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/
Detached Home Sales Surge on the Sunshine Coast
/in Sunshine Coast Real Estate /by Ria QureshiReal Estate Market Update for the Sunshine Coast April 2014
We’re well into May now and the statistics for April are in!
The market is swinging to it’s own tune. Remember over the last several months we have seen the detached market lag behind last years results and the attached and land only markets soar beyond last years heights. Well, we have a reverse of that situation this month.
Porter Rd View Acreage in Roberts Creek
Residential detached homes
Residential detached dollar volume is up to $20,109,000 this month over last year’s $15,422,000. This is an increase of 30%! Unit sales closely match with 52 homes sold over last year’s 38 for a 36% increase.
Year to date is more modest but up nonetheless. Total dollar volume for the year so far is $54,915,000 compared to last year at $52,137,000 for an increase of 5%. Total units sold YTD is 136 compared to 124 from last year for an increase of 10%.
The total amount of available detached listings are 731 compared to last year at 661 for a 10% increase. Total sales as a percentage against total listings available is 7.1%.
A balanced market is in the 15-20% range therefore we are still very much in a buyers market as we move into the last month of spring.
Park Rd Condo Gibsons BC
Residential attached homes
Attached housing dollar volume is $1,415,000 in April. Last year we were at $2,350,000 which is a difference of -60%. Unit sales for April are down 50% to 5 units sold compared to last year where we had 10 sold.
Year to date dollar volume is $9,682,000. Last year by this point we reached $7,500,000 so we are up 12.5%. Unit sales have totaled 35 compared to last year’s 29 for an increase of 17%. The total amount of available attached listings 164 compared to last year at 171 for a negligible difference. The sales as a percentage against total available listings is 3%!
Lower Rd Recreational Waterfront
Land only
Land only sales also “took a hit” this past April with no registered sales at all. Year to date we have total dollar volume sales of $3,323,000. Last year we had reached $3,655,000 by the same time for a small difference of -10%. YTD unit sales for 2014 equal 17 compared to last year at 15.
What do all these numbers mean?
The detached market is enjoying the usual springtime upswing and it is nice to see this surpass last year’s numbers! As a seller you still need to show your home beautifully and be ready to sharpen your pencil when the offer does come in…don’t let that buyer go! Buyers, it’s still your market, however we are seeing some robust action in detached homes sales so you can still cut a very good deal but don’t wait too long as the home you want may be gone next week!
Attached sellers need to continue along the same path of excellent showability & sharp price! I am hoping the month of April’s downward blip is short lived and we will see increased sales again in May. If you want to be one of those sales then keep working with the process of making your condo or town home available and keeping it in good shape. Consider a price reduction to add an edge of competitiveness. If you are a buyer looking to get into the attached market then you have choice. There is the right one waiting for you at a more than reasonable price!
View of North Shore, islands and ocean on the Sunshine Coast BC
Land only sellers….what can I say…I’ve never seen a month with no sales! That is definitely a unique situation and unlikely to be repeated anytime too soon. Depending on the kind of property you have to sell, do everything you can to make it accessible. If you have raw land consider clearing a building site. Consider doing some tree clearing or limbing to provide a view. Anything you can do to paint the picture for a potential buyer is positive.
Buyers for bare land you have excellent options available to you. Acreages that can be subdivided or allow you to build multiple dwellings are available at very good prices! More modest lots close to the beach and good for holding or building can be had as well.
Whatever your idea is about selling or purchasing real estate let Ria and Russ assist you. Call us and we can go over your goals and provide you with a strategy to attain them!
Colouring Contest Winners!!!
/in Sunshine Coast Real Estate /by Ria QureshiPrudential Sussex Realty Grand Opening in Gibsons!
/in Sunshine Coast Real Estate /by Ria QureshiPrudential Sussex Realty Gibsons
You’re invited to the Grand Opening of our
new Prudential Sussex Realty office in Gibosns Park Plaza (IGA)
Saturday April 26 11am-3pm
117-1100 Gibsons Way
Russ and I are sponsoring a colouring contest for the kids!
Prizes include a chance to win 1 of 3 gift cards to GreatKids Toys, Games, Book Store!
CKAY FM on location!
BBQ, cake and coffee served.
Bring the kids, bring your friends, everyone welcome!!
Listen to our radio ad here >>>>
Hope to see you there!
Open Houses on the Sunshine Coast
/in Sunshine Coast Real Estate /by Ria QureshiOPEN HOUSE Saturday Apr. 19, 1-3pm
Open House at Fairmont Rd Gibsons BC Sunshine Coast
683 Fairmont Rd, Gibsons
$398,000
OPEN HOUSE Saturday Apr. 19, 1-3pm
Open House at 3-5471 Secret Cove Sunshine Coast BC
3-5472 Secret Cove Rd, Secret Cove
Boater’s Paradise
3 beds | 2 baths | immaculate | beautiful views | bare land strata | 1,982 sq ft
$327,500
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