Deer Lake Place, Burnaby House Market Report – May 2021

In May 2021, the Deer Lake Place, Burnaby house real estate market is classified as a Strong Seller's Market with an absorption rate of 28.6%. It is currently a strong seller's market in Deer Lake Place, Burnaby, meaning high demand and low supply. Buyers face competition and should be prepared to act quickly. Always consult a licensed REALTOR® to assess your specific situation.

4 house properties sold in Deer Lake Place, Burnaby during May 2021 based on MLS® records. There were 14 active listings at the start of the month. A total of 3 new listings came to market during the month.

The average house sold price in Deer Lake Place, Burnaby in May 2021 was $1,958,750. Sold prices ranged from $1,620,000 to $2,581,000. Data is sourced from MLS® board records.

In May 2021, house properties in Deer Lake Place, Burnaby averaged 12 days on the market before selling. With an absorption rate of 28.6%, the market is currently a Strong Seller's Market. A lower average days-on-market indicates stronger demand.

The average house sold price in Deer Lake Place, Burnaby in May 2021 was $1,958,750, up 67.4% year-over-year compared to May 2020 ($1,170,000). Sales volume was up 300% compared to the same month last year. Data is sourced from MLS® sold records.