Simon Fraser Univer., Burnaby Condo Market Report – August 2021

In August 2021, the Simon Fraser Univer., Burnaby condo real estate market is classified as a Buyer's Market with an absorption rate of 9.5%. 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.

20 condo properties sold in Simon Fraser Univer., Burnaby during August 2021 based on MLS® records. There were 210 active listings at the start of the month. A total of 29 new listings came to market during the month.

The average condo sold price in Simon Fraser Univer., Burnaby in August 2021 was $581,995. Sold prices ranged from $338,000 to $998,000. Data is sourced from MLS® board records.

In August 2021, condo properties in Simon Fraser Univer., Burnaby averaged 25 days on the market before selling. With an absorption rate of 9.5%, the market is currently a Buyer's Market. A lower average days-on-market indicates stronger demand.

The average condo sold price in Simon Fraser Univer., Burnaby in August 2021 was $581,995, up 2.2% year-over-year compared to August 2020 ($569,500). Sales volume was up 42.9% compared to the same month last year. Data is sourced from MLS® sold records.