21 735 Park road coast lifestyles network

New Listing Townhome at Sherwood Grove 21 735 PARK Road in Gibsons

New listing:

21 735 PARK Road in Gibsons

Well kept townhome in Sherwood Grove with zero deferred maintenance. Cozy home is a perfect fit for everyone from first-time buyers, “empty nesters” and price-conscious families. Siding onto the common area green space provides privacy and a play area.

More details >>>

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  • 21 735 PARK Road in Gibsons: Gibsons & Area Townhouse for sale in "Sherwood Grove" (Sunshine Coast) : MLS®# R2319174

    21 735 PARK Road Gibsons & Area Gibsons V0N 1V7
    Main Photo: 21 735 PARK Road in Gibsons: Gibsons & Area Townhouse for sale in "Sherwood Grove" (Sunshine Coast)  : MLS®# R2319174
    $429,000
    Residential Attached
    Status:
    Sold
    MLS® Num:
    R2319174
    Bedrooms:
    3
    Bathrooms:
    2
    Floor Area:
    1,495 sq. ft.
    Here is your opportunity to enjoy location, value and a move in ready home! This lovely 3 bedroom end unit is large at 1495 sqft and pride of ownership shines through. Well kept with zero deferred maintenance to deal with. Cozy enough to be close to family and large enough to enjoy separation when needed. This is the perfect fit for everyone from first time buyers, "empty nesters" and price conscious families. Siding onto the common area green space provides privacy and play area. Cats and dogs allowed and the community center is a two minute walk across the street! Price, location and value! More details
    Listed by Royal LePage Sussex
    Russ Qureshi, PREC, Assoc. Broker
    Jon McRae, PREC
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Data was last updated July 18, 2024 at 12:10 AM (UTC)
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cannabis legalization in bc canada

Cannabis Legalization and Your Real Estate Investment in BC Canada

To Grow or Not to Grow – Cannabis Legalization

Cannabis legalization was a big day across Canada with the recreational growing and consumption of cannabis for personal use. For those of our clients that enjoy this product, it is a good day….BUT…as your real estate advisors, we would ask you to carefully consider if you really want to turn your home into a grow op!  Some details have yet to be worked out.

Here’s what you need to know about Cannabis Legalization and Your Real Estate Investment in BC Canada:

  •  Disclosure – even though it is now legal, if you are selling your home, you still need to disclose if you have used any room in your home, or even if you have an exterior area, to grow marijuana.
  •  How will this affect yours and/or a buyers ability to get home insurance?  This is unknown as many insurers have not created policy around this question.
  •  How will this affect the ability to finance a purchase?  This is also unknown but may affect the sale of your home in a negative way.
  •  If you live in strata, how does your council intend to “regulate” the growing of marijuana plants in individual units?  Are your strata on top of this?
  •  If you own a rental property and have not addressed this issue with your tenants, in writing, then you should get on that immediately.
These are just some of the questions that are coming hand in hand with marijuana legalization.  I’m certain there will be more details and questions as we navigate through this time of transition.

Are you considering growing at home?

If you are considering growing your own marijuana, and you are also considering selling in the future,  please think about how the disclosure of your “grow-op” may reduce the value of your home.

Buyers

If you are considering buying over the next while making sure you check the property condition statement to see if the home or property has been used as a grow-op at any point in the past.  We would also advise requiring the seller to provide a warranty (guarantee) that the home and property have never been used as a grow-op.

Landlords

If you are a landlord please amend any rental agreement you have with an addendum stating your policy on growing marijuana in the rental home or anywhere on the rental property.
Coast Lifestyles Network will keep you informed of developments on how marijuana legalization will affect real estate.  If you have any questions please call Russ, Ria or Terri and we are happy to discuss it with you!
pender harbour sunshine coast bc

Sunshine Coast real estate market declines 39% from last years’ highs

The stats are in for September and the Sunshine Coast real estate market continues to decline significantly from last years’ highs. Lets break it down:

 

Detached Sales

 

Detach sales are down in both units and dollar volume.  The Sunshine Coast real estate market has declined 39% from last years’ highs with only 37 sales last month from last year.  Total dollar volume came in at $25,4440,000 which is down 41% from last year. The average price for a detached home also fell from $750,000 to $690,000.  This is a 8% drop.

 

Year to date the average price is still up 6% at $743,000 over last years $700,000.  Total unit sales this year are down 24% to 421. The total units available for sale is up 25% to 383.  Our closing ratio (total sales against available inventory) is 9.6% putting us in a buyers market for the first time in 36 months!

 

Condos and Town Home Sales

 

Condos and town home sales are down for both units and dollar volume. We saw 8 units sold compared to last years’ 17 units. Total dollar volume came in at $4,605,000 which is down 30% from last year.  The average price of an attached home in September is a bit skewed at $549,000.  The reason for the skewing was some high priced waterfront sales (879k and 794k respectively). The average price is up over last year by 22%.

 

Year to date we see that dollar volume is down 32% to $52,800,000 and unit sales closely match at 116 which is down 37% over last year.  Total units available for sale are up 24% to 62.  Our closing ratio is 12.9% showing this segment of the market to be balanced.

 

Land Only Sales

 

Land only sales are down slightly. September enjoyed 18 units sales…down only 1 unit compared to last year. Total dollar volume is down 14% to $8,000,000.  The average price of bare land is down 7% to $600,000 but, of course, prices vary greatly depending on size and location.

 

Year to date we have seen the dollar volume slip 26% to $49,000,000 and units sales have slipped 21% to 126. Total available units for sale are down 8% to 200.  Our closing ratio is 9% keeping land only properties in a buyers market.

 

Market considerations for home buyers and sellers

 

While the portion of the market that includes folks that have to sell or buy continues, those buyers that enjoy the luxury of creating their own timing are waiting “to see what happens”.  The successful sellers are leading the market by asking a price that is not only competitive but off the astronomical highs of this past spring.

There is a lot of uncertainty around the provincial budget and municipal elections.  Once the provincial budget is tabled and the elections are finished we should see a surge of sales until just prior to Christmas.

 

If you are considering entering the market contact Russ, Ria or Terri at Coast Lifestyles Network for market intelligence!