Condos Market Report

May 2024 Parkcrest Condos Market

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

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Buyer's MarketParkcrest condos is currently a buyer's market, with 10.1% sales-to-active listings ratio.
3
All Types Sold
$2.46M
Avg Sold Price
7d
Avg Days on Market
$974,967
Avg $/sqft

May 2024 Parkcrest Market Snapshot

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

All Types Sold3
Avg Sold Price$2,458,267
Avg Days on Market7 days
Avg Price per ft²$974,967

Parkcrest Monthly Market Trend

MonthSoldAvg Sold PriceAvg DOMAvg $/sqftMarket
September 20264$1,822,5007d$968,542—
August 20263$2,722,933122d$753,587Seller's
July 20262$2,012,50046d$827,083Seller's
June 20265$1,933,50027d$829,250Seller's
May 20261$2,140,00016d$713,333Balanced
April 20269$2,163,94436d$926,565Seller's

Frequently Asked Questions — Parkcrest Condos

How did the Parkcrest condos market perform in May 2024?+
May 2024 condos data for Parkcrest is being compiled. Check back soon or view the full Parkcrest market report.
What is the absorption rate for condos in Parkcrest?+
Parkcrest condos 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 condo in Parkcrest?+
Parkcrest condos 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 Parkcrest market perform in May 2024?+
In May 2024, the Parkcrest real estate market (all property types) recorded 3 sales at an average price of $2,458,267, with properties averaging 7 days on market at $974,967 per square foot.
How did Parkcrest compare in May 2024 vs. April 2024?+
Compared to April 2024, overall Parkcrest sales volume was down 25% (4 vs 3 homes sold) and the average sold price was down 5% to $2,458,267.
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