Forest Heights–April 2010 Market Results

Forest Heights had a busy April with 93 active listings and 11 successful closings! With the exception of a +$1MM peak in November of ’09, this neighborhood is keeping a pretty low profile with it’s averages. 75th percentile is $650k, the mean is at $416k (ouch–that is a drop) and it must be condos that are at the first quartile at $290k. This does not speak well for comps and appraisals, but it continues to be great for buyers who have been patiently waiting to jump! In addition, it looks like closed sales did so at -10% under the most recent list price. Stats and graphs are below!

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