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Real Estate Board's Sunshine Coast Market Stats for September 2019
The latest stats come out every month for the previous month's data. The September 2019 Market stats are out and available for download. You get the following graphs and charts for the Sunshine Coast.
- Activity Snapshot by Property Type
- Detached Properties Report and Graph
- Condo Report and Graph
- Townhomes Report and Graph
- Benchmark Price Graph
- Average Price Per Square Foot
If you are interested in a report like this for other areas, please contact me to request it and I’ll send it to you.
Increased demand helps housing market reach balanced territory
Home buyer demand has returned to more historically typical levels in Metro Vancouver* over the last three months.
The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 2,333 in September 2019, a 46.3 per cent increase from the 1,595 sales recorded in September 2018, and a 4.6 per cent increase from the 2,231 homes sold in August 2019.
Last month’s sales were 1.7 per cent below the 10-year September sales average.
“We’re seeing more balanced housing market conditions over the last three months compared to what we saw at this time last year,” Ashley Smith, REBGV president said. “Home buyers are more willing to make offers today, particularly in the townhome and apartment markets.”
There were 4,866 detached, attached and apartment properties newly listed for sale on the Multiple Listing Service® (MLS®) in Metro Vancouver in September 2019. This represents a 7.8 per cent decrease compared to the 5,279 homes listed in September 2018 and a 29.9 per cent increase compared to August 2019 when 3,747 homes were listed.
The total number of homes currently listed for sale on the MLS® system in Metro Vancouver is 13,439, a 2.7 per cent increase compared to September 2018 (13,084) and a 0.3 per cent increase compared to August 2019 (13,396).
For all property types, the sales-to-active listings ratio for September 2019 is 17.4 per cent. By property type, the ratio is 12.7 per cent for detached homes, 18.9 per cent for townhomes, and 21.9 per cent for apartments.
Generally, analysts say that downward pressure on home prices occurs when the ratio dips below 12 per cent for a sustained period, while home prices often experience upward pressure when it surpasses 20 per cent over several months.
“This is a more comfortable market for people on both sides of a real estate transaction,” said Smith. “Home sale and listing activity were both at typical levels for our region in September.”
The MLS® Home Price Index composite benchmark price for all residential homes in Metro Vancouver is currently $990,600. This represents a 7.3 per cent decrease over September 2018 and a 0.3 per cent decrease compared to August 2019.
Sales of detached homes in September 2019 reached 745, a 46.7 per cent increase from the 508 detached sales recorded in September 2018. The benchmark price for a detached home is $1,406,200. This represents an 8.6 per cent decrease from September 2018 and is virtually unchanged compared to August 2019.
Sales of apartment homes reached 1,166 in September 2019, a 43.6 per cent increase compared to the 812 sales in September 2018. The benchmark price of an apartment property is $651,500. This represents a 6.5 per cent decrease from September 2018 and a 0.4 per cent decrease compared to August 2019.
Attached home sales in September 2019 totalled 422, a 53.5 per cent increase compared to the 275 sales in September 2018. The benchmark price of an attached home is $767,500. This represents a 7.2 per cent decrease from September 2018 and a 0.6 per cent decrease compared to August 2019.
New property listed in Sechelt District, Sunshine Coast
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Sechelt District, Sunshine Coast Real Estate
I have listed a new property at 101 5665 TEREDO ST in Sechelt.
THE #1 Prime commercial space in downtown Sechelt. 2120 square feet of corner highway frontage in the finest strata building on the Sunshine Coast, The Watermark. This is the crown jewel of the 7 commercial Watermark units, located street-level in the heart of Sechelt's steadily growing downtown. The brand new space has 3 separate entrances and could be subdivided. Located next to a busy medical office and across from Sunshine Coast Credit Union, it is the closest unit to 40 underground commercial parking spaces, so customers are just steps away. Dimensions approximately 67' deep by 32' wide, concrete construction. Call for an info package today.
New property listed in Sechelt District, Sunshine Coast
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Sechelt District, Sunshine Coast Real Estate
I have listed a new property at 101 5665 TEREDO ST in Sechelt.
Corner downtown unit at inlet Ave and Teredo St in the Watermark building, offers the best in highway frontage and high exposure. Surrounded by windows and with 3 entrances, and option to demise into 2 separate lease-able spaces to suit. Zoning is CD-30 allowing for retail, restaurant, service offices, specialty commercial and more. This is the closest unit to the 40 commercial underground parking spaces so customers are steps from the door. Landlord is open to contributing to tenant improvements for the right tenant. Dimensions approx. 67' x 32', total of 2120 sq ft. Next door is a high traffic ophthalmologist office and busy Sunshine Coast Credit Union is directly across the street.
I have sold a property at 102 5711 MERMAID ST in Sechelt
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Sechelt District, Sunshine Coast Real Estate
I have sold a property at 102 5711 MERMAID ST in Sechelt.
2200 square foot commercial space for sale. Currently operating as Dolphin Fitness & Physiotherapy. Ideal location in the heart of Sechelt. Located on the ground floor with front and rear access. 6 dedicated parking spaces as well as lots of street parking. Ideal for a wide range of office and retail uses. Building and improvements in excellent condition.
Real Estate Board's Sunshine Coast Market Stats for August 2019
The latest stats come out every month for the previous month's data. The August 2019 Market stats are out and available for download. You get the following graphs and charts for the Sunshine Coast.
- Activity Snapshot by Property Type
- Detached Properties Report and Graph
- Condo Report and Graph
- Townhomes Report and Graph
- Benchmark Price Graph
- Average Price Per Square Foot
If you are interested in a report like this for other areas, please contact me to request it and I’ll send it to you.
Metro Vancouver housing market sees summer uptick in sales
Home buyer activity increased to more typical levels in Metro Vancouver throughout the summer months.
The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 2,231 in August 2019, a 15.7 per cent increase from the 1,929 sales recorded in August 2018, and a 12.7 per cent decrease from the 2,557 homes sold in July 2019.
Last month’s sales were 9.2 per cent below the 10-year August sales average.
“Home sales returned to more historically normal levels in July and August compared to what we saw in the first six months of the year,” said REBGV President Ashley Smith.
There were 3,747 detached, attached and apartment properties newly listed for sale on the Multiple Listing Service® (MLS®) in Metro Vancouver in August 2019. This represents a 3.5 per cent decrease compared to the 3,881 homes listed in August 2018 and an 18.8 per cent decrease compared to July 2019 when 4,613 homes were listed.
The total number of homes currently listed for sale on the MLS® system in Metro Vancouver is 13,396, a 13.3 per cent increase compared to August 2018 (11,824) and a 5.9 per cent decrease compared to July 2019 (14,240).
For all property types, the sales-to-active listings ratio for August 2019 is 16.7 per cent. By property type, the ratio is 12 per cent for detached homes, 18.4 per cent for townhomes, and 21.2 per cent for apartments.
Generally, analysts say downward pressure on home prices occurs when the ratio dips below 12 per cent for a sustained period, while home prices often experience upward pressure when it surpasses 20 per cent over several months.
“With more demand from home buyers, the supply of homes listed for sale isn’t accumulating like earlier in the year. These changes are creating more balanced market conditions,” Smith said.
The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver is currently $993,300. This represents an 8.3 per cent decrease over August 2018 and a 0.2 per cent decrease compared to July 2019.
Sales of detached homes in August 2019 reached 706, a 24.5 per cent increase from the 567 detached sales recorded in August 2018. The benchmark price for detached homes is $1,406,700. This represents a 9.8 per cent decrease from August 2018 and a 0.7 per cent decrease compared to July 2019.
Sales of apartment homes reached 1,116 in August 2019, an 8.9 per cent increase compared to the 1,025 sales in August 2018. The benchmark price of an apartment property is $654,000. This represents a 7.4 per cent decrease from August 2018 and a 0.1 per cent increase compared to July 2019.
Attached home sales in August 2019 totalled 409, a 21.4 per cent increase compared to the 337 sales in August 2018. The benchmark price of an attached unit is $771,000. This represents a 7.8 per cent decrease from August 2018, a 0.2 per cent increase compared to July 2019.
New property listed in Gibsons & Area, Sunshine Coast
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Gibsons & Area, Sunshine Coast Real Estate
I have listed a new property at 4 728 GIBSONS WAY in Gibsons.
