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MARKET SNAPSHOT
- ?Sold Listings
- ?Average Sales Price
- ?Average Days on Market
📊 Burnaby Sold Listings | Recent Home Sales & Market Data in Burnaby BC
Burnaby sold listings provide valuable insights into current market conditions and property values across this dynamic urban centre. With comprehensive recent sales data and market analysis, you can make informed decisions whether you're buying, selling, or investing in Burnaby real estate.
🌟 Why Analyze Sold Listings in Burnaby?
💡 Accurate Property Valuation Market Data
Use recent comparable sales to determine fair market value for similar properties. Burnaby sold data helps establish realistic pricing expectations in this competitive urban market.
📈 Transit-Oriented Market Trends
Identify price trends around SkyTrain stations and major transit corridors. Sold listings analysis reveals premium values for properties near Metrotown, Brentwood, and Lougheed Town Centre.
🎯 Informed Urban Investment Decisions
Make data-driven real estate decisions based on actual transaction prices in Burnaby's rapidly developing urban villages. Recent sales in Burnaby provide the most accurate picture of what buyers are willing to pay for urban convenience.
💰 Development Opportunity Assessment
Evaluate neighborhood redevelopment potential and appreciation using historical sales data. Sold property analysis helps identify emerging markets in Burnaby's town centre areas.
🔍 Explore Neighborhood Sales Data📍 Burnaby Neighborhood Sales Analysis | Recent Market Performance
Discover how different Burnaby neighborhoods are performing in the current market, with detailed analysis of recent sales trends and property values across key urban centres and established communities.
🏢 Metrotown & Central Burnaby Urban Core
Recent Sales Volume: 80-100 homes monthly
Average Days on Market: 12-20 days
Price Range (Condos): $600,000 - $1,200,000
Year-over-Year Change: +4.5% appreciation
Market Activity: High demand, transit-oriented, competitive bidding
🌳 Brentwood & Lougheed Transit Hub
Recent Sales Volume: 60-80 homes monthly
Average Days on Market: 15-25 days
Price Range (Condos): $550,000 - $1,100,000
Year-over-Year Change: +5.2% appreciation
Market Activity: Rapid development, strong investor interest
🏘️ Deer Lake & Government Road Established
Recent Sales Volume: 25-40 homes monthly
Average Days on Market: 20-35 days
Price Range (Detached): $1,800,000 - $3,500,000+
Year-over-Year Change: +3.8% appreciation
Market Activity: Luxury market, character homes, premium locations
🏠 Single Family Homes Detached
Recent Sales Price Range: $1,500,000 - $4,000,000+
Average Days on Market: 18-35 days
Sales-to-List Price Ratio: 99-104%
Year-over-Year Change: +4.2% average
Market Position: Limited supply, high demand for land value
🏘️ Townhouses & Row Homes Attached
Recent Sales Price Range: $800,000 - $1,500,000
Average Days on Market: 12-22 days
Sales-to-List Price Ratio: 101-106%
Year-over-Year Change: +5.8% average
Market Position: High demand, family alternative to detached
🏢 Condominiums Apartments
Recent Sales Price Range: $500,000 - $1,200,000
Average Days on Market: 10-20 days
Sales-to-List Price Ratio: 100-105%
Year-over-Year Change: +4.9% average
Market Position: Strong urban demand, investor activity
📊 Key Market Metrics - Last 90 Days:
- Total Residential Sales: 380-450 properties
- Average Sale Price (All Types): $1,050,000
- Median Days on Market: 18 days
- Sales-to-List Price Ratio: 102.3%
- New Listings Monthly: 500-550 properties
- Months of Inventory: 1.2 months (Strong Seller's Market)
📈 Burnaby Market Analysis | Understanding Sold Data & Urban Trends
Learning to interpret sold listings data in Burnaby's urban context is essential for making informed real estate decisions. Follow this comprehensive guide to understand how to analyze market trends and property values in Burnaby's dynamic environment.
