July 31st 2021: Market Update

August 10, 2021

Market Update for July 31, 2021

Sunshine Coast Detached Listings

Sales up by 56% over the previous year

There are currently 181 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 July 31, 2021: 507 sales, in 2020: 324 sales, 2019: 277 sales, in 2018: 330 sales, in 2017: 436 sales, and in 2016: 700 sales. 2021’s hot price range is between $1,001,000 to $2,000,000 with 153. With the current sales pace, this represents approximately a two and a half month supply of listings.

Sunshine Coast Attached Listings

Sales up 145% from last year

There are currently 64 attached listings. This is up from July 31, 2020 when there were 135 attached listings. Attached sales this year-to-date ending July 31, 2021: 164 sales, in 2020: 67 sales, 2019: 89 sales, in 2018: 100 sales, in 2017: 141 sales and in 2016: 151 sales. With the current sales pace this represents a four month supply of listings. Attached listings represent strata unit apartments, condos and townhouses.

Sunshine Coast Land Listings

Sales up 137% over previous year

There are currently 117 bare land listings. This is down from up from July 31, 2020 when there were 217 land listings. Land sales year-to-date ending July 31, 2021: 159 sales, in 2020: 67 sales, 2019: 53 sales, in 2018: 104 sales, in 2017: 122 sales and in 2016: 285 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 16 sales
  • $301,000 to $400,000 with 6 sales
  • $401,000 to $500,000 with 8 sales
  • $501,000 to $600,000 with 29 sales
  • $601,000 to $700,000 with 64 sales
  • $701,000 to $ 800,000 with 81 sales
  • $801,000 to $900,000 with 70 sales
  • $901,000 to $1,000,000 with 52 sales
  • $1,001,000 to $2,000,000 with 153
  • 28 sales over $2,001,000

 

54 Sales over a million year to date, almost the hot price range

With amazing weather and Covid rules relaxing it means summer time fun! It seems that everyone has been taking full advantage this summer after having to stay close to home for so long. How does that affect the Market? It has still been moving along but not at quite the same pace that it was last month- with everyone taking some much-needed family time. It’s very hard to say where the Market is going to go from here, with so many variables and the Market being predictably unpredictable over the last year. Inventory is still low, and homes are still going for above asking so if you are thinking of selling it’s a good time to get your home on the market and make your move.

The 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  604.885.7810 or email: kenan@kenanmackenzie.com

Sarah 778.989.1841 or email: sarah@kenanmackenzie.com