Duplexes Market Report

June 2024 Government Road Duplexes Market

Duplexes market data for Government Road, Burnaby — June 2024. Average sold price $2,000,000, 1 sold in 30 days, 48 avg days on market.

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Buyer's MarketGovernment Road duplexes is currently a buyer's market. 2.0% sales-to-active listings ratio — homes selling in an average of 48 days, at an average sold price of $2,000,000 — well-priced properties are attracting strong demand.
1
Duplexs Sold (30d)
$2M
Avg Sold Price
48d
Avg Days on Market
49
Homes For Sale

Current Government Road Duplexes Stats

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

Duplexs Sold (30d)1
Avg Sold Price$2,000,000
Homes For Sale49
Avg Days on Market48 days
Months of Supply49.0 mo

June 2024 Government Road Market Snapshot

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

All Types Sold9
Avg Sold Price$1,887,067
Avg Days on Market48 days
Avg Price per ft²$805,608

Government Road Monthly Market Trend

MonthSoldAvg Sold PriceAvg DOMAvg $/sqftMarket
October 20264$1,201,25037d$605,122—
September 20263$1,006,66758d$237,903Seller's
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

Frequently Asked Questions — Government Road Duplexes

How did the Government Road duplexes market perform in June 2024?+
The Government Road duplexes market currently shows 1 units sold in the last 30 days at an average price of $2,000,000, with an average of 48 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 duplex in Government Road?+
The average sold price for a duplex in Government Road is currently $2,000,000, 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 duplexes take to sell in Government Road?+
Duplexes in Government Road are currently selling in an average of 48 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 duplexes in Government Road?+
Government Road duplexes has a sales-to-active listings ratio (SALR) of 2.0%, 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 duplex in Government Road?+
Government Road duplexes are currently in a buyer's market. The average price is $2,000,000. 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 June 2024?+
In June 2024, the Government Road real estate market (all property types) recorded 9 sales at an average price of $1,887,067, with properties averaging 48 days on market at $805,608 per square foot.
How did Government Road compare in June 2024 vs. May 2024?+
Compared to May 2024, overall Government Road sales volume was down 36% (14 vs 9 homes sold) and the average sold price was up 7% to $1,887,067.
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