Burnaby Townhouse Market Report – March 2021

In March 2021, the Burnaby townhouse real estate market is classified as a Strong Seller's Market with an absorption rate of 33.5%. It is currently a strong seller's market in 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.

120 townhouse properties sold in Burnaby during March 2021 based on MLS® records. There were 358 active listings at the start of the month. A total of 147 new listings came to market during the month.

The average townhouse sold price in Burnaby in March 2021 was $833,796. Sold prices ranged from $407,000 to $1,390,000. Data is sourced from MLS® board records.

In March 2021, townhouse properties in Burnaby averaged 19 days on the market before selling. With an absorption rate of 33.5%, the market is currently a Strong Seller's Market. A lower average days-on-market indicates stronger demand.

The average townhouse sold price in Burnaby in March 2021 was $833,796, up 20.8% year-over-year compared to March 2020 ($690,000). Sales volume was up 11900% compared to the same month last year. Data is sourced from MLS® sold records.