Buyer's Market · avg house price $2,380,000 · 1 houses sold (30d) · 14 days on market
Buyers currently have more choice in Government Road, Burnaby's detached home market, with homes taking longer to sell. In the past 30 days, 1 houses and detached homes sold across Government Road, Burnaby at an average sold price of $2,380,000. Properties are selling in an average of 14 days on the market. The absorption rate is 3.4% — meaning 3.4% of the active house inventory sells each month. Average house prices in Government Road, Burnaby are down 12.4% compared to the 90-day average of $2,716,667. If you're considering buying a house in Government Road, Burnaby, you have more time to negotiate — though well-priced single-family homes still attract attention.
12-month average house sold price
Government Road is a Buyer's Market for detached homes and houses (absorption rate: 3.4%, 1 sold vs 29 active listings in the last 30 days).