RE/MAX Oceanview Realty | 604-885-4313

OCT. 8, 2012

There were 13 sales on the Sunshine Coast, Oct 2 - 8, inclusive

 

SALES:     7 detached homes, 4 attached, and 2 land.

PRICE RANGE: 0 - $300K: 6 sales;         $300K - 500k: 4 sales;          $500K - $1M: 2 sales;        $1M+: 1 sale

AREA: PENDER HARBOUR: 2;   HALFMOON BAY: 0;   SECHELT: 7;   ROBERTS CREEK:0;   GIBSONS: 4

NEW LISTINGS: 35

CURRENT LISTING COUNT: 1301 [LOW: 745, HIGH 1390]

SALES TO LIST RATIO: 4.5%  [0 -15% favour Buyers, 15 - 22% is balanced; 22%+ = Seller's market]

 

As the 3rd quarter of 2012 draws to a close, we can report that the numbers of sales on the Sunshine Coast is up 5.5% over this time last year. However, we also note that prices across most categories have dropped 5 - 7%. How can sales increase, but prices go down? The market is largely driven by supply and demand. We still have a large supply of listings. Even though the demand has increased, it still has not reached a level sufficient to stabilize prices. 

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