Duplexes Market Report

August 2024 Cariboo Duplexes Market

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

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Buyer's MarketCariboo duplexes is currently a buyer's market, with 10.1% sales-to-active listings ratio.
3
All Types Sold
$552K
Avg Sold Price
19d
Avg Days on Market
$669
Avg $/sqft

August 2024 Cariboo Market Snapshot

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

All Types Sold3
Avg Sold Price$551,833
Avg Days on Market19 days
Avg Price per ft²$669

Cariboo Monthly Market Trend

MonthSoldAvg Sold PriceAvg DOMAvg $/sqftMarket
August 20262$741,25075d$741,250—
July 20262$501,75030d$310,286Seller's
June 20261$865,7008d$865,700Seller's
May 20263$591,0007d$446,165Seller's
April 20264$425,00037d$510Seller's
March 20263$456,96713d$603Seller's

Frequently Asked Questions — Cariboo Duplexes

How did the Cariboo duplexes market perform in August 2024?+
August 2024 duplexes data for Cariboo is being compiled. Check back soon or view the full Cariboo market report.
What is the absorption rate for duplexes in Cariboo?+
Cariboo duplexes 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 duplex in Cariboo?+
Cariboo duplexes 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 Cariboo market perform in August 2024?+
In August 2024, the Cariboo real estate market (all property types) recorded 3 sales at an average price of $551,833, with properties averaging 19 days on market at $669 per square foot.
How did Cariboo compare in August 2024 vs. July 2024?+
Compared to July 2024, overall Cariboo sales volume was down 57% (7 vs 3 homes sold) and the average sold price was down 2% to $551,833.
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