Condo and Townhome Update for May 2020
Although May sales activity was far below average (as a result of Covid-19), there were encouraging signs of recovery, as both listings and sales were up over last month. There were, however, only 3 strata sales for the entire Sunshine Coast, of which 2 were in Gibsons and none of which were for Gibsons’ brand new developments below.
* 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 are 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.
Gibsons Northwoods 55+ complex and Parkrise saw the only 2 sales. To date, there are about 60 attached units available in Gibsons. Touchstone will be releasing their home sites for sale in the very near future, so stay tuned in or call me for more info.
I hope you are all healthy and doing well.
The market is definitely starting to pick up, and we are seeing huge activity in the past few weeks.
Many of you might have questions about the market and how to Buy & Sell safely. We have created a safety protocol for all our clients. As the economy “re-opens” and measures to mitigate the spread of Covid-19 ease, we expect home sales to rebound, aided by record-low mortgage rates and pent-up demand.
Current prices are determined by the reaction of supply and the impact of the pandemic. So far, we see the new listing inventory translating to home prices remaining relatively firm for 2020 with a possible increase going into 2021.
So if you are considering a purchase, the best time is NOW to start the process. Get a preapproval from your Lender, as we see multiple offers on value-priced properties.
I am a Buyer Specialist and will be happy to guide and represent you in your search. Call or email me directly anytime with questions about our local market. ⬇︎⬇︎
Coast Lifestyles Network – ReMax City Realty in Gibsons