Oaklands, Burnaby Townhouse Market Report – February 2022

In February 2022, the Oaklands, Burnaby townhouse real estate market is classified as a Balanced Market with an absorption rate of 14.3%. The market in Oaklands, Burnaby is currently balanced. Both buyers and sellers have reasonable negotiating positions. Always consult a licensed REALTOR® to assess your specific situation.

3 townhouse properties sold in Oaklands, Burnaby during February 2022 based on MLS® records. There were 21 active listings at the start of the month. A total of 2 new listings came to market during the month.

The average townhouse sold price in Oaklands, Burnaby in February 2022 was $1,622,267. Sold prices ranged from $1,450,000 to $1,828,800. Data is sourced from MLS® board records.

In February 2022, townhouse properties in Oaklands, Burnaby averaged 32 days on the market before selling. With an absorption rate of 14.3%, the market is currently a Balanced Market. A lower average days-on-market indicates stronger demand.

The average townhouse sold price in Oaklands, Burnaby in February 2022 was $1,622,267, up 31.5% year-over-year compared to February 2021 ($1,234,000). Sales volume was up 200% compared to the same month last year. Data is sourced from MLS® sold records.