December 31st, 2021: Market Update

January 8, 2022

Market Update for December 31, 2021

 

Sunshine Coast Detached Listings
Sales up 4% over the previous year

There are currently 63 detached listings on the Sunshine Coast. This is down from December 31, 2020 when there were 119 detached listings. Detached sales year-to-date ending December 31, 2021: 799 sales, in 2020: 764 sales, in 2019: 490 sales, in 2018: 514 sales, in 2017: 725 sales; in 2016: 955 sales, and in 2015: 753 sales. 2021 market’s hot price range was over $1,001,000.00 to $2,000,000 with 260 sales. With the current sales pace, this represents just under a month supply of listings.

Sunshine Coast Attached Listings
Sales up 20% from last year

There are currently 35 current attached listings. This is down from December 31, 2020 when there were 66 attached listings. Attached sales this year-to-date ending December 31, 2021 255 sales, in 2020: 203 sales, in 2019: 137 sales, 2018: 139 sales; in 2017: 234 sales; in 2016: 232 sales and in 2015: 173 sales. With the current sales pace this represents a one and a half month supply of listings. Attached listings represent strata unit apartments, condos and townhouses.

Sunshine Coast Land Listings
Sales up 23% over previous year

There are currently 60 bare land listings. This is down from December 31, 2020 when there were 141 land listings. Land sales year-to-date ending December 31, 2021: 227 sales, in 2020: 175 sales, in 2019: 97 sales, 2018: 153 sales; in 2017: 199 sales; in 2016: 386 sales, and in 2015: 161 sales. With the current sales pace this represents approximately a three month supply of listings.

Year-to-Date Detached Sales
• $000 to $300,000 with 29 sales
• $301,000 to $400,000 with 11 sales
• $401,000 to $500,000 with 12 sales
• $501,000 to $600,000 with 39 sales
• $601,000 to $700,000 with 87 sales
• $701,000 to $ 800,000 with 112 sales
• $801,000 to $900,000 with 112 sales
• $901,000 to $1,000,000 with 84 sales
• $1,001,000 to $2,000,000 with 260 sales
• 53 sales over $2,001,000

Off to a strong start in 2022

First off, I would like to wish and a Happy New Year, and may the year ahead be filled with health and happiness for you and your family!

Currently we are in a strong Seller’s market and if you are thinking of selling there is probably no better time than now. I would not wait till spring when the daffodils are up, and your yard looks great because so does your neighbor’s. You will get the best price for your home when inventory is at its lowest. I think most people would be surprised to find out what their home is worth at the moment- call myself or Sarah for a Free assessment.

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 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