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Westcoast Condominium
Condo shoppers looking for action: take note. The number of active listings in Burnaby is on the increase and the overall median price is down some 20K from two weeks ago. Getting your foot in the door could be as easy as the one-bedroom home on Laurel Street near Burnaby Hospital that’s available for $175,000. That’s in an older building (Valhalla Court) and it’s been on the market since September, so perhaps the seller would welcome a nibble. At the high end, the most expensive listing currently in Burnaby is a penthouse in The Savoy in the South Slope neighbourhood. On the books since last April, it’s listed at $1,695,000.
A quick look at 35 recent sales in Burnaby shows condos going anywhere from six per cent under asking (a two-bedroom in SOLO Stratus in Brentwood that was only on the market for five days) to eight per cent over list (a two-bedroom in Metrotown’s Place Meridian after six days).
Sullivan Heights
Located just north of Lougheed Town Centre, this neighbourhood has lots of amenities, is near SFU, and has 21 active listings ranging in price from $185,000 to $514,500. Almost half of the area’s available condos are in Cameron, a new complex currently in its preconstruction phase.
No Cameron transactions were appearing on our list of recent sales where properties were going anywhere from three per cent over asking to, in the majority of cases, one per cent under.
Government Road
This community is also north of the highway and residents love its fast access to Vancouver’s downtown. Of the area’s seven active listings, two are in Sandlewood. Here you can choose between a two-bedroom for $408,888 that came on the market January 25 or another two-bed that’s been waiting since November for someone to take the owners up on their $419,900 asking price.
Two properties in the Concorde Place development recently changed hands. One of these one-bedrooms spent a week on the market before selling for $235,000 (two per cent less than list) while the other was snapped up the same day it was listed for $200,000 (five per cent under asking).
Burnaby condo market snapshot
