Government Road, Burnaby House Market Report – June 2022

In June 2022, the Government Road, Burnaby house real estate market is classified as a Buyer's Market with an absorption rate of 6.6%. Conditions may favour buyers — there is relatively more supply than demand, giving buyers more choice and negotiating room. Always consult a licensed REALTOR® to assess your specific situation.

4 house properties sold in Government Road, Burnaby during June 2022 based on MLS® records. There were 61 active listings at the start of the month. A total of 6 new listings came to market during the month.

The average house sold price in Government Road, Burnaby in June 2022 was $2,597,500. Sold prices ranged from $1,580,000 to $3,400,000. Data is sourced from MLS® board records.

In June 2022, house properties in Government Road, Burnaby averaged 40 days on the market before selling. With an absorption rate of 6.6%, the market is currently a Buyer's Market. A lower average days-on-market indicates stronger demand.

The average house sold price in Government Road, Burnaby in June 2022 was $2,597,500, up 35.6% year-over-year compared to June 2021 ($1,915,000). Sales volume was up 100% compared to the same month last year. Data is sourced from MLS® sold records.