November 30th 2021: Market Update

December 6, 2021

Market Update for November 30, 2021

Sunshine Coast Detached Listings

Sales up by 7% over the previous year

There are currently 102 detached listings on the Sunshine Coast. This is down from November 30, 2020 when there were 159 detached listings. Detached sales year-to-date ending November 30, 2021: 755 sales, in 2020: 706 sales, in 2019: 461 sales, in 2018: 499 sales; in 2017: 676 sales, and in 2016: 912 sales. November 2021 market’s hot price range is over $1,001,000 to $2,000,000 with 238 sales. With the current sales pace, this represents approximately a one-and-a-half-month supply of listings.

 

Sunshine Coast Attached Listings

Sales up 30% from last year

There are currently 36 attached listings. This is down from November 30, 2020 when there were 76 attached listings. Attached sales this year-to-date ending November 30, 2021: 243 sales, in 2020: 187 sales, in 2019: 131 sales; in 2018: 132 sales; in 2017: 223 sales and in 2016: 225 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 37% over previous year

There are currently 80 bare land listings. This is down from November 30, 2020 when there were 171 land listings. Land sales year-to-date ending November 30, 2021: 217 sales, in 2020: 158 sales, in 2019: 96 sales; in 2018: 148 sales; in 2017: 187 sales and in 2016: 37 sales. With the current sales pace this represents approximately a four 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 37 sales
  • $601,000 to $700,000 with 83 sales
  • $701,000 to $ 800,000 with 110 sales
  • $801,000 to $900,000 with 108 sales
  • $901,000 to $1,000,000 with 77 sales
  • $1,001,000 to 2,000,000 with 238 sales
  • 50 sales over $2,001,000

 Nothing to Sell

We are incredibly low on homes to sell right now. We thought that the inventory was low this time last year with only 159 homes on the market but now we have dropped even further to 102. It is a tough for Buyers right now with homes being snapped up nearly as soon as they are uploaded to the MLS. You have to be quick to make a move or you will miss out. For Sellers it’s a great time to be in the market, minimal showings and you have your home sold right away. The double-edged sword of a busy market, but as they always do the market will shift eventually and we may have the reverse problem.

Sarah and I would like to take this opportunity to wish you a safe Holiday Season and a very Merry Christmas & Happy New Year.

The Sunshine Coast is still the best neighborhood in the Lower Mainland and the best value. 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