June 30th, 2020

July 10, 2020

Market Update for June 30, 2020

 

Sunshine Coast Detached Listings

Sales down by 7% over the previous year

There are currently 329 detached listings on the Sunshine Coast. This is up from May 31, 2020 when there were 307 detached listings. Detached sales year-to-date ending June 30, 2020:  221 sales, in 2019: 237 sales, in 2018: 276 sales, in 2017: 370 sales; in 2016: 623 sales, and in 2015: 345 sales. The current market‘s hot price range is between $501,000 and $600,000 with 57 sales occurring in this price range. With the current sales pace, this represents approximately a nine month supply of listings.

Sunshine Coast Attached Listings

Sales down by 39% from last year

There are currently 123 current attached listings. This is slightly up from May 31, 2020 when there were 113 attached listings. Attached sales this year-to-date ending June 30, 2020: 48 sales, in 2019: 79 sales, in 2018: 92 sales; in 2017: 123 sales; in 2016: 131 sales and in 2015: 87 sales. With the current sales pace this represents just over a year’s supply of listings. Attached listings represent strata unit apartments, condos and townhouses.

Sunshine Coast Land Listings

Sales down 15% over previous year

There are currently 217 bare land listings. This is down from May 31, 2020 when there were 222 land listings. Land sales year-to-date ending June 30, 2020: 40 sales, in 2019: 47 sales, 2018: 91 sales; in 2017: 104 sales; in 2016: 244 sales, and in 2015: 75 sales. With the current sales pace this represents approximately an two and half year supply of listings.

Year-to-Date Detached Sales

  • $000 to $300,000 with 14 sales
  • $301,000 to $400,000 with 11 sales
  • $401,000 to $500,000 with 32 sales
  • $501,000 to $600,000 with 46 sales
  • $601,000 to $700,000 with 36 sales
  • $701,000 to $800,000 with 24 sales
  • $801,000 to $900,000 with 21 sales
  • $901,000 to $1,000,000 with 2 sales
  • 35 sales over a $1,001,000

 

June started slow but finished quite busy with many situations of multiple offers. I think most Sunshine Coast Realtors will agree that June started slow but finished with gusto. We will have to see if the momentum continues into July. Typically, the summer months are quiet with people on holidays, but I have a feeling that this may not be the case this year. It is hard for some Sellers now in some areas of our market with an increase in inventory, Buyers are having more of a selection. Some other areas of the market we are seeing homes that have sat for the last 2 years selling. The market over a million has been incredibly active.  

            I am still concerned about the long-term outlook for our economy but at the moment it is a great time to sell with this strong market

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 or email: kenan@kenanmackenzie.com  

Sarah – 778.989.1841 or email: sarah@kenanmackenzie.com

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