Subscribe with RSS ReaderThere 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.
The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Greater Vancouver REALTORS® (GVR), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the GVR, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the GVR, the FVREB or the CADREB.
Comments:
Post Your Comment: