Market Update for the Month of August

(September 07, 2014 )


Sunshine Coast Detached listings

There are currently 719 current detached listings on the Sunshine Coast this is down over 2013 in the same period we had 733 detached listings. Detached sales ending August 31 there are 366, in 2013 there were 325 sales, in 2012 there were 344 and in 2011 there were 329 sales. The current market’s hot price range is below $400,000, with more than half the sales occurring in this price range. With the current pace of sales this represents an 16 month supply of listings.

Sunshine Coast Attached Listing

There are 197 current attached listings this is up over 2013 in the same period we had 169 attached listings. Attached sales ending August 31 there were 77, in 2013 there were 62 sales, in 2012 there were 62 salesand in 2011 there were 74 sales. With the current pace of sales this represents a 20 month supply of listings .Attached listing represents strata unit apartments, condos and townhouses. Attached sales are down slightly over the previous year

Sunshine Coast Land listing

There are 469 bare land listing this is up slightly from 2013 when we had 463 listings. Land sales ending August 31 there were 36 sales, in 2013 there were 39 sales, in 2012 there were 42 sales and in 2011 there were 58 sales. With the current pace of sales this represents a 104 month supply.

August sales the highest over the last 4 years

Year to August 31, 2014 sales by price range

• $000 to $300,000 with 90 sales
• $301,000 to $400,000 with 126 sales
• $401,000 to $500,000 with 55 sales
• $501,000 to $600,000 with 42 sales
• $601,000 to $700,000 with 18 sales
• $701,000 to $ 800,000 with 16 sales
• $801,000 to $900,000 with 4 sales
• $901,000 to $1,000,000 with 5 sales
• 11 sales over a $1,001,000 this year

Every Realtor has been in the living room when a Seller says I need this much money because I need? I think the best answer was given by a Realtor who once coined the phrase “that wants, needs and desires do not dictate market value of your home” It is not easy to think what you could had a few years back but this is now and the decision is wait for a few years for the market to rebound or accept todays reality.

In our last few market cycles the market value has never failed to double in the up market. In 1987 you could buy a lot for $8,000 in Gibsons, 1993 the lots were $60,000. In 2000 you could buy a 1800 sq ft home for $131,000 in the Gibsons area today it would have a value of $320,000. A word for the Buyer’s sitting on the fence, act today or pay the price of tomorrow.

– Kenan