The Simon Fraser University area, specifically UniverCity of Burnaby North real estate market has now officially registered its first sale of 2012.  A 3 bed, 2 bath, 2 level town home located in Serenity at 9229 University has sold for $438,000.  Although the sale was posted to MLS this past week, the actual sale date was January 12, 2012.

As of today there are now 43 active listings on the Mountain with 3 new listings during the past week.  Two of the new listings are pre-sale homes in Lift by Porte Development.  The average list price is $442,614 or $49.89 per sqft.  The most expensive home on the market is a gorgeous penthouse unit located in Altaire priced at $688,800 and the least expensive unit is a 423sqft studio located in Novo I priced at $239,000

I know first-hand that activity on the market is increasing.  I held an open house at 508 9339 University on Sunday January 22 and it was well attended, I am receiving regular calls for showing requests and have received a number of inquiries from Buyers looking to move into the area.  All great signs for real estate market at UniverCity.

On another note, I had the chance to speak with Hungerford Properties regarding their new development starting pre-sale sometime this spring.  Altitude should be a very exciting launch and Hungerford is planning to develop rather high end homes.  Look for more information in the coming days regarding Altitude. 

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