Lovely and bright 2 or 3 bedroom & 2 1/2 bath end unit townhome with ocean and island views. This unit is unique with its additional second level entrance offering easy access to the main level right at your driveway. Both upstairs bedrooms have beautiful ocean and island views, and the master has its own balcony to enjoy it all from. Tastefully designed, open floor plan with granite counter-tops, gorgeous hardwood maple floors, and slate flooring in the kitchen and baths compliment this spacious unit. Zoned for live/work or use the lower level for a third bedroom and additional living space. Located in Islandview Lanes in the centre of Gibsons, close to everything this wonderful seaside community has to offer.
I have sold a property at 104 414 GOWER POINT RD in Gibsons
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Gibsons & Area, Sunshine Coast Real Estate
I have sold a property at 104 414 GOWER POINT RD in Gibsons.
Outstanding Value! Fantastic location in the heart of Lower Gibsons. Walk to shops,r restaurants, sea walk, beaches, Gigsons Public Market, & Marina. Whether investor, first time Buyer, Down-sizer or Family, this available & freshly renovated 2 bed, 2 bath, spacious, level entry, private suite at The Landing is a MUST SEE! Open concept living, dining area with beautiful hardwood floors, light & air space with access to 13'x6' covered deck for year round enjoyment. Good size laundry area. Ample storage locker with shelving and one car garage. 5 minutes to ferry. Rentals allowed (no short term) & Pets too! (1 dog, 1 1 dog & 1 cat, or 2 cats).
Real Estate Board's Sunshine Coast Market Stats for July 2019
The latest stats come out every month for the previous month's data. The July 2019 Market stats are out and available for download. You get the following graphs and charts for the Sunshine Coast.
- Activity Snapshot by Property Type
- Detached Properties Report and Graph
- Condo Report and Graph
- Townhomes Report and Graph
- Benchmark Price Graph
- Average Price Per Square Foot
If you are interested in a report like this for other areas, please contact me to request it and I’ll send it to you.
Home sales increase in July
Home buyer demand picked up across Metro Vancouver last month, making July, a traditionally quieter month in real estate, the second highest selling month so far this year.
The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 2,557 in July 2019, a 23.5 per cent increase from the 2,070 sales recorded in July 2018, and a 23.1 per cent increase from the 2,077 homes sold in June 2019.
Last month’s sales were 7.8 per cent below the 10-year July sales average.
“While home sale activity remains below long-term averages, we saw an increase in sales in July compared to the less active spring we experienced,” Ashley Smith, REBGV president said. “Those looking to buy today continue to benefit from low interest rates, increased selection, and reduced prices compared to the heated market a few years ago.”
There were 4,613 detached, attached and apartment properties newly listed for sale on the Multiple Listing Service® (MLS®) in Metro Vancouver in July 2019. This represents a 3.3 per cent decrease compared to the 4,770 homes listed in July 2018 and a 2.9 per cent decrease compared to June 2019 when 4,751 homes were listed.
The total number of homes currently listed for sale on the MLS® system in Metro Vancouver is 14,240, a 17.3 per cent increase compared to July 2018 (12,137) and a 4.9 per cent decrease compared to June 2019 (14,968).
For all property types, the sales-to-active listings ratio for July 2019 is 18 per cent. By property type, the ratio is 13.5 per cent for detached homes, 20 per cent for townhomes, and 22 per cent for apartments.
Generally, analysts say downward pressure on home prices occurs when the ratio dips below 12 per cent for a sustained period, while home prices often experience upward pressure when it surpasses 20 per cent over several months.
“To better understand conditions in your property type or neighbourhood of choice, it’s important to work with your local REALTOR®. They can help you develop a strategy to reach your long-term real estate goals,” Smith said.
The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver is currently $995,200. This represents a 9.4 per cent decrease over July 2018 and a 0.3 per cent decrease compared to June 2019.
Sales of detached homes in July 2019 reached 841, a 32 per cent increase from the 637 detached sales recorded in July 2018. The benchmark price for detached properties is $1,417,000. This represents a 10.5 per cent decrease from July 2018, and a 0.5 per cent decrease compared to June 2019.
Sales of apartment homes reached 1,243 in July 2019, a 15.2 per cent increase compared to the 1,079 sales in July 2018. The benchmark price of an apartment property is $653,200. This represents an 8.8 per cent decrease from July 2018, and a 0.2 per cent decrease compared to June 2019.
