Signs of recovery apparent in the attached real estate market on the Sunshine Coast BC

Signs of recovery are apparent in all categories across the board for the month of June as the economy “re-opens” in BC.

 

Both listings and sales for attached units were way up over both last month (3) and last year’s 10 sales. There were 14 strata sales for the entire Sunshine Coast of which 4 were in Gibsons, one of which was for the new Halyard development, and the other 10 in the Sechelt area include 2 for the new Edgewater complex.

 

Prices are holding steady and even the experts are not certain if a decline in pricing is in the near future. It could very well be the opposite depending on the quantity of new inventory and the number of Home Buyers that come to market. The Covid-19 melt-down has certainly got everyone guessing!

 

Mortgage rates are the lowest they have ever been, as 2.1% on a 5-year fixed mortgage is a possibility. So my advice is: if you see a home that suits you…go for it!

 

Due to the new protocols in place in the real estate world of Buying and Selling, as a Buyer’s Agent, I am happy to guide you and help you navigate these difficult times and doing so “safely”.

I will help you negotiate your best price, but be sure you have pre-approved financing in place before you make an offer. I can certainly help with some incentives you are probably not aware of, for a bonus on your accepted price.

 

The following is a list of new developments in Gibsons. Eagleview Heights is due to break ground this month. The Halyard is coming along and the other 3 have not yet started construction.

* 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.

 

If you are considering a purchase the best time is NOW to start the process.

Call or email me directly anytime with questions about our local market.

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Terri Murphy / 604-741-7774 / terri@coastlifestyles.ca / Coast Lifestyles Network

ReMax City Realty in Gibsons