Market Update September 30, 2019

Sunshine Coast Detached Listings
Sales down by 12% over the previous year

There are currently 378 detached listings on the Sunshine Coast. This is down from August 31, 2019 when there were 418 detached listings. Detached sales year-to-date ending September 30, 2019: 372 sales, in 2018: 421 sales; in 2017: 561 sales, and in 2016: 826 sales. 2019 market's hot price range is between $501,000 and $600,000 with 91 sales. With the current sales pace, this represents approximately a nine month supply of listings.

Sunshine Coast Attached Listings
Sales down 3% from last year

There are currently 117 attached listings. This is down from August 31, 2019 when there were 126 attached listings. Attached sales this year-to-date ending September 30, 2019: 112 sales; in 2018: 116 sales; in 2017: 186 sales and in 2016: 190 sales. With the current sales pace this represents a ten month supply of listings. Attached listings represent strata unit apartments, condos and townhouses.

Sunshine Coast Land Listings
Sales down 45% over previous year

There are currently 225 bare land listings. This is down from August 31, 2019 when there were 228 land listings. Land sales year-to-date ending September 30, 2019: 71 sales; in 2018: 128 sales; in 2017: 160 sales and in 2016: 335 sales. With the current sales pace this represents approximately a twenty-eight month supply of listings.

Year-to-Date Detached Sales
  • $000 to $300,000 with 30 sales
  • $301,000 to $400,000 with 17 sales
  • $401,000 to $500,000 with 36 sales
  • $501,000 to $600,000 with 91 sales
  • $601,000 to $700,000 with 65 sales
  • $701,000 to $ 800,000 with 40 sales
  • $801,000 to $900,000 with 28 sales
  • $901,000 to $1,000,000 with 16 sales
  • 49 sales over a $1,001,000

  Election Watch


I think buyers and sellers are watching the election and sitting on the sidelines. It is not unusual for the market to slow around election time and I think this election is having a bigger effect than others. We have the concern for the environment and the concern for the economy. The two big e’s for people. We hear people talking about recession and a doomsday scenario regarding climate if we do not change our ways. If you are like me, I keep listening for a candidate that tells me how we can protect our climate and our economy. So far I have not seen a clear light from anyone so we will have to wait and see.

Just to clarify, my statistics are on a year to date basis. I do not consider one month sales. It is year to date on how we are performing on the Sunshine Coast. For me, the statistic to watch is how much product we have for and sale and at the moment. We are trending down on detached listings which tells me if we get a bit of activity prices could pop up pretty easy.

The Sunshine Coast is still the best neighborhood 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 me today with any additional questions, or for a free market evaluation - 604.885.7810 or email: kenan@kenanmackenzie.com