Simon Fraser University Year to Date Update

The real estate market in Simon Fraser University area, specifically UniverCity on Burnaby Mountain has seen an increase in activity since the beginning of the year.  We are off to a great start.  As I reported in my 2011 Year in Review post back on January 6, 2012, inventory levels were low at the time.  Of the approximately 1350 resale units in UniverCity, as of Jan 6, 2012 there were only 31 active listings or approximately 2.3% of resale units for sale. 

Fast forward one week or rather 11 days and we now see 40 active listings.  Although still low at only 2.9% of resale homes available for sale, the increase does help with product selection. 

Pricing ranges from $239,000 for a 423 sqft studio unit to $699,000 for a 2097 sqft 3 bed double car garage town home.  The average list price now sits at $452,995 or $444.44 per sqft. 

Although there have been no sales registered through MLS since the beginning of the year, I do know of at least one unit that has an offer pending subject removal.  I am confident there are others at this stage in the sales cycle however this is not tracked by MLS or the board.  We should see at least 1 or more sales registered by the end of the month.

In other news, Port Development is getting ready to go-to-market with Lift. I believe the official public launch will be around March 1, 2012.  However, if you cannot wait and would like to get a jump on the market, check back at www.liveatsimonfraser.comfor details on an exciting exclusive launch that I will be hosting with Porte Development.

If you have any further questions please contact us directly.


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Simon Fraser
Market Update

Simon Fraser Condos

Altaire by Polygon

Altaire built in 2008/2009 reaches higher then any other condo building in Metro Vancouver offering panoramic views.

Novo I by Intergulf

Novo I built in 2007 known for the amazing sight lines and views from most units and balconies up to 1000 sq ft.

Novo II by Intergulf

Novo II built in 2007 known for the amazing sight lines and views from most units and balconies up to 1000 sq ft.

Aurora by Polygon

Aurora built in 2006 with 103 condos featuring 36 unique floor plans ranging from 715 sq ft to 1500 sq ft.

One University by Millennium

One University built in 2005 is UniverCity's flagship building with luxury homes featuring semi private elevators.

Harmony by Polygon

Harmony built in 2005 was the first condo development at Univercity & as a result offers a unique setting & views.

Serenity Townhomes by Polygon

Serenity is a collection of 2 bedroom townhomes of 1100 sq ft ranging to 4 bedroom 2000+ sq ft townhomes.

The Hub by Liberty Homes

The Hub built in 2009 is set atop Nester's Grocery and steps from High Street giving these homes an urban feel.

Verdant by VanCity Enterprises

Verdant is a two storey town home building built with environmental design and stylish living spaces which complement the modern exterior of these SFU homes.

Origin by Porte Development

Origin is designed by GBL Architect & BYU Interior Designs, developed by Porte Development Corp. and marketed by Red Dot Real Estate.

Nest by Mosaic

Located on UniverCity High Street across from the new University Highlands elementary schools this refreshing building will add further depth to a growing community.

Highland House by Liberty Homes

A 12-storey concrete high-rise development and targeted towards Rental Investors and First-Time Condo Buyers.

Lift by Porte Development

Lift will be a wood frame building comprising of 56 homes. Building technologies, environmental features, and price points should be similar to Origin.

Altitude by Hungerford Group

Altitude will be a 2 tower development comprising of a 12 and 14 story building with a total of 210 strata units.

CentreBlock by Liberty Homes

CentreBlock at UniverCity atop Burnaby Mountain is the latest condo project with sales commencing early 2014. .

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