According to MLS data for the Simon Fraser University area, specifically UniverCity of Burnaby North, during the past week there were a total of 7 new listings that came to market. This brings the total of active listings to 56 for an average list price of $416,250 or $456.20 per sq ft.
The total of active listings includes 7 listings located in Origin by Port Development, one of two new developments that went on pre-sale in late 2010. Given the activity that has been occurring in the SFU area, I would approximate that Origin would be very close to be being sold out.
Also included in the 7 new listings is 306 9232 University Cr, located in Novo II. This unit shows very well, is very clean and offers green space and city light views. I will be holding an open house there on March 26 from 1:00 to 3:00, come by check out this great unit and say hello.
One sale was registered through MLS this past week. In fact this sale looks to have gone into multiple offers as the sale price is higher than the asking price. This unit sold for an average cost per sqft of $422.99.
Contact us now if you have questions about the market in general or specifically if you would like to learn more about the Simon Fraser University area.