Simon Fraser Hills, Burnaby Townhouse Market Report – May 2023

In May 2023, the Simon Fraser Hills, Burnaby townhouse real estate market is classified as a Strong Seller's Market with an absorption rate of 40.7%. It is currently a strong seller's market in Simon Fraser Hills, 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.

11 townhouse properties sold in Simon Fraser Hills, Burnaby during May 2023 based on MLS® records. There were 27 active listings at the start of the month. A total of 7 new listings came to market during the month.

The average townhouse sold price in Simon Fraser Hills, Burnaby in May 2023 was $593,273. Sold prices ranged from $427,000 to $830,000. Data is sourced from MLS® board records.

In May 2023, townhouse properties in Simon Fraser Hills, Burnaby averaged 23 days on the market before selling. With an absorption rate of 40.7%, the market is currently a Strong Seller's Market. A lower average days-on-market indicates stronger demand.

The average townhouse sold price in Simon Fraser Hills, Burnaby in May 2023 was $593,273, down 44.2% year-over-year compared to May 2022 ($1,062,500). Sales volume was up 450% compared to the same month last year. Data is sourced from MLS® sold records.