Balanced Market · avg price $1,390,000 · 2 sold (30d) · 31 days on market
The Metrotown, Burnaby multi-family market is balanced, giving both buyers and sellers reasonable negotiating power. In the past 30 days, 2 multi-family properties sold across Metrotown, Burnaby at an average sold price of $1,390,000. Multi-family properties are selling in an average of 31 days on the market. The absorption rate is 18.2% — meaning 18.2% of active multi-family inventory sells each month. Average multi-family prices in Metrotown, Burnaby are down 22.3% compared to the 90-day average of $1,788,333.
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12-month average sold price (all types combined)
Metrotown is a Balanced Market for multi-family properties (absorption rate: 18.2%, 2 sold vs 11 active in the last 30 days).