Archive for month: September, 2014
Are you looking for a bright, convenient location with room to grow?
Check out this lovingly maintained condo home at Park Rise in Gibsons BC!
219,000 Now $215,000!
OPEN HOUSE: Sunday, September 14th from 12:30 – 1:30 pm
Three bedrooms, two full bathrooms on two floors and a wrap around deck help spread out the living spaces.
Lots of windows and light keep you perky all day! Open design kitchen with bar counter and orientation to the living room keeps the family together.
Enjoy your master bedroom on the main floor for privacy when you need it (the kids and guests can sleep upstairs:)
This home is conveniently located minutes by foot to the recreation center, shopping and schools.
2009 Porter Rd Roberts Creek
Sunshine Coast BC
788,000 Now $729,000!!
The custom built home is only 9 years old and is situated to drink in the southerly views! With a large master suite, open concept living room and kitchen, wood fireplace, hardwood & tile floors and wood kitchen counter tops you can enjoy an upscale West Coast experience.
Sun-kissed, south facing view acreage in Roberts Creek. The property is 4.67 acres and boasts extensive landscaping with five creek fed ponds, willows and a bamboo forest. Towering cedars and firs providing privacy.
There is also the original 100 yr old log home on the property that has been substantially renovated and provides a great place for guests!
This is a one of a kind property! Start your Coast Lifestyle today
BC Ferries Sunshine Coast – West Vancouver Schedule for
September 2 to October 13, 2014:
Check it out or view the “live” schedule on BC Ferries website here >>>
|Leave Horseshoe Bay (Vancouver)||Leave Langdale (Sunshine Coast)|
August was a great month for real estate sales on the Sunshine Coast! Detached homes, condos and town homes did exceptionally well and are inline with the overall positive trend of the Real Estate Board of Greater Vancouver (REBGV) while land only sales plummeted. Here’s how it breaks down:
Detached Home Sales
Total detached sales dollar volume reached an amazing $23,678,000 this past month. Compare this to last year’s dollar volume of $18,778,000 and it translates to 26% increase!
Unit sales are mimicking that percentage increase. We sold 54 units this past month compared to last year’s 42 for a 28% increase.
Year to date shows we are still ahead of last year. With total sales dollar volume for this year at $163,518,000 we are 14% ahead of last year’s volume at this time of $143,355,000! Again, unit sales fall in line with this percentage increase. We have 374 sales so far this year. Last year we were at 324 by this time. This translates to a 16% increase! Total available inventory is 755 detached homes and the sales success ratio is 7.1% meaning it is still very much a buyers market.
The average detached home price is down 1.75% to $434,000 from $442,000.
Attached Home Sales
Total attached sales (condos and town homes) reached $5,279,000 this past month. This is a whopping 139% increase over last year’s dollar volume of 2,062,000!!!
Unit sales followed suit with 16 sales last month over last year’s 7 sales.
Year to date is also a very rosy picture with dollar volume reaching a total of $23,772,000 for a 27% increase over last year’s $18,717,000. Year to date unit sales are 81 compared to 61 last year for a 25% increase. Total available inventory is 198 attached homes and the sales success ratio is 8%. Attached homes are still enjoying buyer’s market conditions.
The average attached home price is $289,000 which is down 4% from last year.
Land Only Sales
Land only sales are suffering some tough times. This past month the total dollar volume was $1,989,000 compared to last year’s $3,353,000 for a decrease of 40%. Much of the dollar volume is made up from two waterfront sales – one for $960,000 and the other for $650,000.
Unit sales are commensurate with 6 this past month and 8 unit sales in August of last year.
Year to date is not quite so bad…..dollar volume so far this year has reached $9,505,000 which is down 16% from $11.386,000 last year. Year to date unit sales are close with 40 this year and 42 last year. Total available inventory sits at 477 lots which is virtually unchanged from last year.
The average sale price for land only is down 20% from $284,000 to $226,000.
Overall this is great news! More homes are selling because buyer confidence is high and prices are more in line with what people are willing to pay for a coastal property.
Advice for Home Sellers
Detached and attached home sellers – when that offer comes make sure you take any feeling of personality out of the equation and, if the offer moves your situation forward, take it! Although the market is doing much better you have to ask yourself: “Do I want to risk being on market for another 3 or 4 months (with all the associated costs) to maybe make an extra $5000 or $6000?”.
Advice for Home Buyers
Buyers – this continues to be a great time to buy with very low interest rates and lots of available inventory to choose from. When you find the right home, configure your offer with as few conditions as possible and, if you’re in a position to do so, offer preferable closing dates to your seller. A little bit of goodwill in an offer can go a long way toward negotiating a great deal.
Land Only Sellers
Land only sellers need to hang tight. There are buyers out there but they are slow to put pen to paper. Buyers – there are some great deals available especially with larger lots in the 5+ acre size. If you’re thinking about a farming lifestyle, building your own home and even mitigating purchase costs with timber value there are lots out there for you. Call us and we’ll help you find the right one.
Until next month, enjoy the last days of summer!
Last week Prudential Sussex Realty hosted an Ice Bucket Challenge at both our North Shore and Sechelt offices. We raised over $2,000 for ALS Society of Canada and other charities.
Personally, our family donated to Create Change Foundation which helps over 1,000 girls yearly achieve their high school and university education while providing clean water initiatives in Ghana, Africa.
Check it out! >>>
Ria’s Ice Bucket Challenge
Sasha’s Ice Bucket Challenge
Athena’s Ice Bucket Challenge
794 Bayview Heights Rd, Gibsons BC
Executive Home with Panoramic Ocean and Mountain Views
This executive home offers privacy and has B&B potential or room for a home office. With 4 bedroom and 3 baths on 1,950 sq ft it’s perfect for an energetic couple or growing family. Just steps to Franklin, Secret or Georgia beaches. Walk to cafes and restaurants. Join your friends for kayaking or boating at your choice of two marinas. This home and neighbourhood has it all!!
$479,000 Now $474,900
Russ Qureshi, REALTOR®, Associate Broker
Royal LePage Sussex
117-1100 Sunshine Coast Hwy
Gibsons, BC V0N 1V7