Burnaby East Real Estate Market Update – April 2025

Sharp Rise in Listings, Slower Sales in Townhomes and Detached Segments

April 2025 data for Burnaby East reflects a mixed and increasingly segmented market. Inventory continues to rise sharply across all property types, but sales volumes are softening, especially in townhomes and detached homes. Condos remain the strongest-performing segment, though they’re not immune to growing days on market and price pressure.

Here’s what you need to know from this month’s numbers.

Key Market Stats for April 2025

Detached Homes

  • Total Active Listings: 51 (+27.5% YoY)
  • Sales: 5 (-16.7% YoY)
  • Days on Market Average: 31 (+55.0% YoY)
  • MLS® HPI Benchmark Price: $1,969,200 (+0.9% YoY)

Condos

  • Total Active Listings: 89 (+50.8% YoY)
  • Sales: 16 (+14.3% YoY)
  • Days on Market Average: 26 (+18.2% YoY)
  • MLS® HPI Benchmark Price: $789,200 (-3.0% YoY)

Townhomes

  • Total Active Listings: 40 (+166.7% YoY)
  • Sales: 3 (-62.5% YoY)
  • Days on Market Average: 32 (+113.3% YoY)
  • MLS® HPI Benchmark Price: $921,400 (+1.7% YoY)

Market Trends & Expert Insights

  • Detached Homes: Cooling Momentum
    Detached listings are up nearly 28% year-over-year, while sales fell nearly 17%. Homes are taking longer to sell—31 days on average—and while the benchmark price ticked up slightly (+0.9%), this segment is clearly slowing as inventory builds and demand fades.
  • Condos: Still Active, But Price Softening
    Condos were the only property type to post a sales increase (+14.3% YoY), despite a 50% increase in listings. However, average time on market rose to 26 days, and prices dipped 3.0% YoY. This suggests buyers are still active, but are negotiating more and acting with caution.
  • Townhomes: Inventory Surge, Demand Collapse
    Townhomes saw the most extreme shift this month. Listings rose 167% YoY, but sales plummeted 62.5%, and average days on market more than doubled. Surprisingly, prices held with a modest 1.7% YoY increase, but if trends persist, downward pressure is likely in the coming months.
  • Sales-to-Active Ratio Snapshot:
    • Detached Homes: 9.8% → Buyer’s Market
    • Condos: 18.0% → Balanced Market
    • Townhomes: 7.5% → Buyer’s Market

What This Means for Buyers & Sellers

For Buyers:

  • Detached and townhome buyers have clear leverage with rising inventory and slower sales.
  • Condo buyers have more selection, and while activity is healthy, prices are softening—making it a good time to negotiate.

For Sellers:

  • Detached and townhome sellers must be highly strategic with pricing and presentation as competition increases.
  • Condo sellers remain in the best position but should be aware of growing buyer sensitivity to price and value.

Final Thoughts

Burnaby East is moving toward a more buyer-friendly environment in most segments. Detached and townhome sellers will need to adjust quickly to shifting conditions, while condo activity remains stable for now. Inventory is building, and buyers are becoming more discerning—a pattern that could define the late spring market.

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