Attached home sales in July 2019 totalled 473, a 33.6 per cent increase compared to the 354 sales in July 2018. The benchmark price of an attached unit is $770,000. This represents a nine per cent decrease from July 2018, and a 0.6 per cent decrease compared to June 2019.
New property listed in Sechelt District, Sunshine Coast
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Sechelt District, Sunshine Coast Real Estate
I have listed a new property at 5964 BEACHGATE LANE in Sechelt.
This 3 bedroom townhome in the beautiful Edgewater waterfront development is just minutes to downtown Sechelt. Features include spacious over-height ceilings, a gourmet kitchen, electric fireplace, patio, balcony and vaulted ceilings in the master bedroom, where you can also enjoy west-facing ocean and mountain views. This seaside development has a sandy beach and waterfront walking path that are steps from your door. Enjoy beautiful sunsets, swim, launch your kayak or paddleboard and live a fabulous west coast lifestyle.
I have sold a property at 4846 BLUEGROUSE DR in Sechelt
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Sechelt District, Sunshine Coast Real Estate
I have sold a property at 4846 BLUEGROUSE DR in Sechelt.
Spectacular southwest ocean vistas from all three levels of this bright 3 bed/3 full bath split level home with west-facing sundeck in beautiful Davis Bay. Solidly constructed by reputable builder PDM. Big backyard with fruit trees, ocean views, plenty of room to play and the walk out deck is great for indoor/outdoor entertaining. Natural gas heat for economical and cozy winter warmth. Two car attached garage/workshop, and there is plenty of additional space for parking on the side of the house for an RV or your boats. Enjoy strolling the Davis Bay seawall with its shops, restaurants and one of the best beaches on the Sunshine Coast.
New property listed in Sechelt District, Sunshine Coast
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Sechelt District, Sunshine Coast Real Estate
I have listed a new property at 6930 MOUNT RICHARDSON RD in Sechelt.
Magnificent Sechelt Inlet views (north and south!) with plenty of deck & balcony space from which to enjoy them. 3 beds I 3 baths renovated home on a level lot at the top of the Sandy Hook area, perhaps the sunniest location in the area. Propane fireplace and stove. Suite potential. Extensive solar cell array on roof to minimize your Hydro bill. Close to beach accesses, a boat launch, the hiking trails of Hidden Grove and the Heritage Forest, and the Tillicum Bay Marina. Located only 10 minutes north of Sechelt village.
Real Estate Board's Sunshine Coast Market Stats for June 2019
The latest stats come out every month for the previous month's data. The June 2019 Market stats are out and available for download. You get the following graphs and charts for the Sunshine Coast.
- Activity Snapshot by Property Type
- Detached Properties Report and Graph
- Condo Report and Graph
- Townhomes Report and Graph
- Benchmark Price Graph
- Average Price Per Square Foot
If you are interested in a report like this for other areas, please contact me to request it and I’ll send it to you.
Housing supply up, home sales and prices down in June
With home buyer demand below long-term historical averages in June, the supply of homes for sale continued to accumulate in Metro Vancouver.
The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 2,077 in June 2019, a 14.4 per cent decrease from the 2,425 sales recorded in June 2018 and a 21.3 per cent decrease from the 2,638 homes sold in May 2019.
Last month’s sales were 34.7 per cent below the 10-year June sales average. This is the lowest total for the month since 2000.
“We’re continuing to see an expectation gap between home buyers and sellers in Metro Vancouver,” said Ashley Smith, REBGV president. “Sellers are often trying to get yesterday’s values for their homes while buyers are taking a cautious, wait-and-see approach.”
On the supply side, there were 4,751 detached, attached and apartment properties newly listed for sale on the Multiple Listing Service® (MLS®) in Metro Vancouver in June 2019. This represents a 10 per cent decrease compared to the 5,279 homes listed in June 2018 and an 18.9 per cent decrease compared to May 2019 when 5,861 homes were listed.
The total number of homes currently listed for sale on the MLS® system in Metro Vancouver is 14,968, a 25.3 per cent increase compared to June 2018 (11,947) and a 1.9 per cent increase compared to May 2019 (14,685).
“Home buyers haven’t had this much selection to choose from in five years,” Smith said. “For sellers to be successful in today’s market, it’s important to work with your local REALTOR® to make sure you’re pricing your home for these conditions.”
