April 30th Sunshine Coast Real Estate Market Update

Sunshine Coast Detached Listings

Sales down 54% over the previous year

There are currently 287 detached listings on the Sunshine Coast. This is up from April 30th, 2022 when there were 183 detached listings. Detached sales year-to-date ending April 30th, 2023: 109 sales, in 2022: 236 sales, in 2021: 280 sales, in 2020: 113 sales, in 2019: 123 sales, in 2018: 156 sales; in 2017: 201 sales, and in 2016: 387 sales. 2023 market's hot price range was between $1,001,000 to $2,000,000 with 33 sales.

Sunshine Coast Attached Listings

Sales down 47% from last year

There are currently 68 attached listings. This is up from April 30th, 2022 when there were 41 attached listings. Attached sales this year-to-date ending April 30th, 2023: 39 sales, in 2022: 73 sales, in 2021: 104 sales, in 2020: 32 sales, in 2019: 51 sales; in 2018: 57 sales; in 2017: 74 sales and in 2016: 76 sales. Attached listings represent strata unit apartments, condos, and townhouses.

Sunshine Coast Land Listings

Sales down 79% over previous year

There are currently 91 bare land listings. This is down from up from April 30th, 2022 when there were 60 land listings. Land sales year-to-date ending April 30th, 2023: 16 sales, in 2022: 77 sales, in 2021: 97 sales, in 2020: 16 sales, in 2019: 26 sales; in 2018: 56 sales; in 2017: 67 sales and in 2016: 127 sales.

Year-to-Date Detached Sales

• $000 to $300,000 with 4 sales

• $301,000 to $400,000 with 1 sale

• $401,000 to $500,000 with 2 sales

• $501,000 to $600,000 with 3 sales

• $601,000 to $700,000 with 13 sales

• $701,000 to $ 800,000 with 15 sales

• $801,000 to $900,000 with 17 sales

• $901,000 to $1,000,000 with 12 sales

• $1,001,000 to $2,000,000 with 33 sales

• 9 sales over $2,001,000

Spring Market on the Way?

The market is still quiet here on the Sunshine Coast, but we are hearing many reports from the mainland that the market is buzzing. Typically, on the Sunshine Coast we are a bit behind what is happening on the mainland so when it starts to get busy there, we aren't too far off the same uptick.

We often get asked: "When is a good time to list my home?" and it is always a tricky one to answer as it is dependant on many factors…

When do you need to move by?

Are you going to be buying and selling at the same time, in the same market?

What is the reason for moving?

What kind of property are you selling?

In many cases, it really comes down to whenever a Seller is ready. If you are buying and selling in the same market, then what the market is doing isn't such a large factor. If you are selling an investment property, then yes, it may be a good idea to time your sale for a busy time in the market. If you have a very unique property, i.e. large acreage or multiple homes, then your demographic is smaller then the average single family home and the market may not have as much of an impact on the sale.

We are happy to answer any of your questions and give you an individual opinion on your personal circumstance. Just give us a call to set up an appointment.

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 MacKenzie 604.885.7810 or email: kenan@kenanmackenzie.com

Sarah MacKenzie 778-989-1841 or email: sarah@kenanmackenzie.com