Townhouses Market Report

June 2024 Oaklands Townhouses Market

Townhouses market data for Oaklands, Burnaby — covering sales volume, pricing, and days on market for June 2024.

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Buyer's MarketOaklands townhouses is currently a buyer's market, with 10.1% sales-to-active listings ratio.
1
All Types Sold
$1.4M
Avg Sold Price
32d
Avg Days on Market
$1,395,000
Avg $/sqft

June 2024 Oaklands Market Snapshot

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

All Types Sold1
Avg Sold Price$1,395,000
Avg Days on Market32 days
Avg Price per ft²$1,395,000

Oaklands Monthly Market Trend

MonthSoldAvg Sold PriceAvg DOMAvg $/sqftMarket
August 20262$1,276,00038d$608,500—
July 20262$889,50014d$640,371Seller's
June 20262$1,049,00050d$717,000Seller's
May 20261$1,470,0008d$735,000Seller's
February 20261$790,0007d$790,000—
December 20252$1,320,00072d$1,320,000—

Frequently Asked Questions — Oaklands Townhouses

How did the Oaklands townhouses market perform in June 2024?+
June 2024 townhouses data for Oaklands is being compiled. Check back soon or view the full Oaklands market report.
What is the absorption rate for townhouses in Oaklands?+
Oaklands 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 Oaklands?+
Oaklands 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 Oaklands market perform in June 2024?+
In June 2024, the Oaklands real estate market (all property types) recorded 1 sales at an average price of $1,395,000, with properties averaging 32 days on market at $1,395,000 per square foot.
How did Oaklands compare in June 2024 vs. May 2024?+
Compared to May 2024, overall Oaklands sales volume was down 75% (4 vs 1 homes sold) and the average sold price was down 3% to $1,395,000.
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