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New property listed in Halfmn Bay Secret Cv Redroofs, Sunshine Coast
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
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.
New property listed in Sechelt District, Sunshine Coast
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
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
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
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
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.
New property listed in Sechelt District, Sunshine Coast
I have listed a new 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 Halfmn Bay Secret Cv Redroofs, Sunshine Coast
Posted on
June 19, 2019
by
Joe James
I have listed a new property at 7811 REDROOFFS RD in Halfmoon Bay.
Enjoy fabulous ocean views all day, every day on .79 level acres of high bank waterfront in beautiful Halfmoon Bay! Soak in the southerly expanse, glowing sunsets and watch eagles soar above the treetops. The spacious 3 bedroom level entry rancher features vaulted ceilings, natural gas/solar in-floor heating, two gas fireplaces, a wine cellar and more. Entertain from the beautifully remodeled kitchen with granite countertops, solid maple cabinets, and stainless Bosch appliances with both gas and radiant cooktops for the gourmet. Enjoy the views from your private ocean-facing garden, and a stairway trail can be built down to your own private beach oasis, where you can swim, beachcomb, and launch your kayaks and boats. A wonderful west coast lifestyle can be all yours!
Real Estate Board's Sunshine Coast Market Stats for May 2019
The latest stats come out every month for the previous month's data. The May 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.
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101 - 938 Gibsons Way
Gibsons, BC, CA
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