Market Update February 28, 2018

Sunshine Coast Detached Listings
Sales down by 6% over the previous year

There are currently 216 detached listings on the Sunshine Coast. This is up from January 31, 2018 when there were 189 detached listings. Detached sales year-to-date ending February 28, 2018: 71 sales, in 2017: 76 sales; in 2016: 124 sales, and in 2015: 66 sales. The current market's hot price range is between $601,000 and $700,000 with 18 sales occurring in this price range. With the current sales pace, this represents approximately a six month supply of listings.

Sunshine Coast Attached Listings

Sales down by 42% from last year


There are currently 40 current attached listings. This is the same as January 31, 201 when there were 40 attached listings. Attached sales this year-to-date ending February 28, 2018: 22 sales; in 2017: 38 sales; in 2016: 27 sales and in 2015: 18 sales. With the current sales pace this represents an approximate three and a half month supply of listings. Attached listings represent strata unit apartments, condos and townhouses.

Sunshine Coast Land Listings
Sales the same as previous year

There are currently 166 bare land listings. This is down from January 31, 2018 when there were 165 land listings. Land sales year-to-date ending February 28, 2018: 29 sales; in 2017: 29 sales; in 2016: 40 sales, and in 2015:18 sales. With the current sales pace this represents approximately an 11 month supply of listings.

 Year-to-Date Detached Sales

  • 0- $300,000 with 1 sales
  • $301,000 to $400,000 with 3 sales
  • $401,000 to $500,000 with 12 sales
  • $501,000 to $600,000 with 11 sales
  • $601,000 to $700,000 with 18 sales
  • $701,000 to $ 800,000 with 7 sales
  • $801,000 to $900,000 with 6 sales
  • $901,000 to $1,000,000 with 4 sales
  • 9 sales over a $1,001,000

Coast Family Home Price Still Lower Than Other Areas


The new hot price range is $601,000 to $700,000, which now seems to be the price of our family homes. For us on the coast, this may seem high, but when I look around at comparable neighborhoods in the Lower Mainland we are still 20 to 30% lower. Short of a collapse in the economy, our prices still have some catch up.

The latest news from the provincial government has us waiting to see the effects. They have increased the foreign buyer’s tax and created a speculation tax for the Vancouver market and other areas of the province. It will be interesting to see how this impacts us. Will we become the next area of speculation given that we are on the door step of Vancouver?

 Sunshine Coast is still the best neighborhood in the Lower Mainland and the best value at any time of year.Call me today with any additional questions, or for a free market evaluation - 604.885.7810 or email: kenan@kenanmackenzie.com