According to MLS data, the Simon Fraser University area and specifically UniverCity of Burnaby North saw 5 properties change ownership in the month of December 2010.  Of these 5 sales 2 were registered to Nest by Mosiac, one of two new developments currently offered for pre-sale.  The average sale price of these 5 units is $298,110 however, that does not account for the HST paid by buyers on the two new development units. 

Presently in the UniverCity area there are only 28 properties listed for sale of which 6 are located in new developments.  This means that only 22 resale properties are listed which represents less 1.7% of all built units in the area.  This is one of the lowest levels of available units I have seen at SFU for some time.

Check out the graph below for a snap shot of how the area performed in 2010.