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Westcoast Condominium
Burnaby condo sales slowed slightly in May compared with April – an easing of that frenzied buying anyone anywhere near a water cooler couldn’t help but talk about. Even with a four per cent dip between those two months, sales were nevertheless up more than 30 per cent over May 2015.
Across the entire city, our May sales report shows condos going for from 11 per cent under their list price to 30 per cent more. The latter was a two-bedroom in Brentwood Park’s Fitzgerald that was on the market 11 days before selling for $186,000 more than asking.
Edmonds
This Burnaby neighbourhood is prized for its easy access to rapid transit as well as its numerous parks. There are only a handful of active listings, ranging from $289,000 for a one-bedroom unit in Kingsgate Gardens that was listed in early April to a high of $588,000 for a two-bedroom in Reflections that came on the market June 1.
Recent sales were all over the map. A two-bedroom in Chateau Lyon sold for 11 per cent under its $244,900 asking price, while a two-bedroom in Park 360 was snapped up for 14 per cent over its list price of $450,000.
Sullivan Heights
The most affordable current listing in this Burnaby North neighbourhood is a one-bedroom in the Timberlea complex that’s been on the market since mid-March. It’s asking $184,900. At the other end of the scale is a two-bedroom in Silhouette that was also listed in mid-March. Its owners are asking $749,800.
Sales here indicate condos going well above and well below their sticker price. A one-bedroom in Silhouette was only two days on the market before being sold six per cent under its $419,000 price. Meanwhile, a two-bedroom in Strathmore Lane took only eight days to sell for 11 per cent more than its $399,900 list price.
For a full summary of the Burnaby condo market in May 2016, check out our infographic below.
Burnaby Condo Market - May 2016
