Forest Glen BS, Burnaby Market Report – February 2022

Q: How many homes sold in Forest Glen BS, Burnaby in February 2022?

16 properties sold in Forest Glen BS, Burnaby during February 2022 based on MLS® records. There were 241 active listings at the start of the month. A total of 17 new listings came to market during the month.

Q: What is the average home price in Forest Glen BS, Burnaby?

The average sold price in Forest Glen BS, Burnaby in February 2022 was $1,802,563. Sold prices ranged from $540,000 to $3,380,000. Data is sourced from MLS® board records.

Q: How long are homes sitting on the market in Forest Glen BS, Burnaby?

In February 2022, properties in Forest Glen BS, Burnaby averaged 15 days on the market before selling. With an absorption rate of 6.6%, the market is currently a Buyer's Market. A lower average days-on-market indicates stronger demand.

Q: How has the Forest Glen BS, Burnaby market changed compared to last year?

The average sold price in Forest Glen BS, Burnaby in February 2022 was $1,802,563, up 72.5% year-over-year compared to February 2021 ($1,044,868). Sales volume was down 27.3% compared to the same month last year. Data is sourced from MLS® sold records.

Forest Glen BS is an active real estate market in British Columbia's Lower Mainland. The report below covers sold activity, pricing trends, and market conditions for Forest Glen BS based on MLS® data.

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Units Sold

$1,802,563

Avg Sold Price

15d

Avg Days on Market

Buyer's Market

Market Condition

241 active at start of month 17 new listings Absorption rate: 6.6% Highest sold: $3,380,000 Lowest sold: $540,000

How Does February 2022 Compare?

Period	Units Sold	Avg Sold Price	Avg DOM
February 2022 (this report)	16	$1,802,563	15d
January 2022 month prior	17 -5.9%	$1,248,652 +44.4%	28d -46.4%
February 2021 year ago	22 -27.3%	$1,044,868 +72.5%	—

3-Year Price Trend — Forest Glen BS, Burnaby

The Forest Glen BS, Burnaby real estate market was a Buyer's Market in February 2022, with 241 active listings at the start of the month, 16 properties sold, an average sold price of $1,802,563, properties averaging 15 days on market, an absorption rate of 6.6%. All data is sourced from MLS® sold records.

Recently Sold in Forest Glen BS, Burnaby

4808 Hazel Street

Sold $999,900

3 bd • 2 ba • Apartment

4657 Grassmere Street

1 bd • 1 ba • Apartment

6055 Nelson Avenue

Sold $524,000

1 bd • 1 ba • Apartment

6538 Elgin Avenue

Sold $666,000

2 bd • 2 ba • Townhouse

6041 Selma Avenue

Sold $2,000,000

6 bd • 3 ba • House

Active Listings in Forest Glen BS, Burnaby

4567 Hazel Street

$939,000

3 bd • 2 ba • Apartment

5312 Elsom Avenue

$1,780,000

4 bd • 4 ba • Townhouse

2 bd • 2 ba • Apartment

Prepared by

Hani Faraj

RE/MAX Crest • 604-229-3342
Your Forest Glen BS, Burnaby specialist

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Related: Forest Glen BS, Burnaby Archive → Live Market Stats → Burnaby Reports → All BC Reports →

Frequently Asked Questions — Forest Glen BS, Burnaby February 2022

Is it a good time to buy in Forest Glen BS, Burnaby? −

In February 2022, the Forest Glen BS, Burnaby real estate market is classified as a Buyer's Market with an absorption rate of 6.6%. Conditions may favour buyers — there is relatively more supply than demand, giving buyers more choice and negotiating room. Always consult a licensed REALTOR® to assess your specific situation.

How many homes sold in Forest Glen BS, Burnaby in February 2022? +

What is the average home price in Forest Glen BS, Burnaby? +

How long are homes sitting on the market in Forest Glen BS, Burnaby? +

How has the Forest Glen BS, Burnaby market changed compared to last year? +

Last Update: 06/04/2026 Disclaimer: Listing data is based in whole or in part on data generated by the Real Estate Board of Greater Vancouver and Fraser Valley Real Estate Board which assumes no responsibility for its accuracy.