Weekly Update and 2011 Year to date Stats for SFU

Simon Fraser University Market Stats for March 21, to March 27, 2011

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 58 for an average list price of $433,571 or $470.77 per sq ft. 

During the past week only one sale was registered through MLS.  However, given how the MLS system operates, a sale could have firmed during the past week but the sale date could be during the previous week and therefore would not show as a sale for this week.  Confusing, I now!  However, what we can determine is that there were a total of 56 listings during my last report.  There are now 58 but there were 7 new listings that came to market.  So what this really means is there were in fact 5 sales that have occurred.

Here is a recap of the year to date numbers:

-          Total sales since Jan 1, 2011 = 29

-          Average sale price = $401,858

-          Average cost per sqft = $391.87

During the past week one sale was registered on the MLS.  A town home unit in the Serenity complex sold for full asking in 8 days! 

The market is very active in the SFU area.  During the open house I held on March 26, 2011 at 306 9232 University in the Novo II complex, I had a total of 19 people through or 12 groups during the two hour period; an excellent turn out.  Feedback was very positive.  Since the open we have shown or have scheduled an additional 4 appointments.  The unit is well priced, shows very well and offers the bonus of a storage locker.  This unit should not be on the market much longer!

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.


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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

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Highland House by Liberty Homes

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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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