616 bals lane Gibsons Heritage Hills Cottage

New Listing! Gibsons Heritage Hills Cottage Charmer With Views

Gibsons Heritage Hills cottage – 616 Bals Lane

Gibsons Heritage Hills cottage charmer with ocean and island views. Privacy and quiet are yours just minutes away from the hustle. This solid old-timer is lovingly updated with newer kitchen and bathroom. Large windows bring the outdoors in and wood burning fireplace makes it cozy. Start your Coast Lifestyle today!

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Data was last updated June 17, 2024 at 09:05 AM (UTC)
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Coast-Mountains-BC Sunshine coast

Shift In Buying Habits Trend Toward Condos, Townhomes And Land

The new year ushers in a shift in purchasing habits across the Sunshine Coast real estate market.


Condos, townhomes and bare land are trending on a high note while detached homes sales and prices are down.


Overall, the real estate market on the Sunshine Coast is strong with the HPI (Housing Price Index) up 23% over last year to $462,767 and trending in the positive for the long term.


Total dollar volume for the month of January is down 17.9% across the Sunshine Coast to $20,922,163.


Unit sales are down 19.6% over January 2016 with 45 homes and property sold, while the average price of all property is $464,937 up 2.2% and a sales success ratio of 16.5%.


The housing market continues to be competitive for home buyers on the Sunshine Coast with inventory levels of 489 available homes and land for sale, down 36% and 106 newly listed for sale in January.


Detached Home Sales


Detached home sales for the month of January on the Sunshine Coast settled at $16,458,087 down 36% from the month before. Unit sales totaled 32.


The average price of a detached home dipped 15% to $514,315 for the month of January.


The number of homes for sale remains unchanged at 211 units with 66 new homes listed for sale. Sales success ratio at 15%.


Condo, Townhome and Apartment Sales


Condo, townhome and apartment sales for the month of January on the Sunshine Coast totaled $4,464,076 double last month with unit sales doubling to 13.


The number of active attached homes for sale remained steady at 53 units with a sale success ratio of 24%.


Average price of an apartment, condo and townhome on the Sunshine Coast BC back-stepped 5% to $347,136.


Land-Only Sales


The Sunshine Coast land-only real estate market is on a roller-coaster ride with sales activity moving up and down drastically over the past few months.


Sales volume spiked to 230% in January with 15 units sold. The average price of bare-land property tripled to $689,706 with a sales-success ratio of 7%.


This months’ land-only sales are skewed by a very large sale at Pirate Blue Rd in Port Mellon, a 250+ acre property encompassing 39 titles and 4,300 feet of waterfront, sold this past month for $6,600,000.

Active listings totalled 225 with 24 newly listed land-only properties in January.


Sunshine Coast Real Estate Trends Summary


Sellers, be aware that prices are changing rapidly, week over week and seasonally, in all segments of the market. Sale prices quoted last month will necessarily be reviewed and revise.


Buyers, it remains to be prepared to move quickly to purchase your ideal home, which means having your financing and other contingencies in place. Multiple offers are not uncommon on certain properties and homes.


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 https://coastlifestyles.ca