The Crest, Burnaby Townhouse Market Report – August 2023

In August 2023, the The Crest, Burnaby townhouse real estate market is classified as a Balanced Market with an absorption rate of 18.2%. 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.

4 townhouse properties sold in The Crest, Burnaby during August 2023 based on MLS® records. There were 22 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 The Crest, Burnaby in August 2023 was $1,264,250. Sold prices ranged from $1,200,000 to $1,359,000. Data is sourced from MLS® board records.

In August 2023, townhouse properties in The Crest, Burnaby averaged 21 days on the market before selling. With an absorption rate of 18.2%, the market is currently a Balanced Market. A lower average days-on-market indicates stronger demand.

The average townhouse sold price in The Crest, Burnaby in August 2023 was $1,264,250, up 7.2% year-over-year compared to August 2022 ($1,179,000). Sales volume was up 300% compared to the same month last year. Data is sourced from MLS® sold records.