Buyer's Market · avg house price $3,332,500 · 2 houses sold (30d) · 50 days on market
Buyers currently have more choice in Montecito, Burnaby's detached home market, with homes taking longer to sell. In the past 30 days, 2 houses and detached homes sold across Montecito, Burnaby at an average sold price of $3,332,500. Properties are selling in an average of 50 days on the market. The absorption rate is 10% — meaning 10% of the active house inventory sells each month. Average house prices in Montecito, Burnaby are up 43.9% compared to the 90-day average of $2,315,375. If you're considering buying a house in Montecito, Burnaby, you have more time to negotiate — though well-priced single-family homes still attract attention.
12-month average house sold price
Montecito is a Buyer's Market for detached homes and houses (absorption rate: 10%, 2 sold vs 20 active listings in the last 30 days).