Forest Hills real estate market update

Dec. 26, 2008 - PRLog -- Forest Hills North Vancouver real estate

Forest Hills is a very popular area of North Vancouver located just up the hill from Capilano Highlands and Edgemont Village. It is a smaller geographic area but very popular nonetheless.

There were eight listings in Forest Hills available on the market for the month. The highest priced listing was at $2,149,000, the lowest was at $675,000. The average list price at $1,419,220, the average days on the market at 78.

Four of the properties listed reduced their prices from anywhere between $22,000 to $124,000. The average price reduction was $69,000, the largest price reduction was $124,000. The average time spent on the market for these properties was 91.

There was one property that failed to sell which sat on the market for 162 days and one home that sold. It also happened to be the second lowest priced home for sale in Forest Hills. This home sold $44,000 below its list price and went for $635,000.

About Kevin Lynch

Kevin Lynch is a local real estate expert with nearly 20 years of sales and marketing it the local real estate industry. He has sold hundreds of homes over the years, has received many industry awards for his sales achievements and lives to serve and help others. He is a ‘pay it forward’ advocate and continuously looks for new inspiring models for giving back.

Copyright protected. You may use this article in full without adjustments or changes of any kind including title, links, copy and disclaimers. Should you wish to re-write or adjust for your own purposes, you may do so only if you refer to Kevin Lynch and include a web site link to this page. Should media want to contact me for an interview or to discuss markets, you can reach me here.

All statistics indicated, inferred and supplied herein are approximate and are for informational purposes only. This information does not replace a home estimate, property appraisals or other professional services. All parties are strongly advised to do their own research prior to making any real estate related decisions including (but not limited to)
having multiple, comprehensive home and market estimates, surveys, inspections, appraisals and legal advice. Not intended to induce or cause breach of an existing relationship.

Kevin Lynch
Sutton Group West Coast Realty
604.307.9448
www.kevinlynchrealestate.com

# # #

Vancouver's top real estate news resource for buyers, seller, media and press, realtors and investors. Kevin Lynch is Vancouver's premier real estate agent helping people realize their home ownership and real estate investment dreams.