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New property listed in Sechelt District, Sunshine Coast
New property listed in Pender Harbour Egmont, Sunshine Coast
I have listed a new property at LOT 71 ALLEN CRESCENT in Garden Bay.
Gently sloped building lot in Daniel Point with sparkling ocean and island views filtered through majestic firs. This beautiful half acre sits on a quiet cul de sac with a layout that allows for an easy level entry build close to the road. Daniel Point is an area of fine homes with underground services at the lot line. All plans and engineering have been done for this lot, including geotech, structural, topographic, etc. Use the existing building plans or modify to suit your preferences. Call today for an information package.
New property listed in Sechelt District, Sunshine Coast
I have listed a new property at 7035 SKANA CRES in Sechelt.
Spacious family home in the beautiful Sechelt neighbourhood of Sandy Hook. Plenty of deck space to enjoy the natural outdoors, with a lovely fireplace and french doors out to the deck. This is a solid home priced below assessment. Walking distance to fabulous Sandy Beach, kayaking, a boat launch and hiking trails to explore the surrounding forested mountains. More photos to follow.
New property listed in Gibsons & Area, Sunshine Coast
I have listed a new property at 1032 SEAMOUNT WAY in Gibsons.
Gibsons commercial building, centrally located, zoned Light Industrial. Main level has approx. 2000 square feet of warehouse space, plus 416 sq ft of office. Upstairs has brand new 875 sq ft one bedroom residential unit with balcony, and 2 new separately lease-able spaces, 425 sq ft and 300 sq ft. Solidly built steel frame, metal roof, heat pump and natural gas heat, parking for 7 vehicles plus loading bay. Call for more information.
New property listed in Gibsons & Area, Sunshine Coast
I have listed a new property at 15 822 GIBSONS WAY in Gibsons.
Get into the market and enjoy this fabulous 2 bedroom townhome in 'The Manse', located close to everything in central Gibsons. This home boasts innovative design with vaulted ceilings, skylights, a warm gas fireplace and the largest, most private yard in the complex. The unit has original cabinetry and flooring so with some TLC and cosmetic updating, this will be a fantastic home for a family or couple. There is an attached single car garage and the lower level storage crawl space provides tons of additional storage. Call to view this townhome today.
Real Estate Board's Sunshine Coast Market Stats for November 2019
The latest stats come out every month for the previous month's data. The November 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 home sales return to historically typical levels
After a quieter first half of 2019, home buyer activity has returned to more historically typical levels in Metro Vancouver.
The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 2,498 in November 2019, a 55.3 per cent increase from the 1,608 sales recorded in November 2018, and a 12.6 per cent decline from the 2,858 homes sold in October 2019.
Last month’s sales were four per cent above the 10-year November sales average.
“We started to see more home buyer confidence in the summer and this trend continues today,” says Ashley Smith, REBGV president. “It’ll be important to watch home listing levels over the next few months to see if supply can stay in line with home buyer demand.”
There were 2,987 detached, attached and apartment homes newly listed for sale on the Multiple Listing Service® (MLS®) in Metro Vancouver in November 2019. This represents a 13.7 per cent decrease compared to the 3,461 homes listed in November 2018 and a 26.7 per cent decrease compared to October 2019 when 4,074 homes were listed.
The total number of homes currently listed for sale on the MLS® system in Metro Vancouver is 10,770, a 12.5 per cent decrease compared to November 2018 (12,307) and a 12 per cent decrease compared to October 2019 (12,236).
For all property types, the sales-to-active listings ratio for November 2019 is 23.2 per cent. By property type, the ratio is 17.2 per cent for detached homes, 24.9 per cent for townhomes, and 29.3 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.
“In today’s market, the intensity of home buyer demand depends on neighbourhood, property type, and price point,” Smith said. “To better understand the changing trends in your neighbourhood and property type of choice, it’s important to work with your local REALTOR®.”
The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver is currently $993,700. This represents a 4.6 per cent decrease from November 2018 and a 1.3 per cent decrease over the past six months.
Sales of detached homes in November 2019 reached 825, a 59.9 per cent increase from the 516 detached sales recorded in November 2018. The benchmark price for a detached home is $1,415,400. This represents a 5.8 per cent decrease from November 2018, a 0.5 per cent decrease over the past six months, and a 0.3 per cent increase compared to October 2019.
Sales of apartment homes reached 1,222 in November 2019, a 50.9 per cent increase compared to the 810 sales in November 2018. The benchmark price of an apartment home is $651,500. This represents a 3.8 per cent decrease from November 2018, a 1.9 per cent decrease over the past six months, and a 0.2 per cent decline compared to October 2019.
Attached home sales in November 2019 totalled 451, a 59.9 per cent increase compared to the 282 sales in November 2018. The benchmark price of an attached home is $772,800. This represents a 4.4 per cent decrease from November 2018, a 0.8 per cent decrease over the past six months, and a 0.2 per cent increase compared to October 2019.
New property listed in Sechelt District, Sunshine Coast
I have listed a new property at 5639 ANDRES RD in Sechelt.
