Burnaby Lake
| Type | Avg Sold Price | Sold (30d) | Avg DOM | Active | Condition |
|---|---|---|---|---|---|
| Townhouses | $975K | 1 | 83d | 3 | Seller's Market |
| Houses | $1.5M | 2 | 34d | 17 | Buyer's Market |
Burnaby Lake is currently a buyer's market. 11.5% sales-to-active listings ratio — homes selling in an average of 50 days, at an average sold price of $1,325,500 — 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 15.4% shift — with the most recent period averaging $1,549,374. Sales volume has remained relatively steady, with 50 homes sold recently and 47 in the earlier part of the period. With an average of 52 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 1.3 months of supply.
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