Townhouses Market Report

May 2024 Highgate Townhouses Market

Townhouses market data for Highgate, Burnaby — May 2024. Average sold price $630,883, 6 sold in 30 days, 72 avg days on market.

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Buyer's MarketHighgate townhouses is currently a buyer's market. 6.9% sales-to-active listings ratio — homes selling in an average of 72 days, at an average sold price of $630,883 — well-priced properties are attracting strong demand.
6
Townhouses Sold (30d)
$631K
Avg Sold Price
72d
Avg Days on Market
87
Homes For Sale

Current Highgate Townhouses Stats

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

Townhouses Sold (30d)6
Avg Sold Price$630,883
Homes For Sale87
Avg Days on Market72 days
Months of Supply14.5 mo

May 2024 Highgate Market Snapshot

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

All Types Sold15
Avg Sold Price$938,333
Avg Days on Market18 days
Avg Price per ft²$554,504

Highgate Monthly Market Trend

MonthSoldAvg Sold PriceAvg DOMAvg $/sqftMarket
September 20267$659,18662d$149,680—
August 202614$748,92949d$389,365Seller's
July 202611$749,89129d$554,232Seller's
June 202622$787,63647d$539,508Seller's
May 202612$879,93943d$443,496Seller's
April 202617$925,54147d$623,822Seller's

Frequently Asked Questions — Highgate Townhouses

How did the Highgate townhouses market perform in May 2024?+
The Highgate townhouses market currently shows 6 units sold in the last 30 days at an average price of $630,883, with an average of 72 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 Highgate?+
The average sold price for a townhouse in Highgate is currently $630,883, 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 Highgate?+
Townhouses in Highgate are currently selling in an average of 72 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 Highgate?+
Highgate townhouses has a sales-to-active listings ratio (SALR) of 6.9%, 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 Highgate?+
Highgate townhouses are currently in a buyer's market. The average price is $630,883. 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 Highgate market perform in May 2024?+
In May 2024, the Highgate real estate market (all property types) recorded 15 sales at an average price of $938,333, with properties averaging 18 days on market at $554,504 per square foot.
How did Highgate compare in May 2024 vs. April 2024?+
Compared to April 2024, overall Highgate sales volume was down 17% (18 vs 15 homes sold) and the average sold price was up 8% to $938,333.
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