2022
SUNSHINE COAST MARKET NEWS



The BC Government has introduced a "Cooling Off Period"

Information on the Cooling Off Period - Key Facts
  • Effective as of January 1, 2023

  • Buyers will have three days to back out of a residential purchase after signing a contract;

  • Buyers who back out of a contract within this three-day period will have to pay the seller a rescission (cancellation) fee of 0.25%.
    (example; if the buyers exercises the right of rescission on a $1-million home, they’d be required to pay the seller $2,500)


Make informed real estate decisions by keeping up to date on the current market conditions and stats.

We are always available to chat about how these changes may effect your real estate goals.


Neal & Tracy at 604 808.8801

AUGUST 2022

Posted September 3, 2022

Detached Properties: 22 sales
Average days on market: 41
Average list price: $1,251,518
Average sale price: $1,193,813

Current Inventory:  228 listings




Attached Properties: 3 sales
Average days on market: 59
Average list price: $604,900
Average sale price: $583,633

Current Inventory: 43 listings




Land Sales: 3 sales 
Average days on market: 48
Average list price: $633,262
Average sale price: $499,333

Current Inventory:  75 listings




Manufactured Homes 0 sales
Average days on market: n/a
Average list price: n/a
Average sale price: n/a

Current Inventory: 25 listings

JULY 2022

Posted August 5, 2022

Detached Properties: 16 sales
Average days on market: 43
Average list price: $1,309,687
Average sale price: $1,224,875

Current Inventory: 241 listings




Attached Properties: 10 sales
Average days on market: 39
Average list price: $745,750
Average sale price: $740,050

Current Inventory: 38 listings




Land Sales: 3 sales 
Average days on market: 79
Average list price: $494,633
Average sale price: $482,918

Current Inventory:  79 listings




Manufactured Homes 3 sales
Average days on market: 24
Average list price: $442,966
Average sale price: $421,666

Current Inventory: 21 listings

JUNE 2022

Posted July 4, 2022

Detached Properties: 22 sales
Average days on market: 41
Average list price: $1,240,444
Average sale price: $1,236,028

Current Inventory: 228 listings




Attached Properties: 3 sales
Average days on market: 9
Average list price: $559,316
Average sale price: $544,983





Land Sales: 7 sales 
Average days on market: 10
Average list price: $406,571
Average sale price: $406,928





Manufactured Homes 2 sales
Average days on market: 2
Average list price: $489,000
Average sale price: $484,500

Current Inventory: 25 listings

May 2022

Posted June 7, 2022

Detached Properties: 40 sales (11 sold over list price and 7 sold at list price)
Average days on market: 13
Average list price: $1,201,334
Average sale price: $1,191,188

Current Inventory: 203 listings




Attached Properties15 sales  (5 sold over list price and 4 sold at list price)
Average days on market: 15
Average list price: $632,273
Average sale price: $643,108

Current Inventory: 34 listings




Land Sales
4 sales  (2 sold over list price)
Average days on market:  14
Average list price: $564,225
Average sale price: $564,500


Current Inventory:  67 listings




Manufactured Homes 3 sales
Average days on market: 65
Average list price: $592,600
Average sale price: $583,300


Current Inventory: 15 listings

April 2022

Posted May  8, 2022

Detached Properties: 55 sales (24 sold over list price and 10 sold at list price)
Average days on market: 18
Average list price: $1,274,658
Average sale price: $1,281,609

Current Inventory: 142 listings




Attached Properties: 16 sales  (4 sold over list price and 5 sold at list price)
Average days on market: 9
Average list price: $645,062
Average sale price: $649,376

Current Inventory: 40 listings




Land Sales: 13 sales  (2 sold over list price and 6 sold at list price)
Average days on market:  207
Average list price: $529,869
Average sale price: $536,007

Current Inventory:  56 listings




Manufactured Homes 4 sales
Average days on market: 28
Average list price: $551,925
Average sale price: $529,675


Current Inventory: 11 listings

March 2022

Posted April 12, 2022

Detached Properties: 67 sales ( 30 sold over list price and 11 sold at list price)
Average days on market: 15
Average list price: $1,159,552
Average sale price: $1,194,092

Current Inventory: 121 listings




Attached Properties20 sales  (8 sold over list price and 4 sold at list price)
Average days on market: 35
Average list price: $667,720
Average sale price: $679,140


Current Inventory: 48 listings




Land Sales: 14 sales  (7 sold over list price and 3 sold at list price)
Average days on market:  107
Average list price: $592,899
Average sale price: $583,842


