The Simon Fraser University area, specifically UniverCity of Burnaby North real estate market seems to increasing steam. 7 new listings came to market this past week, including an incredible penthouse unit at 9188 Altaire. There were no sales although the word on the street is that a town home did sell last night (Jan 25th) which will show in next week’s MLS data
There are now 38 active listings in the area with an average cost of $415,649 or $459.70 per sq ft. 4 of the 38 units for sale are located in the Origin development.
Inventory levels are still low for the area. Given the increased demand in the real estate market right now, drive in part to new mortgage rules that take affect March 2011, this could be a very good time for Sellers looking to make a move in the SFU area.
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