Houses Market Report

August 2024 Suncrest Houses Market

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

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Buyer's MarketSuncrest houses is currently a buyer's market, with 10.1% sales-to-active listings ratio.
2
All Types Sold
$1.55M
Avg Sold Price
11d
Avg Days on Market
$1,187,500
Avg $/sqft

August 2024 Suncrest Market Snapshot

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

All Types Sold2
Avg Sold Price$1,550,000
Avg Days on Market11 days
Avg Price per ft²$1,187,500

Suncrest Monthly Market Trend

MonthSoldAvg Sold PriceAvg DOMAvg $/sqftMarket
September 20263$1,967,00057d$587,111—
August 20263$1,265,00060d$909,444Seller's
July 20262$1,455,00038d$727,500Seller's
June 20261$1,280,00048d$640,000Balanced
May 20261$3,010,0009d$602,000Seller's
April 20263$1,461,66736d$989,167Seller's

Frequently Asked Questions — Suncrest Houses

How did the Suncrest houses market perform in August 2024?+
August 2024 houses data for Suncrest is being compiled. Check back soon or view the full Suncrest market report.
What is the absorption rate for houses in Suncrest?+
Suncrest 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 Suncrest?+
Suncrest 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 Suncrest market perform in August 2024?+
In August 2024, the Suncrest real estate market (all property types) recorded 2 sales at an average price of $1,550,000, with properties averaging 11 days on market at $1,187,500 per square foot.
How did Suncrest compare in August 2024 vs. June 2024?+
Compared to June 2024, overall Suncrest sales volume was down 33% (3 vs 2 homes sold) and the average sold price was down 5% to $1,550,000.
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