Market Update September 30, 2015

(October 02, 2015 )

Sales are up and listings are down

Sunshine Coast Detached Listings

There are currently 512 detached listings on the Sunshine Coast. This is way down from last month in which there were 544 detached listings. Detached sales year-to-date ending September 30, 2015: 539 sales, in 2014: 459 sales, in 2013: 378 sales, and in 2012: 403 sales. The current market's hot price range is between $301,000 and $400,000 with 165 sales occurring in this price range. With the current sales pace, this represents an 8 month supply of listings.

Sunshine Coast Attached Listings

There are currently 144 current attached listings. This is down from August when there were 148 attached listings. Attached sales this year-to-date ending September 30, 2015: 121 sales, in 2014: 89 sales, in 2013: 70 sales and in 2012: 78 sales. With the current sales pace this represents a 9 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

There are currently 433 bare land listings. Land sales year-to-date ending September 30, 2015: 107 sales, in 2014: 51 sales, in 2013: 46 sales, and in 2012: 54 sales. With the current sales pace this represents a 36 month supply.

Year-to-Date Sales
  • $000 to $300,000 with 105 sales
  • $301,000 to $400,000 with 165 sales
  • $401,000 to $500,000 with 109 sales
  • $501,000 to $600,000 with 63 sales
  • $601,000 to $700,000 with 32 sales
  • $701,000 to $ 800,000 with 18 sales
  • $801,000 to $900,000 with 16 sales
  • $901,000 to $1,000,000 with 3 sales
  • 28 sales over a $1,001,000
One of the questions I get asked as a Realtor is when is the best time of year to sell? My experience has been the spring and fall markets have been the best time to sell. So I thought let’s see when the best time in the last 12 months.

Looking at all residential property classes, so all sales detached, attached and land. September 2014: 78 sales, October 2014: 175 sales, November 2014: 64 sales, December 2014: 43 sales, January 2015: 55 sales, February 2015: 59 sales, March 2015: 95 sales, April 2015: 101 sales, May 2015: 115 sales, June 2015: 125 sales, July 2015: 90 sales, August 2015: 84 sales and September 2015: 43 sales. We can see the sales ramp up thru March to June and then October of last year was a huge month.

The announcement of a feasibility study for a fixed link to the Sunshine Coast by the province is positive news for the Sunshine Coast with the results of the study coming out 2016. This is not surprising that the Province would be looking at the coast; we have an abundance of industrial land with deep water moorage. The lower mainland’s industrial base is being reduced by residential development and we would be a natural expansion of the Vancouver Port.

The Sunshine Coast is still the best neighborhood in the Lower Mainland and the best value.