August 31st, 2021: Market Update

September 3, 2021

Market Update for August 31, 2021

 

Sunshine Coast Detached Listings
Sales up by 30% over the previous year

There are currently 157 detached listings on the Sunshine Coast. This is down from Aug 31, 2020 when there were 304 detached listings. Detached sales year-to-date ending August 31, 2021 562 sales, in 2020: 416 sales, in 2019: 326 sales, in 2018: 384 sales; in 2017: 500 sales, and in 2016: 771 sales. 2021 market’s hot price range is between $1,001,000 to $2,000,000 with 174 sales. With the current sales pace, this represents approximately a two month supply of listings.

Sunshine Coast Attached Listings
Sales up 48% from last year

There are currently 55 attached listings. This is down from Aug 31, 2020 when there were 129 attached listings. Attached sales this year-to-date ending August 31, 2021: 184 sales, in 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 two and a half month supply of listings. Attached listings represent strata unit apartments, condos and townhouses.

Sunshine Coast Land Listings
Sales up 50% over previous year

There are currently 110 bare land listings. This is the down from Aug 31, 2020 when there were 211 land listings. Land sales year-to-date ending August 31, 2021: 174 sales, in 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 five month supply of listings.

Year-to-Date Detached Sales
  • $000 to $300,000 with 19 sales
  • $301,000 to $400,000 with 6 sales
  • $401,000 to $500,000 with 8 sales
  • $501,000 to $600,000 with 31 sales
  • $601,000 to $700,000 with 70 sales
  • $701,000 to $ 800,000 with 90 sales
  • $801,000 to $900,000 with 77 sales
  • $901,000 to $1,000,000 with 133 sales
  • $1,001,000 to $2,000,000 with 174 sales
  • 31 sales over $2,001,000
Low Inventory Slowing the Market

With very little inventory on the market, paired with the beautiful summer weather, the market has been much more relaxed these last few months. I think after the crazy frenzy of last year/ this spring anything feels more relaxed though! Even with very few houses on the market there are still lots of Buyers looking for their perfect home, so now is a great time to list if you have been thinking about it.

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. 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 –
Kenan MacKenzie
604.885.7810 or email: kenan@kenanmackenzie.com
Sarah MacKenzie
778.989.1841 or email: sarah@kenanmackenzie.com