For all property types, the sales-to-active listings ratio for June 2019 is 13.9 per cent. By property type, the ratio is 11.4 per cent for detached homes, 15.8 per cent for townhomes, and 15.7 per cent for apartments.
Generally, analysts say that downward pressure on home prices occurs when the ratio dips below 12 per cent for a sustained period, while home prices often experience upward pressure when it surpasses 20 per cent over several months.
The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver is currently $998,700. This represents a 9.6 per cent decrease over June 2018 and a 0.8 per cent decrease compared to May 2019.
This is the first time the composite benchmark has been below $1 million since May 2017.
Sales of detached homes in June 2019 reached 746, a 2.6 per cent decrease from the 766 detached sales recorded in June 2018. The benchmark price for detached properties is $1,423,500. This represents a 10.9 per cent decrease from June 2018 and a 0.1 per cent increase compared to May 2019.
Sales of apartment homes reached 941 in June 2019, a 24.1 per cent decrease compared to the 1,240 sales in June 2018. The benchmark price of an apartment property is $654,700. This represents an 8.9 per cent decrease from June 2018 and a 1.4 per cent decrease compared to May 2019.
Attached home sales in June 2019 totalled 390, a 6.9 per cent decrease compared to the 419 sales in June 2018. The benchmark price of an attached unit is $774,700. This represents an 8.6 per cent decrease from June 2018 and a 0.6 per cent decrease compared to May 2019.
New property listed in Sechelt District, Sunshine Coast
Posted in:
Sechelt District, Sunshine Coast Real Estate
I have listed a new property at 4 5477 WHARF AVE in Sechelt.
In the heart of Downtown Sechelt – approximately 900 sq ft. with kitchenette on the waterfront in Royal Terraces strata. Direct access to Sechelt's waterfront boulevard from the unit. Natural light pouring in from the stylish skylights for a healthy work environment. C-2 downtown Sechelt zoning allows for a multiple of uses including office, retail, commercial school, medical facility, child care, service business and more. Plenty of parking in the dedicated commercial lot allocated for your business, despite being in the heart of downtown. Call for more info.
New property listed in Sechelt District, Sunshine Coast
Posted in:
Sechelt District, Sunshine Coast Real Estate
I have listed a new property at 101 5665 TEREDO ST in Sechelt.
THE #1 Prime commercial space in downtown Sechelt. 2120 square feet of corner frontage in the finest strata building on the entire Sunshine Coast, THE WATERMARK. This is the finest of the 7 commercial Watermark units, with 114 residential units above, located street-level in the heart of Sechelt's booming downtown. The brand new space has 3 separate entrances with potential to subdivide, located next to a busy medical office and 40 underground parking spaces just steps away. Space is approximately 67' deep by 32' wide. Call for an info package today.
New property listed in Sechelt District, Sunshine Coast
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Sechelt District, Sunshine Coast Real Estate
I have listed a new property at 20 5288 SELMA PARK RD in Sechelt.
Recently renovated 2 bedroom mobile home offering a nice ocean view through the trees from the living room bay windows. Home has new laminate flooring, new kitchen cabinetry, recent fresh coast of paint throughout and has its own laundry room with new washer and dryer. Pets are allowed with restrictions. Great value in a beautifully treed and quiet, adult oriented (55+) community. Central location is close to town and within easy walking distance to the beautiful Chapman Creek trail system.
New property listed in Sechelt District, Sunshine Coast
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Sechelt District, Sunshine Coast Real Estate
I have listed a new property at 113 5160 DAVIS BAY RD in Sechelt.
Ground floor garden unit in The West, one of the best condo communities on the Sunshine Coast. This one bedroom plus den contemporary design home is set back from the road for peace and quiet, yet steps from the oceanfront seawall, shops and restaurants of beautiful Davis Bay. Featuring granite countertops, stainless appliances, natural gas cooktop, bamboo floors, 9' high ceilings, and a beautiful private and fenced outdoor covered patio and yard to extend the enjoyment of your living space. South exposure provides abundant light year round through the large windows, and the cozy den can be used as guest quarters. A great place to call home - call to view today.
The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Real Estate Board of Greater Vancouver (REBGV), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the REBGV, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the REBGV, the FVREB or the CADREB.