Condos Market Report

March 2025 Burnaby Lake Condos Market

Condos market data for Burnaby Lake, Burnaby — covering sales volume, pricing, and days on market for March 2025.

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Buyer's MarketBurnaby Lake condos is currently a buyer's market, with 10.1% sales-to-active listings ratio.
2
All Types Sold
$2.82M
Avg Sold Price
99d
Avg Days on Market
$758,956
Avg $/sqft

March 2025 Burnaby Lake Market Snapshot

All property types — historical MLS® data for Burnaby Lake in March 2025.

All Types Sold2
Avg Sold Price$2,818,738
Avg Days on Market99 days
Avg Price per ft²$758,956

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 Condos

How did the Burnaby Lake condos market perform in March 2025?+
March 2025 condos data for Burnaby Lake is being compiled. Check back soon or view the full Burnaby Lake market report.
What is the absorption rate for condos in Burnaby Lake?+
Burnaby Lake condos 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 condo in Burnaby Lake?+
Burnaby Lake condos 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 March 2025?+
In March 2025, the Burnaby Lake real estate market (all property types) recorded 2 sales at an average price of $2,818,738, with properties averaging 99 days on market at $758,956 per square foot.
How did Burnaby Lake compare in March 2025 vs. February 2025?+
Compared to February 2025, overall Burnaby Lake sales volume was up 100% (1 vs 2 homes sold) and the average sold price was up 178% to $2,818,738.
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