Duplexes Market Report

February 2024 Simon Fraser Hills Duplexes Market

Duplexes market data for Simon Fraser Hills, Burnaby — covering sales volume, pricing, and days on market for February 2024.

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Buyer's MarketSimon Fraser Hills duplexes is currently a buyer's market, with 10.1% sales-to-active listings ratio.
4
All Types Sold
$718K
Avg Sold Price
15d
Avg Days on Market
$595,387
Avg $/sqft

February 2024 Simon Fraser Hills Market Snapshot

All property types — historical MLS® data for Simon Fraser Hills in February 2024.

All Types Sold4
Avg Sold Price$717,750
Avg Days on Market15 days
Avg Price per ft²$595,387

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 Duplexes

How did the Simon Fraser Hills duplexes market perform in February 2024?+
February 2024 duplexes 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 duplexes in Simon Fraser Hills?+
Simon Fraser Hills duplexes 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 duplex in Simon Fraser Hills?+
Simon Fraser Hills duplexes 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 February 2024?+
In February 2024, the Simon Fraser Hills real estate market (all property types) recorded 4 sales at an average price of $717,750, with properties averaging 15 days on market at $595,387 per square foot.
How did Simon Fraser Hills compare in February 2024 vs. January 2024?+
Compared to January 2024, overall Simon Fraser Hills sales volume was down 33% (6 vs 4 homes sold) and the average sold price was up 26% to $717,750.
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