Burnaby Lake
| Type | Avg Sold Price | Sold (30d) | Avg DOM | Active | Condition |
|---|---|---|---|---|---|
| Townhouses | — | 0 | — | 2 | Buyer's Market |
| Houses | $1.55M | 1 | 17d | 20 | Buyer's Market |
Burnaby Lake is currently a buyer's market. 3.4% sales-to-active listings ratio — homes selling in an average of 17 days, at an average sold price of $1,550,000 — well-priced properties are attracting strong demand.
Neighbourhood Pulse
Based on 90-day sold data
Saeed Farahani specializes in Burnaby Lake — from identifying hidden-value listings early to negotiating the best possible terms for buyers and sellers.
24-Month Market Trends — Burnaby Lake
Over the past 24 months, the average sold price in Burnaby Lake has trended significantly lower — a 16.4% shift — with the most recent period averaging $1,564,606. Sales activity has been picking up: 54 homes sold in the latter half of the period compared to 45 in the first half, pointing to a busier market. With an average of 58 days on market, buyers have more time to consider their options, favouring careful negotiation over rush decisions. Current absorption suggests a seller-leaning market, with inventory moving at a brisk pace — roughly 1.5 months of supply.
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