Blog by Matt Kerr

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August 2010 SFU Condo and Townhouse Market Review

Sales are down 50% from last August. There have been only 10 condos and townhouses reported sold in August 2010. In contrast last Augusts recorded sales of 20 units sold may have been in part, due to higher inventory levels. Typically there are around 50 - 60 active listings on the market in any given month; however this summer there seems to be fewer new listings than expected.

The average sold price per square foot of condos and townhouses in August 2010 at Simon Fraser University was $442.33, and the average days on market was 69. Being that the total number of condos and townhouses sold during the same time period in North Burnaby was only 44, the 10 sales at SFU seems reasonable. The average sold price per square foot in all of North Burnaby was $376.06 and average days on market was 52.