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Market Report

Burnaby Lake Real Estate Market

Live MLS® stats and 12-month trends for Burnaby Lake, Burnaby — updated every 5 minutes.

Buyer's Market8.7 mo supplyTownhouses →Houses →
Quick Answer
  • 1Burnaby Lake is currently a buyer's market.
  • 2The average sold price last month was $1,325,500.
  • 3Home prices are down 19.8% year-over-year.
Avg Sold Price
$1.33M
Homes Sold (30d)
3
Homes For Sale
26
Avg Days on Market
50d
Months of Supply
8.7 mo
Buyer's
26 homes for sale in Burnaby Lake
3 townhouses · 17 houses

Burnaby Lake is currently a buyer's market, with an average sold price of $1,325,500 across all property types over the past 30 days. At 8.7 months of supply, buyers in Burnaby Lake have more selection and meaningful negotiating room compared to a typical seller's market. Burnaby Lake offers a mix of property types including townhouses, houses — condos and townhouses are popular for lower-maintenance living, while detached homes attract families seeking more space and a private yard. Homes here are selling in an average of 50 days on market. Browse active listings in Burnaby Lake below, or speak with a local Burnaby agent for a personalised market assessment based on your needs.

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How Have Prices Trended in Burnaby Lake?

24-month trend · Updated monthly

Month-over-Month Comparison

MetricSep · Last 30 daysAugJul (LY)
Homes Sold3+0.0%33
Avg Sold Price$1.33M+28.7%$1.03M$1.65M
Avg Days on Market50d+0.0%50d49d

Last 30 Days — By Property Type

Sold properties only

Townhouses:Seller's Market
Houses:Buyer's Market

What Does Each Home Cost?

By bedrooms & property type · Last 30 days sold

Type1 Bed2 Bed3 Bed4+ Bed
Apartment
$548K
$820/ft²
41 sold
$698K
$752/ft²
63 sold
$889K
$721/ft²
18 sold
$1.12M
$690/ft²
5 sold
Townhouse
$699K
$698/ft²
8 sold
$879K
$672/ft²
31 sold
$1.08M
$645/ft²
44 sold
$1.25M
$612/ft²
14 sold
House—
$1.19M
$580/ft²
6 sold
$1.49M
$558/ft²
22 sold
$2.25M
$498/ft²
18 sold

Studio = 0 bedrooms. 4+ Bed includes all homes with 4 or more bedrooms.

What Does Each Property Type Cost in Burnaby Lake?

TypeAvg Sold PriceSold (30d)ActiveAvg DOMCondition
Townhouses$975K1383dSeller's MarketView Townhouses →
Houses$1.5M21734dBuyer's MarketView Houses →

What Did Homes Sell for in Burnaby Lake Recently?

View all sold →

Street addresses only. Click any address to view full details — some information requires sign-in.

Frequently Asked Questions — Burnaby Lake Market

Is Burnaby Lake a buyer's or seller's market right now?+
Burnaby Lake is currently a buyer's market. There are 3 homes sold in the last 30 days across all property types. The current absorption rate of 8.7 months of supply favours buyers.
What is the average home price in Burnaby Lake?+
The average sold price across all property types in Burnaby Lake is currently $1,325,500, based on sales over the past 30 days. Prices vary by type — condominiums start lower, while detached homes command a premium. Contact a local Burnaby agent for a current, property-specific estimate.
Have home prices come down in Burnaby Lake?+
Overall home prices in Burnaby Lake are down 19.8% compared to the same period last year, with detached houses averaging $1,500,750; townhouses averaging $975,000. This creates an opportunity for buyers to enter the market at a lower price point than a year ago — sellers should price competitively to attract offers.
How long do homes stay on the market in Burnaby Lake?+
Homes in Burnaby Lake are currently selling in an average of 50 days on market. In a seller's market, well-priced homes can attract offers within the first week of listing. In a buyer's market, buyers typically have more time to evaluate options.
What does the absorption rate mean for Burnaby Lake?+
Burnaby Lake has a sales-to-active listings ratio (SALR) of 11.5%, 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.
What is the average price of each property type in Burnaby Lake?+
Detached houses average $1,500,750; townhouses average $975,000. These figures reflect sold prices over the past 30 days from MLS® records and are updated regularly.
What property types are available in Burnaby Lake?+
Burnaby Lake offers a mix of townhouses, houses. Each type suits different lifestyles — condos and townhouses are popular for lower-maintenance living, while detached homes are sought by families looking for more space and a yard.
How can I get a home evaluation in Burnaby Lake?+
You can request a free, no-obligation home evaluation through a local Burnaby real estate agent. They will research recent comparable sales in Burnaby Lake and provide you with an accurate market valuation — typically within 24 hours.
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