Balanced Market · avg townhouse price $945,000 · 2 sold (30d) · 30 days on market
The Montecito, Burnaby townhouse market is balanced, giving both buyers and sellers reasonable negotiating power. In the past 30 days, 2 townhouses sold across Montecito, Burnaby at an average sold price of $945,000. Townhouses are selling in an average of 30 days on the market. The absorption rate is 16.7% — meaning 16.7% of active townhouse inventory sells each month. Average townhouse prices in Montecito, Burnaby are up 13.5% compared to the 90-day average of $832,500.
12-month average townhouse sold price
Montecito is a Balanced Market for townhouses (absorption rate: 16.7%, 2 sold vs 12 active listings in the last 30 days).