The Crest, Burnaby Market Report – May 2022

Q: How many homes sold in The Crest, Burnaby in May 2022?

7 properties sold in The Crest, Burnaby during May 2022 based on MLS® records. There were 52 active listings at the start of the month. A total of 8 new listings came to market during the month.

Q: What is the average home price in The Crest, Burnaby?

The average sold price in The Crest, Burnaby in May 2022 was $1,487,286. Sold prices ranged from $1,265,000 to $1,768,000. Data is sourced from MLS® board records.

Q: How long are homes sitting on the market in The Crest, Burnaby?

In May 2022, properties in The Crest, Burnaby averaged 25 days on the market before selling. With an absorption rate of 13.5%, the market is currently a Balanced Market. A lower average days-on-market indicates stronger demand.

Q: How has the The Crest, Burnaby market changed compared to last year?

The average sold price in The Crest, Burnaby in May 2022 was $1,487,286, up 18.3% year-over-year compared to May 2021 ($1,256,714). Sales volume was down 0% compared to the same month last year. Data is sourced from MLS® sold records.

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

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Units Sold

$1,487,286

Avg Sold Price

25d

Avg Days on Market

Balanced Market

Market Condition

52 active at start of month 8 new listings Absorption rate: 13.5% Highest sold: $1,768,000 Lowest sold: $1,265,000

How Does May 2022 Compare?

Period	Units Sold	Avg Sold Price	Avg DOM
May 2022 (this report)	7	$1,487,286	25d
April 2022 month prior	3 +133.3%	$1,621,633 -8.3%	6d +316.7%
May 2021 year ago	7 +0%	$1,256,714 +18.3%	—

3-Year Price Trend — The Crest, Burnaby

The The Crest, Burnaby real estate market was a Balanced Market in May 2022, with 52 active listings at the start of the month, 7 properties sold, an average sold price of $1,487,286, properties averaging 25 days on market, an absorption rate of 13.5%. All data is sourced from MLS® sold records.

Recently Sold in The Crest, Burnaby

7470 Almond Place

Sold $2,154,500

6 bd • 5 ba • House

7501 Cumberland Street

Sold $1,125,000

4 bd • 3 ba • Townhouse

7500 Cumberland Street

Sold $1,140,000

4 bd • 3 ba • Townhouse

8533 Cumberland Place

Sold $1,155,000

3 bd • 3 ba • Townhouse

Active Listings in The Crest, Burnaby

3 bd • 3 ba • Townhouse

8533 Cumberland Place

$1,175,000

4 bd • 4 ba • Townhouse

3 bd • 4 ba • Townhouse

7833 Coquitlam Street

$1,699,000

3 bd • 1 ba • House

Prepared by

Hani Faraj

RE/MAX Crest • 604-229-3342
Your The Crest, Burnaby specialist

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Related: The Crest, Burnaby Archive → Live Market Stats → Burnaby Reports → All BC Reports →

Frequently Asked Questions — The Crest, Burnaby May 2022

Is it a good time to buy in The Crest, Burnaby? −

In May 2022, the The Crest, Burnaby real estate market is classified as a Balanced Market with an absorption rate of 13.5%. The market in The Crest, Burnaby is currently balanced. Both buyers and sellers have reasonable negotiating positions. Always consult a licensed REALTOR® to assess your specific situation.

How many homes sold in The Crest, Burnaby in May 2022? +

What is the average home price in The Crest, Burnaby? +

How long are homes sitting on the market in The Crest, Burnaby? +

How has the The Crest, Burnaby market changed compared to last year? +

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.