Buyers currently have more choice in Burnaby's multi-family market, with homes taking longer to sell. In the past 30 days, 10 multi-family properties sold across Burnaby at an average sold price of $1,586,600. Multi-family properties are selling in an average of 54 days on the market. The absorption rate is 6.5% — meaning 6.5% of active multi-family inventory sells each month. Average multi-family prices in Burnaby are up 1.3% compared to the 90-day average of $1,565,957. If you're considering buying a multi-family property in Burnaby, you have more time to negotiate — though well-priced homes still attract attention.
Sold price trend
Last 30 days
$1,586,600
10 sold
Last 90 days
$1,565,957
42 sold
Last 12 months
$1,654,077
165 sold
30-day vs 90-day:
▲ 1.3%
90-day vs 12-month:
▼ 5.3%
Average MLS® sold price of multi-family properties by time window. Longer windows smooth out month-to-month swings in low-volume areas.
