Beachfront home Sunshine Coast, BC
Some very interesting real estate sales statistics coming from the month of March 2014 on the Sunshine Coast, BC. Lets begin with detached homes.
Detached Home Sales
March saw 12% less dollar volume than last year – $15,500,000 vs $17,600,000. We also saw a commensurate reduction in unit sales. We’re down 10% with 34 sales this March compared to 37 from last year.
We’re down in new listings that have come on in March by 9% (129 new listing this March compared to 143 last year). This makes correlative sense with unit sales BUT our total units listed as of March 31 are 678 whereas last year at this time we only had 566 units listed. This is a 19% jump in inventory.
Year to date dollar volume we are only down 5% from last year – $34,800,000 compared to $36,700,000 from last year. Unit sales for the year are 84 compared to 86 last year.
Spring on the Sunshine Coast BC
Attached Home Sales
Attached home gross dollar sales in March was $2,379,000 compared to last year at $2,830,000 for a difference of -16%. Unit sales this past month equaled 10 versus last year’s 11.
Inventory is down slightly with 157 units available. Last year we had 166 units available for a difference of -5.5%.
Year to date we are up across the board. Dollar volume rose 37% to $8,257,000 compared to last year where we were at $5,420,000. Unit sales reflects the same increase with 30 sales year to date. Last year saw only 19 sales by the same time.
Zen garden Gibsons BC
Land Only Sales
Land only sales are rocking! We’re up 220% in dollar volume with $622,000 versus $282,000 from last year. We have 4 units sales in March this year compared to 2 from March last year.
Inventory is down 5% to 389 from 410.
Year to date we have enjoyed a total of $3,328,000 in total dollar volume compared to last year at $2,280,000. This is an increase of 45%! Unit sales are up too. 16 units sold this year compared to 11 from last year.
What does this mean?
View of North Shore, islands and ocean on the Sunshine Coast BC
In a general sense, we’re doing just fine with two segments of the market (attached and land only) up significantly despite the relatively small numbers over all. Although we are down for detached sales we are starting to see some lovely weather that will make a positive difference for sales as we move forward into spring.
Detached sellers – Compete, compete, compete! There are a huge amount of properties for buyers to choose from. Show your home very well and lead the market on price. This will be your key to selling sooner than later!
Attached sellers – Although numbers are up, the total numbers are still quite small. Be optimistic but guardedly so. As with detached sellers you should show your home as neatly as possible and also lead the market with pricing.
Land only sellers – Again, the numbers are up in a huge way but the total numbers are still small and the competing inventory is large. Do whatever you can with your bare land to differentiate it from the competition. Is there a view you can exploit? Is there some clearing or trailblazing you can do to make the property more accessible and appealing to a buyer?
Buyers for all property types – Interest rates are down to 3.14% with some mortgages available at 2.99%! When you’re ready to purchase get pre-approved first. With all the inventory there is something out there for you and sellers will be eager to entertain an offer!
Whether you are buying or selling talk to Russ or Ria and we can create an action plan that will work for you on many different levels.
Remember, there is no obligation when you chat with us. We’re here to help you achieve your real estate goals!!
https://coastlifestyles.ca/
MLS® HPI Price Comparison for Sea to Sky vs Greater Vancouver
/in Sunshine Coast Real Estate /by Ria QureshiGreater Vancouver real estate market has seen a steady increase in the MLS® Housing Price Index (HPI) since the market plunge in 2009 while rural areas, such as Sunshine Coast, Squamish and Whistler are struggling to catch up.
Check back next month to see how things change.
MLS® HPI Sea to Sky vs Greater Vancouver Mar 2014
About MLS® Housing Price Index (HPI)
MLS® Housing Price Index (HPI) model uses statistical analysis to determine the current value for homes using home attributes and calculates how the value of the typical or “benchmark home” changes over time which gives a clear view of home price trends over time.
Sunshine Coast Real Estate Market Update for March 2014
/in Sunshine Coast Real Estate /by Ria QureshiBeachfront home Sunshine Coast, BC
Some very interesting real estate sales statistics coming from the month of March 2014 on the Sunshine Coast, BC. Lets begin with detached homes.
