Townhouses Market Report

February 2024 Simon Fraser Hills Townhouses Market

Townhouses market data for Simon Fraser Hills, Burnaby — February 2024. Average sold price $1,053,000, 1 sold in 30 days, 45 avg days on market.

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Buyer's MarketSimon Fraser Hills townhouses is currently a buyer's market. 8.3% sales-to-active listings ratio — homes selling in an average of 45 days, at an average sold price of $1,053,000 — well-priced properties are attracting strong demand.
1
Townhouses Sold (30d)
$1.05M
Avg Sold Price
45d
Avg Days on Market
12
Homes For Sale

Current Simon Fraser Hills Townhouses Stats

Live MLS® data updated every 5 minutes. Most recent 30-day rolling window.

Townhouses Sold (30d)1
Avg Sold Price$1,053,000
Homes For Sale12
Avg Days on Market45 days
Months of Supply12.0 mo

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 Townhouses

How did the Simon Fraser Hills townhouses market perform in February 2024?+
The Simon Fraser Hills townhouses market currently shows 1 units sold in the last 30 days at an average price of $1,053,000, with an average of 45 days on market. Buyers have more choice and negotiating leverage. This data reflects the most recent 30-day MLS® activity.
What is the average price of a townhouse in Simon Fraser Hills?+
The average sold price for a townhouse in Simon Fraser Hills is currently $1,053,000, based on MLS® sales over the past 30 days. Prices vary by size, floor, age, and condition. Contact a local agent for a property-specific valuation.
How long do townhouses take to sell in Simon Fraser Hills?+
Townhouses in Simon Fraser Hills are currently selling in an average of 45 days on market. Well-priced properties in good condition tend to sell faster — sometimes within days of listing. Properties at higher price points may take longer.
What is the absorption rate for townhouses in Simon Fraser Hills?+
Simon Fraser Hills townhouses has a sales-to-active listings ratio (SALR) of 8.3%, 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 townhouse in Simon Fraser Hills?+
Simon Fraser Hills townhouses are currently in a buyer's market. The average price is $1,053,000. 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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