Houses Market Report

August 2024 Burnaby Lake Houses Market

Houses market data for Burnaby Lake, Burnaby — covering sales volume, pricing, and days on market for August 2024.

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Buyer's MarketBurnaby Lake houses is currently a buyer's market, with 10.1% sales-to-active listings ratio.
5
All Types Sold
$2.48M
Avg Sold Price
46d
Avg Days on Market
$776,695
Avg $/sqft

August 2024 Burnaby Lake Market Snapshot

All property types — historical MLS® data for Burnaby Lake in August 2024.

All Types Sold5
Avg Sold Price$2,479,900
Avg Days on Market46 days
Avg Price per ft²$776,695

Burnaby Lake Monthly Market Trend

MonthSoldAvg Sold PriceAvg DOMAvg $/sqftMarket
September 20267$1,569,21469d$773,768—
August 20263$1,030,00050d$613,657Seller's
July 20264$1,729,00056d$552,223Seller's
June 20263$1,310,60335d$839,968Seller's
May 20262$1,650,00019d$825,000Seller's
April 20267$1,850,04356d$867,164Seller's

Frequently Asked Questions — Burnaby Lake Houses

How did the Burnaby Lake houses market perform in August 2024?+
August 2024 houses data for Burnaby Lake is being compiled. Check back soon or view the full Burnaby Lake market report.
What is the absorption rate for houses in Burnaby Lake?+
Burnaby Lake houses 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 house in Burnaby Lake?+
Burnaby Lake houses 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 Burnaby Lake market perform in August 2024?+
In August 2024, the Burnaby Lake real estate market (all property types) recorded 5 sales at an average price of $2,479,900, with properties averaging 46 days on market at $776,695 per square foot.
How did Burnaby Lake compare in August 2024 vs. July 2024?+
Compared to July 2024, overall Burnaby Lake sales volume was up 400% (1 vs 5 homes sold) and the average sold price was up 94% to $2,479,900.
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