Deer shopping at the local paint store

Another great month for increased sales for the residential detached and attached market.  We are definitely seeing an upward trend with unit sales and gross sales revenue.  Housing prices are still equal, generally, but we are selling more! Land only is not fairing as well and has seen another dip this past month.  Lets break it down:

Residential Detached Home Sales

Gross dollar sales equaled $29,314,000 for a 25% increase over last year’s $23,453,000.  Unit sales this past month totalled 67 for a 36% increase over last year’s 49.

Year to date total dollar volume is up 17% to $116,529,000.  Unit sales for the year are also up 18% to 267 from 226 last year.  Total available inventory is 770 listings.  This is only up 3% from the same time last year.  The average price per unit is $436,000 compared to last year at $439,000.

Music in the Landing, Summertime in Gibsons BC

Residential Attached Home Sales

Gross dollar sales equaled $4,136,000 for a 20% increase over last year’s  $3,275,000.  Unit sales this past month totaled 16 for a 50% increase over last year’s 8.

Year to date total dollar volume is up 23% to $17,600,000.  Unit sales for the year are also up 27% to 62 from 45 last year. Total available inventory is up slightly to 187 units for sale.  This is a small increase of 6% over last year’s 175 units.  The average price per unit is $280,000 this year.  Last year the average price was $295,000.

From the top of Mt. Elphinstone looking at the Paisley Islands

Land Only Sales

Land only is slumping in dollar volume as we are down 23% to $1,749,000 from $2,292,000 last year.  Unit sales, surprisingly, are up to 10 over last year’s 6 units sold.

Year to date total dollar volume is down 13% to $5,887,000.  Unit sales are up 19% to 31 from 26 last year.  Total available inventory remains fairly even at 1421 units.  The average price per sale is down slightly from $402,000 to $389,000.

Land only sellers need to compete on price!  Cut that price to the bone and be prepared to wait, a bit anyway.

Cottage country, North Lake near Egmont BC

Sellers

Things are looking up for detached and attached Sellers! Demand is increasing each month, and while it’s not yet time to be too ambitious with asking price, you can enjoy a bit more certainty when it comes to getting sold.

Buyers

Buyers looking for detached homes now need to be a little more ready to make an offer rather than waiting to see what comes onto market “next week”.

Enjoy July everyone.  If you have any questions about the market give us a call and let us go to work for you!

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Hello everybody!

May was another great month for detached sales on the Sunshine Coast!  Attached sales were up too and the land only market is holding its own.  Lets break it down.

Marina at Gibsons BC

Detached Home Sales

Detached sales for the month of May enjoyed a total dollar volume of  $32,294,000 which is a whopping increase of 35% over last May’s total dollar volume of $23,755,000.  Units sold are up 20% with 64 sales over last May’s 53.

Year to date results are also on good footing with an increase of total dollar volume of 14%.  So far this year we have sold $87,210,000 worth of detached homes compared to last year’s total of $75,892,000.  Year to date unit sales are also up.  We’ve sold 200 units so far whereas last year we were at 177.  This is an increase of 12%.  The average price per unit is up 1% from $428,000 to $436,000. Available inventory is also up 8% from 705 available homes last year at this time to 765 available homes presently on market.

Sandy Hook beach

Attached Home Sales

Attached home sales are doing very well too.  For the month of May we had a total dollar volume for condos and town homes at $3,861,000 compared to last May at $2,660,000 for an upswing of 32%!!!  Units sold in May totaled 11 compared to 8 last year.

Year to date numbers are a little more conservative but nonetheless very bright and reason for optimism.  Total dollar volume this year is at $13,530,000 compared to last year at $10,150,000 representing a boost of 25%.  Unit sales are very close to that percentage with 46 units sold so far this year and only 37 sold at this point last year for a difference of 19%.  The average price per unit is $291,000 which is up 7% from last year’s $272,000.  Available inventory right now is 164 units whereas last year we were at 175.

Sandy Hook Sunshine Coast BC

Land Only

Land only sales are down ever so slightly by 3% from $845,000 last May to $815,000 this May.  Units sold this May were 4, last May enjoyed 5 sales.

Year to date dollar volume is down 8% to $4,138,000 this year compared to $4,500,000 last year. Unit sales for the year are 21 compared to last year’s 20.  The average price per unit this year is $197,000 compared to $225,000 last year for a difference of 12%.  Available inventory for land is now hovering at 441 units down 8% from last year’s 480.

Busy Spring…Is the trend continuing?

Traditionally, May is one of the strongest selling months on the Sunshine Coast, and this is the second month in a row that we have seen significant gains in both dollar volume and units sold.  Dare I say we are seeing a trend….Maybe it’s a bit early to say but it looks good.  Will next month see us come down slightly, as is tradition, or maintain a steady upward gain?  Stay tuned and find out!