Condos Market Report

Government Road Condos Market

Live MLS® condos stats for Government Road, Burnaby — updated every 5 minutes.

Buyer's Market15.0 mo supplyAll Types →CondosTownhouses →Houses →Duplexes →
Quick Answer
  • 1Government Road Condos are currently in a buyer's market.
  • 2The average sold price last month was $380,000.
  • 3Condos are selling in an average of 41 days on market.
Avg Sold Price
$380K
Condos Sold (30d)
1
Homes For Sale
15
Avg Days on Market
41d
Months of Supply
15.0 mo
Buyer's
15 condos for sale in Government Road
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Condos in Government Road are currently in a buyer's market — the average sold price is $380,000 based on MLS® sales over the past 30 days. At 15.0 months of supply, buyers searching for condos in Government Road have meaningful selection and room to negotiate on price and terms. Browse active condos listings in Government Road, or speak with a local Burnaby agent for a personalised assessment based on your budget and goals.

How Have Condos Prices Trended in Government Road?

24-month trend · Updated monthly

Month-over-Month Comparison — Condos

Subarea-level trend data

MetricSep · Last 30 daysAugSep (LY)
Homes Sold2-66.7%69
Avg Sold Price$1.26M+118.6%$576K$1.42M
Avg Days on Market27d-38.6%44d28d

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

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

What Did Condos Sell for in Government Road Recently?

View all sold →

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

Frequently Asked Questions — Government Road Condos

Is Government Road a buyer's or seller's market for condos right now?+
The condos segment in Government Road is currently a buyer's market, with 1 condos sold in the last 30 days. At 15.0 months of supply, conditions favour buyers.
What is the average price of a condo in Government Road?+
The average sold price for a condo in Government Road is currently $380,000, based on MLS® sales over the past 30 days. Prices vary by size, floor level, age, and condition. Contact a local Burnaby agent for a specific valuation.
How long do condos take to sell in Government Road?+
Condos in Government Road are currently selling in an average of 41 days on market. Well-priced properties in good condition tend to sell faster — sometimes within the first week. Properties at higher price points may take longer.
What is the absorption rate for condos in Government Road?+
Government Road condos has a sales-to-active listings ratio (SALR) of 6.7%, 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 now a good time to buy a condo in Government Road?+
Whether now is a good time depends on your personal situation, budget, and how long you plan to hold the property. Government Road condos are currently in a buyer's market. The average price is $380,000. Speak with a local Burnaby agent to get a personalised assessment based on current listings and your goals.
How many condos sold in Government Road last month?+
1 condos sold in Government Road over the past 30 days. Tracking monthly sales volume is a key indicator of market demand — rising sales signal growing buyer interest, while declining volume can reflect seasonal patterns or shifting market conditions.
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