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Sunshine Coast Real Estate Market Stats
Sunshine Coast Real Estate Market Stats Finishing May 2021
by Russ Qureshi
Is the market pausing? e 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 de nite 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. e 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: 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. is is down 41% compared to last year. e 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. e 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. is 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%... rmly in the hands of seller. Year to date we have seen a 415% increase in sales dollar volume to $74,000,000 and an increase in unit sales by 365% to 135 units sold in 2021. e average price for a condo or town home is $547,500.
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. is is down 45% from last year. is 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. e 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 nding 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.
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730 Trickle Court
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416 S Fletcher Road
One full acre and a custom 2004 home
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12392 Jesse Road - Pender Harbour SOLD
1100 sqft rancher in Creekside 3 beds / 1 bath Single garage Fenced yard Asking $729,000
Lot E Byng Road - Roberts Creek
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
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