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RE/MAX Twin City Realty Inc., Brokerage*

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Forest Heights Real Estate Market Update Winter 2019

It was another excellent year for home sales in Forest Heights.  A record total of 181 homes sold in the area in 2018 an increase of 1.7% from the 178 that sold in 2017.  Sale prices continued to improve.  In 2018 the average sale price in the neighbourhood was $486,000 an increase of 6.3% from the average of $457,000 in 2017 and an increase of 43% since the end of 2015.  The selling cycle remained quick, homes sold in an average of just 17 days on market and they sold for more than their full list price (101.5%).   It should be noted that 60% of the homes sold in Forest Heights last year were sold at or above their full list price.  Strategically priced homes are still attracting multiple offers with few conditions.  See below for the full update or download it in the attachments.




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