Market Update February 2016

(March 11, 2016 )

Sunshine Coast Detached Listings
Sales up by 93 % over the previous year

There are currently 315 detached listings on the Sunshine Coast. This is down one listing from January in which there were 316 detached listings. Detached sales year-to-date ending February 29, 2016: 127 sales, in 2015: 66 sales; in 2014: 51 sales, and in 2013: 53 sales. The current market's hot price range is between $301,000 and $400,000 with 37 sales occurring in this price range. With the current sales pace, this represents a 5-month supply of listings.

Sunshine Coast Attached Listings
Sales up by 53 % over the previous year

There are currently 94 current attached listings. This is down slightly from January when there were 101 attached listings. Attached sales this year-to-date ending February 29, 2016: 30 sales; in 2015: 18 sales; in 2014: 15 sales and in 2013: 8 sales. With the current sales pace this represents a 8 month supply of listings. Attached listings represent strata unit apartments, condos and townhouses. Attached property sales are up over the previous years.

Sunshine Coast Land Listings
Sales up by 121 % over the previous year

There are currently 327 bare land listings. This is down slightly from January when there were 333 land listings. Land sales year-to-date ending February 29, 2016:  40 sales; in 2015: 18 sales; in 2014: 12 sales, and in 2013: 9 sales. With the current sales pace this represents a 19-month supply.

Year-to-Date Sales
  • $000 to $300,000 with 13 sales
  • $301,000 to $400,000 with 37 sales
  • $401,000 to $500,000 with 29 sales
  • $501,000 to $600,000 with 19 sales
  • $601,000 to $700,000 with 8 sales
  • $701,000 to $ 800,000 with 9 sales
  • $801,000 to $900,000 with 4 sales
  • $901,000 to $1,000,000 with 2 sales
  •  9 sales over a $1,001,000
We are in a Seller’s market, listings are in short supply and demand is high.I am hearing a constant theme in the office lost out on competing offers. You phone for appointments for anything below $500,000 to hear that it is under offer. Vancouver has found the Sunshine Coast. Properties that have sat on the market for years have sold, their patience was rewarded. In 21 years as a Realtor I have never seen this much activity. Short update, I have offers waiting.