Simon Fraser Hills, Burnaby Condo Market Report – August 2024

Simon Fraser Hills is an active condo market in British Columbia's Lower Mainland. The report below covers sold activity, pricing trends, and market conditions for Simon Fraser Hills based on MLS® data.

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3
Units Sold
$492,833
Avg Sold Price
27d
Avg Days on Market
Balanced Market
Market Condition
24 active at start of month 3 new listings Absorption rate: 12.5% Highest sold: $535,500 Lowest sold: $445,000

How Does August 2024 Compare?

Period Units Sold Avg Sold Price Avg DOM
August 2024 (this report) 3 $492,833 27d
July 2024 month prior 1 +200% $420,500 +17.2% 9d +200%
August 2023 year ago 1 +200% $430,000 +14.6%

3-Year Price Trend — Simon Fraser Hills, Burnaby Condo

The Simon Fraser Hills, Burnaby condo real estate market was a Balanced Market in August 2024, with 24 active listings at the start of the month, 3 properties sold, an average sold price of $492,833, properties averaging 27 days on market, an absorption rate of 12.5%. All data is sourced from MLS® sold records.
Hani Faraj – RE/MAX Crest Realty
Prepared by
Hani Faraj
RE/MAX Crest • 604-229-3342
Your Simon Fraser Hills, Burnaby specialist
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Frequently Asked Questions — Simon Fraser Hills, Burnaby August 2024

In August 2024, the Simon Fraser Hills, Burnaby condo real estate market is classified as a Balanced Market with an absorption rate of 12.5%. The market in Simon Fraser Hills, Burnaby is currently balanced. Both buyers and sellers have reasonable negotiating positions. Always consult a licensed REALTOR® to assess your specific situation.

Last Update: 06/03/2026   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.

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