Absolutely immaculate 3 bed 2 bath West Sechelt rancher with mountain and peek-a-boo ocean views. The home has been meticulously cared for from top to bottom, so all you have to do is move in and start enjoying the relaxed lifestyle in this friendly neighbourbood of Tyler Heights. Engineered hardwood floors throughout the home feel and look great. The lovely yard is low maintenance, complete with a tastefully designed storage shed and easy raised beds ready for your spring flowers and veggies. Features include a spacious and clean two car garage, lovely backyard patio with gas bbq hookup, master bedroom with ensuite and walk-in closet, natural gas fireplace, and much more. Call to view this beautiful home today.
New property listed in Sechelt District, Sunshine Coast
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 and den home is set back from the road for peace and quiet, yet steps from the oceanfront seawall, shops and restaurants of beautiful Davis Bay. The unit features contemporary design with granite countertops, stainless appliances, natural gas cooktop and oven, beautiful bamboo floors, 9' high ceilings, and your own private and fenced outdoor covered patio and yard to extend the enjoyment of your living space. Up to 2 pets allowed per unit in this well-managed strata community. 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.
New property listed in Sechelt District, Sunshine Coast
I have listed a new property at 5853 TURNSTONE CRES in Sechelt.
Solidly built revenue-generating property in a quiet neighbourhood close to downtown Sechelt. Each suite has two bedrooms, level entry, their own laundry and patio/deck with direct access to the back yard. The house sits high for nice mountain views. Natural gas heat and hot water makes for economical operating costs. This is a rare investment opportunity with excellent tenants and great location. Call for an information package.
Real Estate Board's Sunshine Coast Market Stats for October 2019
The latest stats come out every month for the previous month's data. The October 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.
New property listed in Sechelt District, Sunshine Coast
I have listed a new property at 203 5855 COWRIE ST in Sechelt.
Immaculate one-level 2-bedroom apartment in a well-maintained strata building (The Osprey) with underground parking and an elevator. Amenities in the building include an exercise room, workshop, storage locker, and a meeting room. Apartment has a southerly exposure with a sunny balcony and the unit features recent renovations (appliances, carpeting, paint) and a natural gas fireplace. Monthly strata fees are only $310 and include natural gas and hot water usage. The Osprey is well located in the heart of Sechelt and is easy walking distance to the library, Trail Bay mall, swimming pool complex, and the waterfront. No age restrictions; some rentals allowed.
Home buyer activity increases in October
The Metro Vancouver housing market is experiencing a fall pickup in home sale activity.
The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 2,858 in October 2019, a 45.4 per cent increase from the 1,966 sales recorded in October 2018, and a 22.5 per cent increase from the 2,333 homes sold in September 2019.
Last month’s sales were 9.8 per cent above the 10-year October sales average.
“Home buyers have more confidence today than we saw in the first half of the year,” says Ashley Smith, REBGV president. “With prices edging down over the last year and interest rates remaining low, hopeful home buyers are becoming more active this fall.”
There were 4,074 detached, attached and apartment homes newly listed for sale on the Multiple Listing Service® (MLS®) in Metro Vancouver in October 2019. This represents a 16.4 per cent decrease compared to the 4,873 homes listed in October 2018 and a 16.3 per cent decrease compared to September 2019 when 4,866 homes were listed.
The total number of homes currently listed for sale on the MLS® system in Metro Vancouver is 12,236, a 5.8 per cent decrease compared to October 2018 (12,984) and a nine per cent decrease compared to September 2019 (13,439).
For all property types, the sales-to-active listings ratio for October 2019 is 23.4 per cent. By property type, the ratio is 17.3 per cent for detached homes, 26.2 per cent for townhomes, and 29 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.
“The recent uptick in home sales is moving us into a more historically typical market,” Smith said. “Both sale and listing activity is trending around our long-term averages in recent months.”
The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver is currently $992,900. This represents a 6.4 per cent decrease from October 2018, a 1.7 per cent decrease over the past six months, and a 0.2 per cent increase compared to September 2019.
Sales of detached homes in October 2019 reached 938, a 47.3 per cent increase from the 637 detached sales recorded in October 2018. The benchmark price for a detached home is $1,410,500. This represents a 7.5 per cent decrease from October 2018, a 1.3 per cent decrease over the past six months, and a 0.3 per cent increase compared to September 2019.
Sales of apartment homes reached 1,384 in October 2019, a 40.5 per cent increase compared to the 985 sales in October 2018. The benchmark price of an apartment home is $652,500. This represents a 5.9 per cent decrease from October 2018, a 2.2 per cent decrease over the past six months, and a 0.2 per cent increase compared to September 2019.
Attached home sales in October 2019 totalled 536, a 55.8 per cent increase compared to the 344 sales in October 2018. The benchmark price of an attached home is $771,600. This represents a 5.8 per cent decrease from October 2018, a 0.4 per cent decrease over the past six months, and a 0.5 per cent increase compared to September 2019.
New property listed in Sechelt District, Sunshine Coast
I have listed a new property at LOT 89 SKOOKUMCHUK RD in Sechelt.
Enjoy gorgeous views of beautiful Sechelt Inlet. Gently sloped view lot located in a quiet residential neighbourhood, just 10 minutes from all Sechelt amenities. Two beaches are a short walk away and there are hiking trails galore. One of the best ocean view lots in Sandy Hook!
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
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
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.
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
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.
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101 - 938 Gibsons Way
Gibsons, BC, CA
V0N 1V7