6878 SOUTHPOINT DRIVE, UNIT 5, BURNABY
LISTING PRICE $838,000
SELLING PRICE $921,000
PREVIOUS SELLING PRICE $565,000 (2009); $549,901 (2007)
DAYS ON MARKET 7
MAINTENANCE FEE $340
LISTING AGENT Alex Jopson, Sutton Group West Coast Realty
What They Got: This three-level corner unit in South Burnaby is steps from SkyTrain and parks.
It features a wrap-around patio, gourmet kitchen, hardwood floors, fireplace and three bedrooms upstairs.
The townhouse comes with two parking stalls.
The Action: The agent had more than 100 parties show up at the open house. Some wanted to upsize from a condo; others were downsizing from a house. "I was hoping to get multiple offers, but I didn't think it would go crazy," says listing agent Alex Jopson. "I thought we had it priced pretty sharp. There were two other listings in the complex, and one was for $725,000 for a two-bedroom, and the other was for a four-bedroom, close to $1-million. And they had been on the market a couple of weeks."
He got seven offers and says he would have received more, but that people were turned off by the competition.
The Agent's Take: Because there's so little inventory, the market for condos and townhouses is strong. Mr. Jopson says one-bedroom condos commonly sell for $100,000 over asking. The townhouse was priced right, and the location appealed to families and retirees. The sellers purchased a house in New Westminster. "New West is starting to get a reputation for being the Brooklyn of Vancouver," says Mr. Jopson.
Editor's Note: The original print and online versions of this story had the wrong sizes for the other listings in the complex. This version has been corrected.