RE/MAX Oceanview Realty | 604-885-4313

 
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RE/MAX

Oceanview Realty

5686 Cowrie St., Sechelt

Kiosk, Trail Bay Mall, Sechelt

Weekly REPORT

May 13- 19, 2014

At the beginning of this year we expressed cautious optimism about real estate activity on the Sunshine Coast. December and January were improved over the previous year and we noticed an increase in enquiries and showings as we moved toward Spring. After years of slower sales, we wondered, was a more positive trend developing? The latest statistics are showing the sort of improvement we had hoped for. Sales of detached homes for April rose 38% over last year, while year-to-date totals reveal an increase of 10%. And the price decreases that have characterized our market are showing signs of leveling off. However, with the supply of homes at over 700 and economic uncertainty still the reality, prices are not expected to go up. In fact, even modest over-pricing still hurts showings. It is more likely a balanced market could result if current conditions continue.

 ACCESS TO LISTINGS CLICK ON     http://www.remaxoceanview.com

 SALES THIS WEEK:  17 [SUNSHINE  COAST, ALL OFFICES]

DETACHED

ATTACHED

LAND

OTHER

16

0

0

1

 

PRICE RANGE

0 - 300K

$300K - $500K

$500K - $1M

$1M+

2

5

9

1

 

AREA

PENDER H.

HALFMOON B

SECHELT

ROBERTS C

GIBSONS

1

2

8

1

5

 

NEW LISTINGS THIS WEEK: 38                         PRICE REDUCTIONS

DETACHED

ATTACHED

LAND

 

        15

28

5

5

 

 

CURRENT LISTINGS:   1301

DETACHED

ATTACHED

LAND

LOW – HIGH

735

164

402

745   -   1390

 DET’D  SALES to LIST RATIO9%

                                                 9%            15%                    22%+

SALES/LIST

RATIO

           BUYERS

 MARKET

      BALANCED

        SELLERS     

         MARKET

:

*The Sales/Listings Ratio is a guide to market conditions. A value below 15 favours buyers.

15 – 22 reflects a balanced market and over 22 gives the advantage to sellers.

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