Sunshine Coast Real Estate Market Stats Finishing May 2021 by Russ Qureshi
Is the market pausing? The sales statistics say no way…. As the publication/submission day of @Home on the Coast is just before the end of the month these stats tend to be several weeks old. On that note, the market has almost half the production of May and we are in the third week of June now…. a definite slowdown is in progress… how long and deep remains a mystery. More to come..! We continue to see a high volume of transactions across all property types on the Sunshine Coast. In speaking with my colleagues we are all noticing a marked slowdown in calls of interest on our listings and that properties are, generally, taking longer to sell. The stats have yet to coincide with those observations but the general sense is: the market is slowly changing. Let’s see how it breaks out: 4174 Sunshine Coast Hwy
Fully detached home sales increased in dollar volume by 355% to $86,065,000 and unit sales by 203% to 85 units sold in May. Active listings are up by 6 over last month to a total of 182. This is down 41% compared to last year. The sales success ratio (the amount of sales versus the available inventory) is 45% keeping the market in seller’s hands. Year to date we are up in dollar volume by 259% to $387,000,000 and unit sales by 156% to 384 units sold so far in 2021. The average price for a home on the Sunshine Coast is $1,007,000.
Condo and town home sales increased in dollar volume by 172% to $16,050,000 and unit sales by 1000% to 30 units sold in May. Active listings are up by 1 unit to 51 available condos or town homes for sale. This is down by more than 50% from the same time last year and puts the sales success ratio for this segment of the market at 60%...firmly in the hands of seller. Year to date we have seen a 415% increase in sales dollar volume to
Land only sales have increase in dollar volume by 800% to $15,850,000 and unit sales by 314% to 29 units sold in May. Active listings decreased by 6 units to 123 available lots/land only units available. This is down 45% from last year. This means the sales success ratio for this segment of the market is 24%!!! Unheard of territory for land only. Year to date dollar volume is up 742% to 67,850,000 and unit sales are up 462% to 135 units sold so far in 2021. The average price for land only is $502,000. With the country on the way to getting through the pandemic we will see much of the built up cash reserves (accumulated over the recent months by folks not travelling, going out or finding ways to easily spend) get spent. It won’t all be on real estate but be prepared for relatively calm summer and then another wild ride this fall.
730 Trickle Court
416 S Fletcher Road
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SO One full acre and a custom 2004 home Additional full sized dwelling allowed Giant garden area Deep well Asking $929,000 12392 Jesse Road - Pender Harbour
$74,000,000 and an increase in unit sales by 365% to 135 units sold in 2021. The average price for a condo or town home is $547,500.
1100 sqft rancher in Creekside 3 beds / 1 bath Single garage Fenced yard Asking $729,000 Lot E Byng Road - Roberts Creek
2220 sqft 4 bedroom / 2.5 bathroom home Many fine upgrades • Self contained suite Views and location Decks and gardens Asking $1,229,000 More at www.gibsonsviewhome.com
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SO 2 bedroom / 1 bathroom / 630 sqft shop with 220v RV parking • great lot! Asking $529,000 www.pendercottage.ca
9.7 acres CR2 zoned easy access build a home and/or subdivide good view from the top Asking $699,000 www.robertscreekacreage.ca
office 604-886-2670 Twitter: @CoastalHomesBC Facebook: Coast Lifestyles Network 101 - 938 Gibsons Way, Gibsons BC V0N 1V9
Russ Qureshi @Home on the Coast | 27
