Parkcrest homes are convenient to public transportation, parks, schools, restaurants, and shopping. No wonder so many new families move here each year. Parkcrest is a safe place to settle down or start over with low crime and friendly neighbours. Residents don’t have to commute far to Vancouver because it’s close enough to the city.
Next, Parkcrest’s average home prices…
Average Home Prices
Parkcrest, Burnaby, has rising home prices. There’s something for everyone here with condo and single-family home prices! Parkcrest real estate is great for investing or living.
Average home price is 2023 is $2,643,324 CAD.
Depending on size and condition, houses in this area cost $1.5M–$5M. Condos are cheaper than single-family homes, which can cost over $5 million. Parkcrest real estate is affordable for all buyers.
Parkcrest has something for everyone, from starter condos to multimillion-dollar mansions. Parkcrest is one of Burnaby’s most popular neighbourhoods due to its diverse housing options. Next, townhouse prices…
Townhouse Costs
Parkcrest townhouses in Burnaby are plentiful. The latest data shows that townhouse prices in Burnaby have increased by 7% over the past year, making now a great time to buy or sell! There are many options for first-time homebuyers, downsizers, and investors.
Average townhouse costs $980,689 CAD in 2023.
Many factors affect Parkcrest townhouse prices and costs. Homebuyers must budget for closing costs, taxes, insurance, and more. Before listing their home, sellers should assess market conditions and consider any improvements. With so many variables, buyers and sellers should work closely with experienced real estate agents who can help them navigate this process easily and confidently.
Investing in a townhouse requires careful consideration of all aspects of buying and selling one. Comparing Parkcrest housing options requires knowing price points and investment amounts. Such information aids Burnaby home-buying decisions. Next, condo costs…
Condo Costs
Parkcrest condo buyers, rejoice! Condos here are cheaper than in nearby cities. This area’s condo market is competitive, but location and amenities affect prices. Many communities offer something for everyone! You can choose from luxury buildings with top-notch amenities to more affordable downtown options.
Average condo costs $980,032 CAD in 2023.
Condos are safe investments. Condos offer long-term security with lower maintenance costs than single-family homes or townhouses. Due to the large number of listings, selling—which could yield high returns—may be easier.
Condominiums in Parkcrest are a cost-effective solution for any homebuyer. From starter units to penthouse suites, there’s something for every lifestyle and budget. Let’s examine nearby neighbourhoods’ offerings.
How many homes are for sale in Parkcrest?
The average home in Parkcrest has a selling to listing price ratio of 96.6% and is listed on the market for 30 days, with 12 detached houses, 0 condos, and 0 townhomes currently available for sale.
How quickly are homes selling in Parkcrest?
In Burnaby, 36.4% of homes sell faster than 10 days on the market and 9.1% sell over their asking price, which is higher compared to other cities’ averages. Current Parkcrest real estate trends have shown this to be true.
Nearby Neighbourhoods
Nearby neighborhoods near Parkcrest, BurnabyBC:
- Willingdon Heights
- Montecito
- Confederation Heights
- Sullivan Heights
- South Slope
- Lake City Industrial
- Capitol Hill
- Burnaby Heights
- Edmonds
- The Crest
Parkcrest is near many desirable neighbourhoods. Local stores and restaurants give Edmonds a sense of community that attracts visitors and residents. Capitol Hill has many parks, while South Slope has great views from its elevation. Heights-Sapperton offers convenient Skytrain access to Metro Vancouver. South Marine is great for nature lovers, Cambie has lots of restaurants and shops, Deer Lake Park has peaceful trails, Brentwood has Burnaby’s best shopping centres, and Lougheed has great public transit into downtown Vancouver. These neighbourhoods make Parkcrest Burnaby’s most desirable neighbourhood.
Parkcrest is a top choice for city properties due to its convenience and nearby amenities.
Ranking Among Other Burnaby Areas
Parkcrest, Burnaby’s hidden gem, has the city’s best property values and a desirable location. Parkcrest is one of Burnaby’s most affordable real estate areas. This neighbourhood lets residents enjoy its benefits without sacrificing quality or value, whether they’re buying or renting. Parkcrest offers the best of convenience and comfort with stunning views, easy access to transportation, shopping, and parks.
Parkcrest is the perfect place to call home because it has everything you need at affordable prices. From cozy single-family homes on quiet residential streets to luxury condominiums with stunning mountain views, there’s something for everyone! Parkcrest is a great real estate investment with great potential appreciation.
Frequently Asked Questions
What Is The Average Commute Time To Downtown From Parkcrest?
Parkcrest Real Estate residents commute downtown in about 20 minutes. This makes it a commuter-friendly Burnaby neighbourhood. From here, you can drive, bus, or bike into Vancouver in 30 minutes. Walking and biking are also options, reducing travel time!
Are There Any Good Schools In The Area?
Burnaby has many good primary and secondary schools. Excellent elementary and secondary schools are nearby. These schools provide high-quality education that can help kids succeed.
These are schools in Parkcrest Burnaby, BC:
- Burnaby Central Secondary School
- South Slope Elementary School
- Maywood Community School
- Lochdale Community School
- Stoney Creek Community School
- Parkcrest Elementary School
- Summit Middle School
- Moscrop Secondary School
Are There Any Parks Or Recreational Activities Nearby?
Walking and biking trails in Burnaby make it a great place to enjoy nature. Parkcrest also has several public pools for hours of sun-filled fun. Soccer and baseball teams can use the neighborhood’s many sports fields. There are many parks around the area:
- Confederation Park
- Robert Burnaby Park
- Kensington Park
- South Slope Neighborhood Park
- Burquitlam Park
- Lougheed Town Centre Park
- Cariboo Hill Park
- Cameron Park
- Capitol Hill Park
- Willingdon Heights Park
Parkcrest has plenty of green space for walking or jogging alone. Nighttime strolls through town are safe and well-lit. Parkcrest has something for everyone, whether it’s playing with friends or enjoying nature alone!
Are There Any Public Transportation Options In The Area?
Parkcrest residents have many public transportation options. Local bus routes make grocery stores, banks, and restaurants easy to reach. The nearest SkyTrain station is a short walk away, and many other transit systems connect Burnaby and beyond.
Buy And Sell With Us!
Parkcrest living is great for many reasons. It’s close to downtown, with a 20-minute commute. Family-friendly schools are also nearby. It’s one of the safest places for families.
Parkcrest offers many outdoor and leisure activities. Whether it’s strolling through Central Park or seeing a movie at the local theatre, there’s always something to do here! This neighborhood’s public transportation makes getting around town easy too.
Parkcrest is like finding treasure—priceless and beautiful! This area attracts people from all walks of life due to its convenient location and abundance of amenities. If you’re looking for the perfect home, Parkcrest real estate has something for everyone!
