According to MLS data, the Simon Fraser University area, specifically UniverCity of Burnaby North has seen a decent increase in activity. From personal experience I can say that my phone in the past two weeks has been ringing more with buyers calling to inquire about available listings. I held an open house on January 15 at 1 9298 University and it was well attended. Looks like buyers are starting to shed the holiday hang-over and are looking to take advantage of a more balanced market.
With 7 new listings coming to market just this past week, looks Sellers are getting back to business as well. Currently there are 35 active listings in the SFU area with an average price of $408,933.
Since the middle of the last year, Burnaby in general has remained relatively flat with respect to the average sale price according the Home Price Index.
Look for activity to continue as we head into the spring months.
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