February 28th 2021: Market Update

March 6, 2021

 

Market Update for February 28, 2021

Sunshine Coast Detached Listings

Sales up by 72% over the previous year

There are currently 133 detached listings on the Sunshine Coast. This is up from January 31, 2021 when there were 131 detached listings. Detached sales year-to-date ending February 28, 2021: 91 sales, in 2020: 53 sales, in 2019: 56 sales, in 2018: 70 sales; in 2017: 76 sales, and in 2016: 124 sales. 2021 market’s hot price range was between $1,001,000 and $2,000,000 with 24 sales. With the current sales pace, this represents approximately a three month supply of listings.

Sunshine Coast Attached Listings

Sales up by 169% from last year

There are currently 48 attached listings. This is down from January 31, 2021 when there were 59 attached listings. Attached sales this year-to-date ending February 28, 2021: 43 sales, in 2020: 16 sales, in 2019: 20 sales; in 2018: 22 sales; in 2017: 38 sales and in 2016: 27 sales. With the current sales pace this represents a two month supply of listings. Attached listings represent strata unit apartments, condos and townhouses.

Sunshine Coast Land Listings

Sales up 233% over previous year

There are currently 125 bare land listings. This is down from January 31, 2021 when there were 132 land listings. Land sales year-to-date ending February 28, 2021: 40 sales, in 2020: 12 sales, in 2019: 19 sales; in 2018: 29 sales; in 2017: 29 sales, and in 2016: 40 sales. With the current sales pace this represents approximately six month supply of listings.

Year-to-Date Detached Sales

  • $000 to $300,000 with 5 sales
  • $301,000 to $400,000 with 3 sales
  • $401,000 to $500,000 with 2 sales
  • $501,000 to $600,000 with 7 sales
  • $601,000 to $700,000 with 17 sales
  • $701,000 to $ 800,000 with 14 sales
  • $801,000 to $900,000 with 8 sales
  • $901,000 to $1,000,000 with 7 sale
  • $1,001,000 10 $2,000,000 with 24 sales
  • 4 sales over $2,000,000

Time to Sell

There has never been a better time to sell, prices are at all time highs. If you are thinking of making a move now is the time. It seems every home that comes on the market is getting multiple offers and being bid up. I, in 27 years of selling Real Estate have never seen a market like this. This market is tipped in the Sellers favor.  Like all markets they do not last for ever, so before you lose money by delaying, now is the time to sell. An evaluation given two weeks ago is now out of date in this market, that is how fast prices are changing. For an up to date evaluation of your home or property call us for a free market evaluation.

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- 604.885.7810                       kenan@kenanmackenzie.com                                                              

Sarah- 778.989.1841                        sarah@kenanmackenzie.com