Urban Context
Transit proximity
Development plans
Neighborhood character
Property Comparison
Building age & quality
View & orientation
Strata considerations
Trend Analysis
Transit premium trends
Development impacts
Urban village growth
Adjustment Factors
Building amenities
Transit walk score
Future development
Value Conclusion
Urban premium assessment
Development potential
Investment outlook
💰 Key Urban Market Metrics to Analyze
📊 Transit & Location Premiums
- Walk Score Impact: Properties with 80+ walk scores command 10-25% premiums
- Transit Score Premium: Near SkyTrain stations typically adds 15-30% value
- Development Pipeline: Areas with approved major projects show accelerated appreciation
- Urban Village Designation: Town centre properties outperform suburban areas
📈 Burnaby-Specific Market Indicators
- Strata Document Quality: Well-managed buildings maintain premium values
- Building Age & Depreciation: Newer concrete buildings hold value better
- View Protection: Mountain and city view properties show strongest appreciation
- Rental Demand: Near universities and transit drives investor returns
🔍 How to Use Burnaby Sold Data Effectively
🏢 For Condo Sellers
Transit premium pricing, strata document preparation, view valuation
🏠 For Home Buyers
Land value assessment, redevelopment potential, transit access value
📊 For Urban Investors
Rental yield analysis, development timing, transit growth projections
🏗️ For Developers
Land assembly opportunities, zoning potential, absorption rates
🛠️ Advanced Urban Market Analysis Techniques
1. 📍 Transit-Oriented Development Premiums
Analyze value premiums around Burnaby SkyTrain stations, recognizing that properties within 500 meters of stations typically command significant price advantages that accelerate during development phases.
2. 🏘️ Building-Specific Comparables
Focus analysis on recent sales within the same building or development for condominiums, as building quality, strata management, and amenities create significant value differences.
3. ⏰ Development Timeline Impacts
Account for phased appreciation during area redevelopment, understanding that values typically increase during planning, construction, and completion phases of major projects.
4. 🔄 Strata & Building Quality Factors
Evaluate strata documentation, contingency funds, and building maintenance as critical value factors in Burnaby's predominantly strata property market.
5. 💰 Land Value vs. Improvement Value
Separate analysis of land value from building value for detached properties, particularly important in areas with redevelopment potential near town centres.
📈 Current Burnaby Market Highlights
- Market Conditions: Strong seller's market across most property types
- Transit Premium: Properties near SkyTrain continuing to outperform market averages
- Development Activity: Ongoing major projects in Brentwood, Lougheed, and Metrotown
- Investor Activity: Strong rental demand supporting condominium investment
- Urban Intensification: Continued shift toward higher-density living near transit
🤝 Need Professional Burnaby Market Analysis?
Contact our specialized Burnaby market analysis team for comprehensive sold data reports, transit-oriented valuation services, and expert guidance on urban market conditions.
📞 Contact Burnaby Market Analyst Today❓ Burnaby Sold Listings FAQ | Common Questions
How current is the sold listings data for Burnaby?
Burnaby sold listings data is typically updated within 24-48 hours of a sale completing, with comprehensive market reports available for the previous 30-90 days focusing on urban market trends.
What is the average days on market for homes in Burnaby?
Currently, average days on market in Burnaby ranges from 10-25 days depending on property type and location, with well-priced condos near transit selling fastest.
How much premium do properties near SkyTrain command?
Properties within 500 meters of Burnaby SkyTrain stations typically command 15-30% premiums over similar properties further from transit, with the highest premiums in Metrotown and Brentwood.
What neighborhoods in Burnaby are seeing the most sales activity?
Currently, Metrotown and Brentwood are seeing the strongest sales activity, particularly for condominiums in newer buildings near SkyTrain and amenities.
How does building age affect condominium values in Burnaby?
Building age significantly impacts Burnaby condominium values, with concrete buildings under 10 years old typically commanding 10-20% premiums over older wood-frame buildings.
What are the current market trends for different property types in Burnaby?
Current Burnaby market trends show strongest appreciation in townhouses, continued strong demand for transit-oriented condos, and steady interest in detached homes for land value.