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.