Montecito, Burnaby Townhouse Market Report – February 2021

In February 2021, the Montecito, Burnaby townhouse real estate market is classified as a Strong Seller's Market with an absorption rate of 33.3%. It is currently a strong seller's market in Montecito, 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 townhouse properties sold in Montecito, Burnaby during February 2021 based on MLS® records. There were 12 active listings at the start of the month. A total of 5 new listings came to market during the month.

The average townhouse sold price in Montecito, Burnaby in February 2021 was $745,000. Sold prices ranged from $535,000 to $999,999. Data is sourced from MLS® board records.

In February 2021, townhouse properties in Montecito, Burnaby averaged 6 days on the market before selling. With an absorption rate of 33.3%, the market is currently a Strong Seller's Market. A lower average days-on-market indicates stronger demand.

Year-over-year comparison data is not available for Montecito, Burnaby in February 2021. Browse the monthly archive to track price trends over multiple years for this area. Data is sourced from MLS® sold records.