Townhouses Market Report

May 2024 Simon Fraser Hills Townhouses Market

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

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Buyer's MarketSimon Fraser Hills townhouses is currently a buyer's market, with 10.1% sales-to-active listings ratio.
5
All Types Sold
$669K
Avg Sold Price
10d
Avg Days on Market
$495,806
Avg $/sqft

May 2024 Simon Fraser Hills Market Snapshot

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

All Types Sold5
Avg Sold Price$668,600
Avg Days on Market10 days
Avg Price per ft²$495,806

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 May 2024?+
May 2024 townhouses 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 townhouses in Simon Fraser Hills?+
Simon Fraser Hills townhouses 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 townhouse in Simon Fraser Hills?+
Simon Fraser Hills townhouses 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 May 2024?+
In May 2024, the Simon Fraser Hills real estate market (all property types) recorded 5 sales at an average price of $668,600, with properties averaging 10 days on market at $495,806 per square foot.
How did Simon Fraser Hills compare in May 2024 vs. March 2024?+
Compared to March 2024, overall Simon Fraser Hills sales volume was unchanged (5 vs 5 homes sold) and the average sold price was down 15% to $668,600.
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