August 31st, 2020

September 11, 2020

Market Update for August 31, 2020

 

Sunshine Coast Detached Listings

Sales up by 28% over the previous year

There are currently 304 detached listings on the Sunshine Coast. This is down from July 31, 2020 when there were 336 detached listings. Detached sales year-to-date ending August 31, 2020: 416 sales, 2019: 326 sales, in 2018: 384 sales; in 2017: 500 sales, and in 2016: 771 sales. 2020 market’s hot price range is between $601,000 and $700,000 with 74 sales but over a million is a close second with 73 sales. With the current sales pace, this represents approximately a six month supply of listings.

Sunshine Coast Attached Listings

Sales down 5% from last year

There are currently 129 attached listings. This is down from July 31, 2020 when there were 135 attached listings. Attached sales this year-to-date ending August 31, 2020: 95 sales, in 2019: 100 sales; in 2018: 108 sales; in 2017: 170 sales and in 2016: 170 sales. With the current sales pace this represents a eleven month supply of listings. Attached listings represent strata unit apartments, condos and townhouses.

Sunshine Coast Land Listings

Sales up 43% over previous year

There are currently 211 bare land listings. This is the down from July 31, 2020 when there were 217 land listings. Land sales year-to-date ending August 31, 2020: 87 sales, in 2019: 61 sales; in 2018: 110 sales; in 2017: 140 sales and in 2016: 313 sales. With the current sales pace this represents approximately a nineteen month supply of listings.

Year-to-Date Detached Sales

  • $000 to $300,000 with 26 sales
  • $301,000 to $400,000 with 20 sales
  • $401,000 to $500,000 with 40 sales
  • $501,000 to $600,000 with 68 sales
  • $601,000 to $700,000 with 74 sales
  • $701,000 to $ 800,000 with 50 sales
  • $801,000 to $900,000 with 46 sales
  • $901,000 to $1,000,000 with 19 sales
  • 73 sales over a $1,001,000

Busy Time in the Housing Market

             This as been a whirlwind of a summer. The housing market on the Sunshine Coast has been moving faster than ever. Houses are sold before the listing photos are even finished! For Sellers this market is amazing- houses that have been sitting for years are now going under multiple offers, selling above or close to asking and in a lot of cases going subject free. On the Buyers end there can be a lot of frustration with houses being sold before they can even get there to take a look. In a lot of cases Buyers don’t have the ability to take a day or two to think about the house, they have to make a quick decision and hope it’s the right one. It’s a tricky market to navigate which is why having an agent is very beneficial, we can help to get you into view homes faster and give you the advice and support you need to make your decisions.

Sunshine Coast is still the best neighbourhood in the Lower Mainland and the best value, being 20 to 30 percent lower than comparable areas of the Lower Mainland markets. Why fight the traffic when you can relax aboard a scenic cruise while catching up on rest or work during the 40 minute commute.

Call us today with any additional questions, or for a free market evaluation –

Sarah MacKenzie

778.989.1841 or email: sarah@kenanmackenzie.com

Kenan MacKenzie

604.885.7810 or email: kenan@kenanmackenzie.com

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