Townhouses Market Report

May 2024 Government Road Townhouses Market

Townhouses market data for Government Road, Burnaby — May 2024. Average sold price $1,259,000, 2 sold in 30 days, 27 avg days on market.

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Buyer's MarketGovernment Road townhouses is currently a buyer's market. 4.5% sales-to-active listings ratio — homes selling in an average of 27 days, at an average sold price of $1,259,000 — well-priced properties are attracting strong demand.
2
Townhouses Sold (30d)
$1.26M
Avg Sold Price
27d
Avg Days on Market
44
Homes For Sale

Current Government Road Townhouses Stats

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

Townhouses Sold (30d)2
Avg Sold Price$1,259,000
Homes For Sale44
Avg Days on Market27 days
Months of Supply22.0 mo

May 2024 Government Road Market Snapshot

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

All Types Sold14
Avg Sold Price$1,758,571
Avg Days on Market21 days
Avg Price per ft²$778,099

Government Road Monthly Market Trend

MonthSoldAvg Sold PriceAvg DOMAvg $/sqftMarket
September 20262$1,259,00027d$356,566—
August 20266$576,00044d$275,018Seller's
July 20268$1,481,25080d$597,741Seller's
June 20267$523,21440d$594Seller's
May 20266$2,016,16755d$783,483Seller's
April 20267$734,20029d$440,026Seller's

Frequently Asked Questions — Government Road Townhouses

How did the Government Road townhouses market perform in May 2024?+
The Government Road townhouses market currently shows 2 units sold in the last 30 days at an average price of $1,259,000, with an average of 27 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 Government Road?+
The average sold price for a townhouse in Government Road is currently $1,259,000, 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 townhouses take to sell in Government Road?+
Townhouses in Government Road are currently selling in an average of 27 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 Government Road?+
Government Road townhouses has a sales-to-active listings ratio (SALR) of 4.5%, 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 Government Road?+
Government Road townhouses are currently in a buyer's market. The average price is $1,259,000. 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 Government Road market perform in May 2024?+
In May 2024, the Government Road real estate market (all property types) recorded 14 sales at an average price of $1,758,571, with properties averaging 21 days on market at $778,099 per square foot.
How did Government Road compare in May 2024 vs. April 2024?+
Compared to April 2024, overall Government Road sales volume was up 40% (10 vs 14 homes sold) and the average sold price was up 38% to $1,758,571.
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What does the Government Road townhouses market mean for you?

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