Buyer's Market · avg house price $1,650,000 · 2 houses sold (30d) · 43 days on market
Buyers currently have more choice in Burnaby Lake, Burnaby's detached home market, with homes taking longer to sell. In the past 30 days, 2 houses and detached homes sold across Burnaby Lake, Burnaby at an average sold price of $1,650,000. Properties are selling in an average of 43 days on the market. The absorption rate is 6.7% — meaning 6.7% of the active house inventory sells each month. Average house prices in Burnaby Lake, Burnaby are down 14.7% compared to the 90-day average of $1,934,755. If you're considering buying a house in Burnaby Lake, Burnaby, you have more time to negotiate — though well-priced single-family homes still attract attention.
12-month average house sold price
Burnaby Lake is a Buyer's Market for detached homes and houses (absorption rate: 6.7%, 2 sold vs 30 active listings in the last 30 days).