Townhouses Market Report

July 2024 Forest Hills BN Townhouses Market

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

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Buyer's MarketForest Hills BN townhouses is currently a buyer's market, with 10.1% sales-to-active listings ratio.
2
All Types Sold
$917K
Avg Sold Price
37d
Avg Days on Market
$916,500
Avg $/sqft

July 2024 Forest Hills BN Market Snapshot

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

All Types Sold2
Avg Sold Price$916,500
Avg Days on Market37 days
Avg Price per ft²$916,500

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 Townhouses

How did the Forest Hills BN townhouses market perform in July 2024?+
July 2024 townhouses 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 townhouses in Forest Hills BN?+
Forest Hills BN 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 Forest Hills BN?+
Forest Hills BN 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 Forest Hills BN market perform in July 2024?+
In July 2024, the Forest Hills BN real estate market (all property types) recorded 2 sales at an average price of $916,500, with properties averaging 37 days on market at $916,500 per square foot.
How did Forest Hills BN compare in July 2024 vs. June 2024?+
Compared to June 2024, overall Forest Hills BN sales volume was down 67% (6 vs 2 homes sold) and the average sold price was down 12% to $916,500.
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