Gibsons Condo and Townhouse Update for January 2020

GIBSONS CONDO AND TOWNHOUSE UPDATE

January 2020

 

January’s sales for attached homes for the whole Sunshine Coast indicate no change from January last year with only seven sales for the month (3 in Gibsons). These stats, however, can be better explained with information and details on brand new developments, of which there are five in the Town of Gibsons alone.

 

* Maplewood: 28 townhomes next to the Gibsons Community Centre.

* The Halyard: 12 townhomes & garden suites located between Lower & Upper Gibsons.

* Eagleview Heights: 87 condos, garden suites and townhomes with gorgeous views.

* Cote: 4 luxury view condos overlooking Gibsons Marina.

* Touchstone at Gospel Rock: 49 condos and 22 townhomes for sale now, with approximately 350 homes in total to be built in this master-planned oceanfront community.

 

I will discuss one of these new developments every month starting with Touchstone because as you can see…it is an extraordinary number of new homes coming to the Gibsons area over the next few years. I am a Buyer’s Agent and Sunshine Coast Strata Specialist and will be happy to guide you and represent you in your search for a new home! You will have lots of questions and I will have or find all the answers for you.

 

TOUCHSTONE AT GOSPEL ROCK

This is a stunningly beautiful oceanfront community on 23 acres of picturesque parkland. Touchstone Village will have a Central Plaza, boutique Hotel with lots of amenities, and the Greenland Trail will inspire an active lifestyle as it connects the Village residents to three parks contained in 5 acres of forest, oceanfront rock and grassland walkways all the way down to Secret Beach.

 

The Village Residences complex has 49 homes on 4 floors for sale and 22 other townhomes in Building D are available for sale now also. Price and size range from $395,000 – $870,000 and from 664 – 1,772 sq. ft., however, 45% of the Residence homes are already SOLD! Sales began last October, however, they were not reflected on the MLS system, which is why the Real Estate Board of Greater Vancouver (REBGV) reported stats are incomplete.

 

There have been more sales reported for attached homes on the Sunshine Coast, for sure!

 

Estimated completion for The Residences is Fall 2022 and Spring 2023 for townhomes. There will also be (coming soon) homesites available to purchase for you to build detached home. There are still some pretty nice incentives and perks for early bird purchasers of The Residences, which I look forward to discussing with you. Call me for more info.

 

The website to view is TOUCHSTONEGIBSONS.COM and you can register with my name as your Real Estate Agent, but perhaps call or email me anytime for more details about this exciting new development.

 

I would love to hear from you!

 

Terri Murphy
604-741-7774

terri@coastlifestyles.ca

Coast Lifestyles Network – Re/Max City Realty in Gibsons

Coast-lifestyles-network-terri-murphy-laugh

What’s a Buyer’s Specialist, anyway?

What’s a Buyer’s Specialist, anyway?

 

At Coast Lifestyles Network, we are committed to providing valuable advice and impactful practices to help guide our clients through the process of buying, selling and investing in real estate on the Sunshine Coast BC.

 

As a real estate “Buyer’s Specialist,” Terri Murphy works exclusively with home buyers and investors who want to call the Sunshine Coast home or a home-away-from-home. 

 

A Buyer’s Specialist offers expertise and guidance in a supportive environment as you navigate all the steps necessary to make a successful home or property purchase.

Terri’s focus is on helping clients in the purchasing process by providing knowledge and access to:

 

  • a diverse range of properties that meet your criteria
  • property details and insights including zoning and bylaws
  • mortgage and financing costs with ancillary services
  • due diligence, moving and closing costs
  • government taxes, grants and rebates
  • negotiating skills to secure your best price and terms
  • bringing your new home to completion with ease and grace

 

A personal note to homebuyers from Terri: 

 

Professionalism: Knowledge, education and experience go a long way, but the key to a successful outcome in the real estate business is exercising sound judgement and offering sound advice and this is where my expertise shines. It is a reflection of my character and skill. Professional judgement is about doing things the best way – without shortcuts. Because the best way exists for a reason – to reduce risk and better protect my clients. Even when the risk of a shortcut may appear small, I know from observing other colleagues that a situation can quickly spiral out of control. As your Realtor, you can rely on my judgement and advice, even when that means more time and effort on my part.

 

Communication: When I work with a client, I ensure we are on the same page because few things are as important as communicating clearly and honestly. I begin by discussing my services using plain language. I never assume that a client understands technical terms or industry jargon. It’s important to have a comprehensive understanding of what to expect in the sales process. I frequently communicate in the preferred mode best suited to a client, to provide sound, accurate advice to fulfill my obligations to clients who understand the value of working with a regulated real estate professional.

 

I follow through on written and verbal promises and provide an honest timeline for achieving your goal. Integrity always comes first! I will assist you through the entire process and beyond, promoting your best interests, providing options and sound advice reflecting your circumstances.

 

I love the Sunshine Coast….so let me tell you more and make you a convert to this vibrant and beautiful community!

 

When you work with Terri Murphy, be assured you have chosen the right agent to represent your best interests while achieving your real estate goals and dreams!

 

Learn all you need to know to make a successful real estate purchase on the Sunshine Coast with Coast Lifestyles Network. Start the coastal lifestyle you’ve always dreamed of today!

 

Contact Terri Murphy directly:

Send an email to terri@coastlifestyles.ca 

Call/text Terri’s cell phone at 604-741-7774

vancouver and snowy coast mountains

Sunshine Coast Residential Real Estate Sales Statistics for January 2020

January brought us snow and freezing weather (along with a few spring-like days) and the months results for real estate sales show we are at the very bottom of our annual sales cycle here on the Sunshine Coast.

 

This is how it breaks down:

 

Detached sales reached $16,944,000 in dollar volume surpassing this month last year by 25%.  Sales volume was only up 10% to 21 units sold. Two large sales between $2 – 3 million are skewing the dollar volume results.  Available inventory is down 14% to 235 units.  With that in mind, our sales success ratio is approximately 9% which is “Buyer’s Market” territory.  The median sale price (the home that sold in the middle of the value range) for a detached home in January was $650,000.

 

Condo and Town Home sales were down 38% in dollar volume to $2,703,000.  Unit sales were dead even with 7 units sold. Available inventory is up to 115 units which are an increase of 121% over last year.  This means our sales success ratio in the attached market is 6%.  This is not unusual for January but does indicate a strong buyer’s market.  The median sales price (the home that sold in the middle of the value range) for a condo/townhome was $345,000.

 

Land only sales in January were down 85% in dollar volume to $487,000 and down in unit sales by 72% to 3 sales. Available inventory is up 14% over this time last year to 208 land only properties for sale.  The median sales price for the land was $139,000.  With a 1.25% sales success ratio, we are definitely in the trough of the annual Sunshine Coast sales cycle.

 

For both buyers and sellers, January is almost always a very slow month for sales.  This will pass over February (depending on weather) and certainly by March.  Hang tight!