June 30th 2021: Market Update

July 9, 2021

Market Update for June 30, 2021

Sunshine Coast Detached Listings

Sales up 104% over the previous year

There are currently 193 detached listings on the Sunshine Coast. This is down from May 31, 2021 when there were 195 detached listings. Detached sales year-to-date ending June 30, 2021: 434 sales, in 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 $1,001,000 to $2,000,000 with 134 sales occurring in this price range. With the current sales pace, this represents approximately a three month supply of listings.

Sunshine Coast Attached Listings

Sales up 215% from last year

There are currently 52 current attached listings. This is down from May 31, 2021 when there were 53 attached listings. Attached sales this year-to-date ending June 30, 2021: 151 sales, in 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 roughly a two month supply of listings. Attached listings represent strata unit apartments, condos and townhouses.

Sunshine Coast Land Listings

Sales up 265% over previous year

There are currently 116 bare land listings. This is down from May 31, 2021 when there were 121 land listings. Land sales year-to-date ending June 30, 2021: 146 sales, in 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 a five month supply of listings.

Year-to-Date Detached Sales

$000 to $300,000 with 13 sales
$301,000 to $400,000 with 6 sales
$401,000 to $500,000 with 7 sales
$501,000 to $600,000 with 22 sales
$601,000 to $700,000 with 58 sales
$701,000 to $800,000 with 71 sales
$801,000 to $900,000 with 58 sales
$901,000 to $1,000,000 with 41 sales
$1,001,000 to $2,000,000 with 134 sales
24 sales over $2,001,000

This last month we have seen a definite slow in the market. Things are still moving along well but not flying off the shelves like they were a few months ago. Buyers are able to get into homes without having to forgo inspections or offer way above asking, which has been a welcome change for all of them! We are still low on inventory so if you are thinking of selling now is a good time to do it.

On another note- the food bank drive is on now and we are nearing the goal of $100,000 but still hovering around $80,000. If anyone can/ is able to, please donate to the food bank drive- it helps to feed people all over the Sunshine Coast by distributing funds throughout our local food banks. Click the link below to donate.

https://coastwidefoodbankdrive.ca/

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