Home-buying competition is fierce on the Sunshine Coast BC
Home-buying competition is fierce on the Sunshine Coast BC with continuing price rises and low inventory levels breaking all 10-year averages.
Attached is a new format for tracking real estate sales across the Sunshine Coast with colourful graphics in an easy-to-read format.
Detached Home Sales
The average price of a detached home for the month of April 2017 is up 20% over last month to $723,030.
Inventory levels are up 18% along with a slight increase in sales to 67 homes which is expected this time of year.
Townhome and Condo Sales
Townhome and condo sales are up 13% to an average price of $396,199.
Twenty-two attached units sold in the month of April 2017 almost double last month with inventory level remaining even.
Land only sales double to 22 units in April 2017 over the previous month. The average price per property was $408,181 up 10% with 29 new listings on the market and 291 total properties for sale. Sales success ratio was 7.5% which is 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 https://coastlifestyles.ca