Condos Market Report

March 2024 Forest Hills BN Condos Market

Condos market data for Forest Hills BN, Burnaby — covering sales volume, pricing, and days on market for March 2024.

← FebMarApr →All Reports →
Buyer's MarketForest Hills BN condos is currently a buyer's market, with 10.1% sales-to-active listings ratio.
1
All Types Sold
$648K
Avg Sold Price
5d
Avg Days on Market
$720
Avg $/sqft

March 2024 Forest Hills BN Market Snapshot

All property types — historical MLS® data for Forest Hills BN in March 2024.

All Types Sold1
Avg Sold Price$648,000
Avg Days on Market5 days
Avg Price per ft²$720

Forest Hills BN Monthly Market Trend

MonthSoldAvg Sold PriceAvg DOMAvg $/sqftMarket
September 20264$1,251,50014d$675,875—
August 20261$1,750,00081d$875,000Seller's
July 20264$1,136,25021d$865,417Seller's
June 20266$906,66727d$818,125Seller's
May 20262$912,50027d$658,750Seller's
April 20263$1,073,3335d$706,667Seller's

Frequently Asked Questions — Forest Hills BN Condos

How did the Forest Hills BN condos market perform in March 2024?+
March 2024 condos data for Forest Hills BN is being compiled. Check back soon or view the full Forest Hills BN market report.
What is the absorption rate for condos in Forest Hills BN?+
Forest Hills BN 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 Forest Hills BN?+
Forest Hills BN 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 Forest Hills BN market perform in March 2024?+
In March 2024, the Forest Hills BN real estate market (all property types) recorded 1 sales at an average price of $648,000, with properties averaging 5 days on market at $720 per square foot.
How did Forest Hills BN compare in March 2024 vs. February 2024?+
Compared to February 2024, overall Forest Hills BN sales volume was down 50% (2 vs 1 homes sold) and the average sold price was down 67% to $648,000.
Explore More

What does the Forest Hills BN condos market mean for you?

Saeed specialises in Forest Hills BN real estate and can give you a personalised view of the condos market.

Get a Market Briefing

Why work with Saeed

Real estate expertise you can count on — reach out any time.

Call 778-883-3264or send a message