Detached Home Sales
March saw 12% less dollar volume than last year – $15,500,000 vs $17,600,000. We also saw a commensurate reduction in unit sales. We’re down 10% with 34 sales this March compared to 37 from last year.
We’re down in new listings that have come on in March by 9% (129 new listing this March compared to 143 last year). This makes correlative sense with unit sales BUT our total units listed as of March 31 are 678 whereas last year at this time we only had 566 units listed. This is a 19% jump in inventory.
Year to date dollar volume we are only down 5% from last year – $34,800,000 compared to $36,700,000 from last year. Unit sales for the year are 84 compared to 86 last year.
Spring on the Sunshine Coast BC
Attached Home Sales
Attached home gross dollar sales in March was $2,379,000 compared to last year at $2,830,000 for a difference of -16%. Unit sales this past month equaled 10 versus last year’s 11.
Inventory is down slightly with 157 units available. Last year we had 166 units available for a difference of -5.5%.
Year to date we are up across the board. Dollar volume rose 37% to $8,257,000 compared to last year where we were at $5,420,000. Unit sales reflects the same increase with 30 sales year to date. Last year saw only 19 sales by the same time.
Zen garden Gibsons BC
Land Only Sales
Land only sales are rocking! We’re up 220% in dollar volume with $622,000 versus $282,000 from last year. We have 4 units sales in March this year compared to 2 from March last year.
Inventory is down 5% to 389 from 410.
Year to date we have enjoyed a total of $3,328,000 in total dollar volume compared to last year at $2,280,000. This is an increase of 45%! Unit sales are up too. 16 units sold this year compared to 11 from last year.
What does this mean?
View of North Shore, islands and ocean on the Sunshine Coast BC
In a general sense, we’re doing just fine with two segments of the market (attached and land only) up significantly despite the relatively small numbers over all. Although we are down for detached sales we are starting to see some lovely weather that will make a positive difference for sales as we move forward into spring.
Detached sellers – Compete, compete, compete! There are a huge amount of properties for buyers to choose from. Show your home very well and lead the market on price. This will be your key to selling sooner than later!
Attached sellers – Although numbers are up, the total numbers are still quite small. Be optimistic but guardedly so. As with detached sellers you should show your home as neatly as possible and also lead the market with pricing.
Land only sellers – Again, the numbers are up in a huge way but the total numbers are still small and the competing inventory is large. Do whatever you can with your bare land to differentiate it from the competition. Is there a view you can exploit? Is there some clearing or trailblazing you can do to make the property more accessible and appealing to a buyer?
Buyers for all property types – Interest rates are down to 3.14% with some mortgages available at 2.99%! When you’re ready to purchase get pre-approved first. With all the inventory there is something out there for you and sellers will be eager to entertain an offer!
Whether you are buying or selling talk to Russ or Ria and we can create an action plan that will work for you on many different levels.
Remember, there is no obligation when you chat with us. We’re here to help you achieve your real estate goals!!
https://coastlifestyles.ca/
Dreaming of Gardens and Acreage in a Park-like Setting?
/in Sunshine Coast Real Estate /by Ria QureshiLook no further than 953 Marine Drive, Gibsons Sunshine Coast BC.
Cottage Country! 953 Marine Dr Gibsons BC Sunshine Coast
This solid home sits on 1.79 park-like acres and backs onto Soames Hill (aka Knob Hill) and is just across the street from one of the best sandy beaches on the beautiful, rugged Sunshine Coast BC.
953 Marine_wisteria
Manicured gardens include fruit trees, perennial shrubbery, ornamental Maples, ponds, climbing flowers, hot tub, wired gazebo and a Zen garden that unfold onto natural ferns, Oregon grape, cedars and fir strewn with moss covered glacial rock.
953 Marine Dr Gibosns_Zen garden
953 Marine Dr Gibsons BC_backyard
Step into the immaculate, completely updated 3 bedrooms and 1 bathroom home featuring updated hardwood kitchen with stainless steel appliances, newer bathroom, state of the art washer/dryer and the list goes on!
953 Marine Drive Gibsons BC_Living Room
Subdivide, stratify or simply build another full home this property.