Current Inventory:  61 listings




Manufactured Homes 4 sales
Average days on market: 43
Average list price: $484,475
Average sale price: $480,475



Current Inventory: 1 listings

February 2022

Posted March 10, 2022

Detached Properties: 45 sales ( 23 sold over list price and 6 sold at list price)
Average days on market: 21
Average list price: $1,282,936
Average sale price: $1,297,238

Current Inventory: 81 listings




Attached Properties15 sales  (4 sold over list price and 4 sold at list price)
Average days on market: 35
Average list price: $776,113
Average sale price: $773,386

Current Inventory: 42 listings




Land Sales: 12 sales  (6 sold over list price and 2 sold at list price)
Average days on market:  107
Average list price: $559,241
Average sale price: $571,458

Current Inventory:  53 listings




Manufactured Homes 0  sales
Average days on market: n/a
Average list price: n/a
Average sale price: n/a


Current Inventory: 4 listings

January 2022

Posted  February 9, 2022

Detached Properties: 32 sales ( 10 sold over list price and 3 sold at list price)
Average days on market: 35
Average list price: $1,038,590
Average sale price: $1,029,852

Current Inventory: 68 listings




Attached Properties:
13 sales  (5 sold over list price and 5 sold at list price)
Average days on market: 35
Average list price: $491,838
Average sale price: $502,661

Current Inventory: 48 listings




Land Sales: 13 sales  (5 sold at list price and 3 sold over list price)
Average days on market:  99
Average list price: $445,319
Average sale price: $439,426

Current Inventory:  53 listings




Manufactured Homes: 2 sales
Average days on market: 39
Average list price: $587,500
Average sale price: $568,500


Current Inventory: 3 listings
December 2021
Posted  January 4, 2022
Detached Properties20 sales ( 3 sold over list price and 4 sold at list price)
Average days on market: 55
Average list price: $1,255,575
Average sale price: $1,223,135

Current Inventory: 57 listings



Attached Properties
9 sales  (4 sold over list price and 2 sold at list price)
Average days on market: 53
Average list price: $538,177
Average sale price: $537,077

Current Inventory: 34 listings



Land Sales
8 sales  (3 sold at list price)
Average days on market:  85
Average list price: $373,300
Average sale price: $355,686


Current Inventory:  57 listings



Manufactured Homes
1 sales (sold over list price )
Average days on market: 5
Average list price: $525,000
Average sale price: $520,000


Current Inventory: 6 listings
November 2021
Posted  December 6, 2021
Detached Properties40 sales ( 16 sold over list price and 3 sold at list price)
Average days on market: 43
Average list price: $1,152,949
Average sale price: $1,150,226

Current Inventory: 94 listings



Attached Properties
11 sales  (5 sold over list price and 3 sold at list price)
Average days on market: 39
Average list price: $562,127
Average sale price: $561,809

Current Inventory: 36 listings



Land Sales
8 sales  (3 sold at list price)
Average days on market:  69
Average list price: $557,450
Average sale price: $530,540


Current Inventory:  78 listings


Manufactured Homes
1 sales (sold over list price )
Average days on market: 1
Average list price: $232,500
Average sale price: $265,000

Current Inventory: 7 listings
October 2021
Posted  November 2, 2021
Detached Properties29 sales ( 12 sold over list price and 5 sold at list price)
Average days on market: 29
Average list price: $1,361,013
Average sale price: $1,385,922

Current Inventory: 110 listings



Attached Properties
16 sales  (4 sold over list price and 4 sold at list price)
Average days on market: 38
Average list price: $592,831
Average sale price: $589,389

Current Inventory: 50 listings



Land Sales
3 sales  (2 sold over list price)
Average days on market:  138
Average list price: $462,966
Average sale price: $440,000


Current Inventory:  71 listings


Manufactured Homes
5 sales (2 sold over list price and 1 sold at list price)
Average days on market: 7
Average list price: $399,580
Average sale price: $395,000

Current Inventory: 4 listings
September 2021
Posted  October 6, 2021
Detached Properties29 sales ( 11 sold over list price and 7 sold at list price)
Average days on market: 15
Average list price: $1,035,151
Average sale price: $1,042,596

Current Inventory: 132 listings



Attached Properties
17 sales  (1 sold over list price and 3 sold at list price)
Average days on market: 17
Average list price: $540,042
Average sale price: $532,978

