September 30th Market Update

Sunshine Coast Detached Listings

Sales down 33% over the previous year

There are currently 269 detached listings on the Sunshine Coast. This is up from September 30th, 2021 when there were 140 detached listings. Detached sales year-to-date ending September 30th, 2022: 425 sales, in 2021: 639 sales, in 2020: 573 sales, in 2019: 372 sales, in 2018: 421 sales; in 2017: 561 sales, and in 2016: 826 sales. The 2022 market's hot price range is between $1,001,000 to $2,000,000 with 170 sales. With the current sales pace, this represents approximately a six month supply of listings.

Sunshine Coast Attached Listings

Sales down 44% from last year

There are currently 54 attached listings. This is down from September 30th, 2021 when there were 61 attached listings. Attached sales this year-to-date ending September 30th, 2022: 113 sales, in 2021: 203 sales, in 2020: 140 sales, in 2019: 112 sales; in 2018: 116 sales; in 2017: 186 sales and in 2016: 190 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 down 49% over previous year

There are currently 80 bare land listings. This is down from September 30th, 2021 when there were 98 land listings. Land sales year-to-date ending September 30th, 2022: 97 sales, in 2021: 192 sales, in 2020: 116 sales, in 2019: 71 sales; in 2018: 128 sales; in 2017: 160 sales and in 2016: 335 sales. With the current sales pace this represents approximately a seven month supply of listings.

Year-to-Date Detached Sales

• $000 to $300,000 with 6 sales

• $301,000 to $400,000 with 7 sales

• $401,000 to $500,000 with 10 sales

• $501,000 to $600,000 with 13 sales

• $601,000 to $700,000 with 14 sales

• $701,000 to $ 800,000 with 45 sales

• $801,000 to $900,000 with 68 sales

• $901,000 to $1,000,000 with 52 sales

• $1,001,000 to $2,000,000 with 170

• 39 sales over a $2,001,000

A Tough Market to Navigate

With interest rates still on the rise, the market has kept very quiet. Buyers are stepping back to re-evaluate in the hope that interest rates will decline in the Spring and Sellers are struggling to wait out this market.

Open Houses are popping up more and more but are not attracting many Buyers, with often only one or two people coming through - if any. It's a tough market to navigate and agents are having to come up with new ideas and tactics to get properties sold.

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