953 Marine Drive Gibsons BC_Kitchen
953 Marine Drive Gibsons BC_magical pathway
953 Marine_sunset
Make your dreams come true and call this property home today!
More details
Weekend Open House
/in Sunshine Coast Real Estate /by Ria Qureshi3-765 SCHOOL ROAD Gibsons BC $249,900
Open House – Sunday, March 23rd from 12 – 2pm
This is your chance to enter the real estate market with a 3 bedroom / 2 bathroom town home at Sunshine Ridge on the Sunshine Coast, BC.
With over 1360 sqft of living space this home is great for a first time buyer, empty nesters, investor or simply as a coastal getaway! Walk to schools, shopping, the movie theatre, community center ice rink, pool and more.
There are no rental restrictions! Up to 2 cats are ok! 2 dogs under 25lbs are ok too! Take advantage of this while you can!
3-735 School Rd Gibsons BC
Call us today for your private viewing!
Prudential Sussex Realty Gibsons office is moving!
/in Sunshine Coast Real Estate /by Ria QureshiPrudential Sussex Realty Gibsons office is moving!
As REALTORs® we go through all the same emotions that our clients go through when moving house.
I’m up for a change.
Spring is in the air and I’m optimistic about real estate and life in general. Early next week Russ and I will be going through all our files, photos, awards and personal effects bringing rise to emotions and feelings and that’s okay. I say, “Let’s shake it up!”
Come check out our new digs at Gibsons Park Plaza (at the IGA).
Russ and I will be settled into our new office by Friday March 28th. Stop by and say “Hi!”
Prudential Sussex Realty, Gibsons
Unit #117 – 1100 Sunshine Coast Hwy.
Gibsons, B.C.
V0N 1V7
Flowers at the Sunken Garden, Butchart Gardens, Victoria, British Columbia, Canada
By the way…
Happy 1st day of Spring!
Family View Home with Room to Grow
/in Sunshine Coast Real Estate /by Ria Qureshi664 FAIRMONT ROAD Gibsons BC $379,900
Living Room 664 Fairmont Rd Gibsons BC
Level entry view home with a full walkout basement, 3 bedrooms, 3 full bathrooms, a huge rec room, dedicated media room, breakfast nook and viewing deck to enjoy the ocean and Vancouver Island to the south and peek-a-boo views of the North Shore mountains.
Kitchen 664 Fairmont Rd Gibsons BC
A wonderfully spacious family home with room to grow and there’s ample parking with room for your RV or boat. The location is top notch and easy walking distance to amenities and services of both lower and upper Gibsons.
Family Room / Office 664 Fairmont Rd Gibsons BC
On a cul de sac, half way between the upper and lower villages one can walk everywhere – schools, grocery shopping, galleries, cafes and more.
Family Room 664 Fairmont Rd Gibsons BC
Many recent upgrades make this home worry free for the foreseeable future! There is even a laundry chute!
Media Room 664 Fairmont Rd Gibsons BC
Don’t forget the best water in the world comes out of the tap here! Call today for a private viewing and see how this home will improve your lifestyle!
More details
Bathroom 664 Fairmont Rd Gibsons BC
Condos – An Affordable Housing Investment on the Sunshine Coast
/in Sunshine Coast Real Estate /by Ria Qureshi13-689 PARK ROAD Gibsons BC $219,000
13-689 Park Rd Gibsons BC
Are you looking to enter the market or downsize? Do so with this lovingly maintained home! 3 bedrooms / 2 full bathrooms on 2 floors help spread the living spaces out. Lots of windows and light keep you perky all day!
Living Room 13-689 Park Rd Gibsons BC
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:).
Dining area and Kitchen 13-689 Park Rd Gibsons BC
The location is conveniently located minutes by foot to the recreation center, shopping and schools.
Call us today for your private viewing!
3-765 SCHOOL ROAD Gibsons BC $249,900
Front Exterior 3-735 School Rd Gibsons BC
This is your chance to enter the real estate market with a 3 bedroom / 2 bathroom town home at Sunshine Ridge on the Sunshine Coast, BC.
