all property types) recorded 1 sales at an average price of $2,500,000, with properties averaging 8 days on market at $1,250,000 per square foot.
How did Deer Lake Place compare in May 2024 vs. April 2024?+
Compared to April 2024, overall Deer Lake Place sales volume was unchanged (1 vs 1 homes sold) and the average sold price was down 14% to $2,500,000.
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What does the Deer Lake Place townhouses market mean for you?

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