Condos Market Report

November 2023 Simon Fraser Hills Condos Market

Condos market data for Simon Fraser Hills, Burnaby — covering sales volume, pricing, and days on market for November 2023.

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Buyer's MarketSimon Fraser Hills condos is currently a buyer's market, with 10.1% sales-to-active listings ratio.
4
All Types Sold
$555K
Avg Sold Price
58d
Avg Days on Market
$444,882
Avg $/sqft

November 2023 Simon Fraser Hills Market Snapshot

All property types — historical MLS® data for Simon Fraser Hills in November 2023.

All Types Sold4
Avg Sold Price$555,375
Avg Days on Market58 days
Avg Price per ft²$444,882

Simon Fraser Hills Monthly Market Trend

MonthSoldAvg Sold PriceAvg DOMAvg $/sqftMarket
September 20261$1,053,00045d$526,500—
August 20263$581,00045d$306,969Seller's
July 20261$515,00020d$522Seller's
June 20261$830,00018d$830,000Seller's
May 20264$738,00051d$663,102Seller's
April 20262$627,50022d$627,500Seller's

Frequently Asked Questions — Simon Fraser Hills Condos

How did the Simon Fraser Hills condos market perform in November 2023?+
November 2023 condos data for Simon Fraser Hills is being compiled. Check back soon or view the full Simon Fraser Hills market report.
What is the absorption rate for condos in Simon Fraser Hills?+
Simon Fraser Hills condos has a sales-to-active listings ratio (SALR) of 10.1%, below the 12% threshold that defines a buyer's market. There are more homes available relative to demand, giving buyers more time to consider their options and more room to negotiate on price and conditions. Sellers may need to price competitively to attract offers.
Is it a good time to buy a condo in Simon Fraser Hills?+
Simon Fraser Hills condos are currently in a buyer's market. Whether now is the right time depends on your personal timeline, budget, and goals. A knowledgeable local agent can help you assess current opportunities.
How did the overall Simon Fraser Hills market perform in November 2023?+
In November 2023, the Simon Fraser Hills real estate market (all property types) recorded 4 sales at an average price of $555,375, with properties averaging 58 days on market at $444,882 per square foot.
How did Simon Fraser Hills compare in November 2023 vs. October 2023?+
Compared to October 2023, overall Simon Fraser Hills sales volume was up 300% (1 vs 4 homes sold) and the average sold price was down 27% to $555,375.
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