Burnaby East Real Estate Market Update – June 2025

Inventory Soars, Prices Fall Across All Segments

June 2025 highlights a market under pressure in Burnaby East, with sharp increases in active listings and broad price declines across detached homes, condos, and townhomes. Sales activity is uneven—while detached and condos recorded modest year-over-year gains, townhome sales fell significantly despite a surge in supply.

Key Market Stats for June 2025

Detached Homes

  • Total Active Listings: 70 (+48.9% YoY)
  • Sales: 6 (+50.0% YoY)
  • Days on Market Average: 9 (-59.1% YoY)
  • MLS® HPI Benchmark Price: $1,869,700 (-4.8% YoY)

Condos

  • Total Active Listings: 107 (+35.4% YoY)
  • Sales: 11 (+57.1% YoY)
  • Days on Market Average: 31 (+10.7% YoY)
  • MLS® HPI Benchmark Price: $773,200 (-3.6% YoY)

Townhomes

  • Total Active Listings: 41 (+41.4% YoY)
  • Sales: 4 (-33.3% YoY)
  • Days on Market Average: 15 (-60.5% YoY)
  • MLS® HPI Benchmark Price: $907,000 (-2.3% YoY)

Market Trends & Expert Insight

  • Detached Homes: Inventory Spike, Price Decline
    Detached listings surged nearly 49% YoY, but sales—while up 50% from last year—remain low in absolute terms. The benchmark price fell 4.8%, suggesting that oversupply is driving downward pressure, even with faster sales (9 days on average).
  • Condos: Higher Listings, Modest Demand
    Condo inventory climbed 35.4%, and sales improved slightly, up 57.1% YoY. However, prices slipped 3.6% YoY, with days on market extending to 31 days, indicating growing negotiation leverage for buyers.
  • Townhomes: Weak Sales Despite Inventory Growth
    Townhomes had the sharpest imbalance—inventory up 41.4%, but sales down 33.3% YoY. Prices declined 2.3%, even though homes sold faster (15 days), reflecting an aggressive pricing strategy to move inventory.
  • Sales-to-Active Ratio Snapshot:
    • Detached: 8.6% → Buyer’s Market
    • Condos: 10.3% → Buyer’s Market
    • Townhomes: 9.8% → Buyer’s Market

What This Means for Buyers & Sellers

For Buyers:

  • Buyers across all property types have significant leverage, thanks to surging inventory and price declines.
  • Detached and condo buyers, in particular, will find strong negotiation opportunities.

For Sellers:

  • Sellers must price competitively and market aggressively to attract offers in a buyer-dominated environment.
  • Consider incentives or flexible terms to stand out amid increased competition.

Final Thoughts

Burnaby East is now firmly in a buyer’s market, driven by an influx of listings and weaker-than-expected demand. With prices trending lower and inventory climbing, buyers are well-positioned to secure favorable deals this summer.

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