Overall, the real estate market on the Sunshine Coast continues to trend in the positive with HPI (Housing Price Index) up 20.5% over May last year to $538,600.
Total dollar volume for May is down 15% compared to May last year across the Sunshine Coast to $74,541,386.
Unit sales are down 34% with 109 homes and property sold, while the average price of all property is up 28% to $$683,866 and a sales success ratio is a whopping 32% holding firm in a seller’s market.
The housing market continues to be competitive for home buyers with 340 total available homes for sale and 136 newly listed properties.
Detached Home Sales
The average price of a detached home inched up 5% over last month to $758,207.
Total sales volume reached $62,173,000 with 82 homes sold and inventory levels of 285 units and 111 newly listed homes for sale.
Sales success ratio was 28% holding firm in a seller’s market.
Townhome and Condo Sales
Townhome and condo sales are up with an average unit price of $467,507.
Sales volume totaled $12,308,386 with 27 units sold and 45 homes for sale putting the market in the seller’s hands at 60% sales success ratio.
The average price per property was $494,800 for a sales volume total of $8,906,400 and 18 units sold.
Total active listings were 240 with 33 new listings on the market for the month of May.
Sales success ratio held at 7.5%, still a buyer’s market.
Timing, pricing and location are the biggest factors in how quickly a property will sell in a busy market like the Sunshine Coast BC.
Speak with a REALTOR® licensed in your area to gain insights into current real estate market activity in your neighbourhood.
For all your real estate buying, selling and investment needs on the Sunshine Coast BC contact Russ Qureshi and his team at http://coastlifestyles.ca
Check out our most recent stats graphs for the Sunshine Coast BC:
(updated automatically from the REBGV – Real Estate Board of Greater Vancouver)