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Burnaby saw a slight increase (2.8 per cent) in condo sales in September compared to August with 221 homes trading owners. It’s an even healthier picture when you compare last month’s sales with September 2014. When you look at it that way, sales were almost 42 per cent higher.
For those searching for a condo in Burnaby, there were 238 new listings to check out in September, slightly less than the 242 new listings that came onto the market in August.
Of the 647 active listings at the time of writing, the median price was $399,000. You can call Burnaby home for as little as $140,000 (a one-bedroom, 40-year-old home in Edmonds) or as much as $1,875,000 (a three-bedroom, 23-year-old suite on the South Slope).
Brentwood Park
With a median listing price of $439,900, Brentwood Park has some of Burnaby’s higher priced condos. The community’s least expensive listing, which entered the market in late September, is a two-bedroom suite in a 37-year-old building for $238,000. The most expensive of the area’s 83 listings is a three-bedroom in a nine-year-old complex for $869,000. One of the neighbourhood’s newest towers is the move-in-ready Aviara. Brand-new two-bedroom condos are on the market here from $398,800 to $658,800.
All Burnaby condo sales between September 19 and October 2 went for under asking including the four homes trading hands in Brentwood Park. The owners there settled for anywhere from one to five per cent off list price.
Simon Fraser University
SFU’s condo community is made up primarily of younger buildings as mass development did not get underway there until the past decade. Of the 45 active listings, with a median price of $397,450, 84 per cent are less than 11 years old. The least expensive option is also the smallest: $249,900 for a 390-square-foot, one-bedroom in Highland House. If your budget is bigger, the most expensive condo on Burnaby Mountain is a three-bedroom, 1,363-square-foot home for $599,000.
Two condos in the SFU neighbourhood were reported as sold between September 19 and October 2. The owner of a studio accepted an offer six per cent below the $229,000 asking price after three weeks on the market, while a two-bedroom home went for 15 per cent less than its $499,000 sticker price six weeks after listing.
NS-OCT-Burnaby
