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Spring fever took a slight dip in temperature last month. While April condo sales in Burnaby were strong with 209 properties changing hands, they were nevertheless 13 per cent cooler than March. Condos that did sell went from anywhere from seven per cent below list to 25 per cent above asking price.
With close to 300 active listings – many of which are new – this is a good time to refine your search. The most affordable Burnaby listing is $175,000 for a one-bedroom in the Burnaby Hospital area while the most expensive is $1,695,000 for a South Slope beauty.
Brentwood Park
This upscale neighbourhood has been undergoing tremendous growth ever since the arrival of the Millennium SkyTrain line and there’s no end in sight for that with the redevelopment of Brentwood Mall. Condo hunters will find 35 active listings here ranging from $235,000 for a one-bedroom unit that’s been on the market since mid-March to $1,598,900 for a three-bedroom condo in Stratus.
That spring buying fever was alive and well in Brentwood Park last month with some 46 condos changing hands. These went from six per cent under list price (a two-bedroom in Douglas View that sold for $282,000 after four days) to 23 per cent over asking (a two-bedroom in Perspectives that was listed for $488,000 and sold after a week for $602,500).
Willingdon Heights
This community with its close proximity to Vancouver’s downtown core is one of Burnaby’s most sought-after areas. There are only two current condo listings here: a one-bedroom in Union for $375,000 and a one-bedroom in Vantage for $488,000. Both came on the market in mid-March.
Two April sales in Willingdon Heights showed up in our stats. One was in Union; its owner was in a hurry to sell, letting it go for one per cent under its $369,999 asking price after only three days on the market. The other seller held out for double that – six whole days – and saw their two-bedroom home in The Heights sell for $450,000 – 25 per cent over asking.
Burnaby Condo Market Snapshot
