Simon Fraser Univer., Burnaby Condo Market Report – May 2024

Simon Fraser Univer. is an active condo market in British Columbia's Lower Mainland. The report below covers sold activity, pricing trends, and market conditions for Simon Fraser Univer. based on MLS® data.

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16
Units Sold
$564,359
Avg Sold Price
42d
Avg Days on Market
Buyer's Market
Market Condition
493 active at start of month 36 new listings Absorption rate: 3.2% Highest sold: $858,750 Lowest sold: $440,000

How Does May 2024 Compare?

Period Units Sold Avg Sold Price Avg DOM
May 2024 (this report) 16 $564,359 42d
April 2024 month prior 6 +166.7% $623,500 -9.5% 43d -2.3%
May 2023 year ago 14 +14.3% $613,207 -8%

3-Year Price Trend — Simon Fraser Univer., Burnaby Condo

The Simon Fraser Univer., Burnaby condo real estate market was a Buyer's Market in May 2024, with 493 active listings at the start of the month, 16 properties sold, an average sold price of $564,359, properties averaging 42 days on market, an absorption rate of 3.2%. All data is sourced from MLS® sold records.
Hani Faraj – RE/MAX Crest Realty
Prepared by
Hani Faraj
RE/MAX Crest • 604-229-3342
Your Simon Fraser Univer., Burnaby specialist
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Frequently Asked Questions — Simon Fraser Univer., Burnaby May 2024

In May 2024, the Simon Fraser Univer., Burnaby condo real estate market is classified as a Buyer's Market with an absorption rate of 3.2%. 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.

Last Update: 06/03/2026   Disclaimer: Listing data is based in whole or in part on data generated by the Real Estate Board of Greater Vancouver and Fraser Valley Real Estate Board which assumes no responsibility for its accuracy.

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