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Forest Hill Real Estate Market Update Winter 2019
The real estate market in Forest Hill was steady in 2018. While the 76 homes that sold in 2018 represented a drop of 14.6% from the 89 that sold in 2017, it was still a busy year. Prices in the neighbourhood continued to rise. The average sale price last year was $494,000, an increase of more than 10% from the average of $448,000 in 2017. The selling cycle remained quick, homes sold in an average of just 17 days on market and they sold for slightly more than their full list price (100.6%). It should be noted that nearly half of the homes that sold in Forest Hill last year were sold at or above their full list price. Strategically priced homes are still attracting multiple offers with limited conditions. See below for the full update or download it in the attachments.