Kitchen 3-735 School Rd Gibsons BC
With over 1360 sqft of living space this home is great for a first time buyer, empty nesters, investor or simply as a coastal getaway! Walk to schools, shopping, the movie theatre, community center ice rink, pool and more.
Living Room 3-735 School Rd, Gibsons BC
There are no rental restrictions! Up to 2 cats are ok! 2 dogs under 25lbs are ok too! Take advantage of this while you can!
Call us today for your private viewing!
House Portraits by Katharine Dickinson, Artist
/in Sunshine Coast Real Estate /by Ria QureshiCreate a lasting image of your home
with a custom house portrait.
Katharine Dickinson – House Portraits
Katharine Dickinson is an award-winning artist with over 20 years experience. Through her painting, she captures the vitality and likeness of her subjects in a fresh, innovative way. Katharine is a professional artist, illustrator and portrait painter who specializes in both traditional painting and digital techniques.
Under Tree, Katharine Dickinson
She began her journey as an artist at a young age. Her colourful and energetic work is display in homes and galleries in Europe, North America and Australia including London, New York, Toronto and Vancouver.
Pencil Portrait, Katharine Dickinson
Katharine currently works from her studio in beautiful Vancouver, BC.
Connect with Katharine Dickinson
Sunshine Coast Real Estate Market Update for February 2014
/in Sunshine Coast Real Estate /by Ria QureshiSunshine Coast Real Estate Market Update for February 2014
Hello everyone and thanks for checking out our statistics report for February 2014. What I was hoping for, after the incredible real estate action in both December and January, was a continuation of that activity. What I am seeing is a dip in the action (maybe due to all that snow or the universal distraction of the winter Olympics) that will put us, very nearly, on par with last year. Here’s how it breaks down:
Residential Detached Home Sales
Residential detached sales for the Sunshine Coast in February came in at a total dollar volume of $7,585,000 compared to February 2013 where we produced $11,893,000 in sales. This is a drop of 36%.
Unit sales were a little less dramatic with 23 units sold over last year’s 28 for a reduction of 17%.
Year to date we are still ahead of last year by 1% in dollar volume and 4% in unit sales (this is literally the difference of two sales). Everyone who took a break from the leaving their homes on market over the holidays have now relisted. We have a total of 620 active listings compared to last year at this time where there were 515 available listings. This is a difference of 20%!
Residential Attached Home Sales
Residential attached sales for the Sunshine Coast in February came in at a total dollar volume of $3,563,000 which is a whopping 70% increase over last years $1,045,000.
We had 8 more unit sales this month for a total of 11 over last year in February. Year to date we are still very much ahead of the game.
Year to date total dollar volume is still up 290% for a total of $5,878,000. Last year we were at $1,445,000. Total unit sales this year are 20 compare to last year’s 8 sold. We have a total of 60 active listings for condos & town homes. Last year we had 15% more listings at 71.
This is a very positive sign for detached home sellers!
Land Only Sales
Land only sales for the Sunshine Coast in February came in at a total dollar volume of 802,000 which is down 55% from last February’s total of $1,800,500.
Unit sales this past month are 4 compared to 7 from last year.
Year to date totals are much more rosy with a total dollar volume of $2,706,000 which is up 35% over last year’s $1,998,000. Total unit sales this year are 12, last year it was 9. We have a total of 367 land only active properties available. Last year we had 387 available.
Average vs Unique
For Sellers, the numbers are still good and show reasons for optimism especially in the attached and land only markets. As always, it’s a precarious balance and, for Buyers, it is still mainly coming down to price. There are monied buyers out there that will pay for “just the right thing”. We are finding the unique properties are going for closer to asking (think view acreage with a beautiful home). The “average” detached home is still dealing with a lot of competition so you have to show value to today’s buyer.
For Buyers, this is a great time to be making a deal! Interest rates are still super low! I even saw an ad last week bringing back the 2.99% four year term mortgage. Give us a ring and we can chat about your goal for a purchase and help you find the right place!
The Beauty of Dreams
/in Sunshine Coast Real Estate /by Ria QureshiThe future belongs to those who believe in the beauty of dreams.
Eleanor Roosevelt