Current Inventory: 60 listings



Land Sales
9 sales  (2 sold over list price)
Average days on market:  45
Average list price: $491,166
Average sale price: $472,444


Current Inventory:  94 listings



Manufactured Homes
2 sales
Average days on market: 7
Average list price: $232,450
Average sale price: $217,500

Current Inventory: 14 listings
August 2021
Posted  September 3, 2021
Detached Properties65 sales ( 13 sold over list price and 4 sold at list price)
Average days on market: 34
Average list price: $1,277,295
Average sale price: $1,261,975

Current Inventory: 129 listings



Attached Properties
11 sales  (2 sold over list price and 3 sold at list price)
Average days on market: 63
Average list price: $681,709
Average sale price: $667,395

Current Inventory: 55 listings



Land Sales
3 sales 
Average days on market:  18
Average list price: $856,000
Average sale price: $869,666


Current Inventory:  77 listings



Manufactured Homes
6 sales
Average days on market: 43
Average list price: $328,333
Average sale price: $319,166

Current Inventory: 9 listings
July  2021
Posted  August 5, 2021
Detached Properties40 sales ( 12 sold over list price and 6 sold at list price)
Average days on market: 34
Average list price: $1,129,157
Average sale price: $1,121,211

Current Inventory: 180 listings



Attached Properties
5 sales  (2 sold over list price and 2 sold at list price)
Average days on market: 77
Average list price: $409,900
Average sale price: $400,000

Current Inventory: 65 listings



Land Sales
11 sales 
Average days on market:  120
Average list price: $229,000
Average sale price: $250,000

Current Inventory:  76 listings



Manufactured Homes
1 sale
Average days on market: 7
Average list price: $499,000
Average sale price: $556,000

Current Inventory: 21 listings
June  2021
Posted  July 5, 2021
Detached Properties30 sales ( 12 sold over list price and 2 sold at list price)
Average days on market: 18
Average list price: $1,115,938
Average sale price: $1,099,478


Current Inventory: 166 listings



Attached Properties
9 sales  (3 sold over list price and 4 sold at list price and 7 sold within 7 days on the market)
Average days on market: 7
Average list price: $523,755
Average sale price: $524,944

Current Inventory: 56 listings



Land Sales
5 sales 
Average days on market:  291
Average list price: $605,800
Average sale price: $567,600


Current Inventory:  79 listings



Manufactured Homes
No sales
Average days on market: n/a
Average list price: n/a
Average sale price: n/a


Current Inventory: 19 listings
MAY  2021
Posted  June 8 2021
Detached Properties36 sales
Average days on market: 23
Median days on market: 7 (19 sold within 7 days)
Average sale price: $983,137

Current Inventory: 144 listings



Attached Properties
23 sales  (9 sold over list price & 2 sold at list price)
Average days on market: 28
Average list price: $609,217
Average sale price: $608,052

Current Inventory: 51 listings



Land Sales
14 sales  (5 sold over list price and 3 sold at list price)
Average days on market:  48
Average list price: $542,842
Average sale price: $541,307

Current Inventory:  81 listings



Manufactured Homes
1 sale
Average days on market: 2
Average list price: $244,900
Average sale price: $250,000


Current Inventory: 8 listings
APRIL  2021Posted  May 7, 2021
Detached Properties62 sales
Average days on market: 18
Median days on market: 8 (35 sold within 8 days)
Average sale price: $1,060,159

Current Inventory: 172 listings



Attached Properties
45 sales  (15 sold over list price & 13 sold at list price)
Average days on market: 48
Average list price: $535,564
Average sale price: $535,038

Current Inventory: 45 listings



Land Sales
16 sales  (2 sold over list price)
Average days on market: 136
Average list price: $468,662
Average sale price: $462,075


Current Inventory:  119 listings



Manufactured Homes
4 sales
Average days on market: 16
Average list price: $486,725
Average sale price: $492,998


Current Inventory: 8 listings
MARCH 2021 Posted April 7, 2021Detached Properties70 sales  (36 sold over list price & 8 sold at list price)
Average days on market: 26
Median days on market: 6 (55 sold within 15 days)
Average sale price: $1,064,867
Median sale price: $874,000

Current Inventory:  151 listings


Attached Properties
19 sales  (4 sold over list price & 6 sold at list price)
Average days on market: 109
Average sale price: $687,264




Current Inventory: 52 listings


Land Sales
16 sales  (2 sold over list price)
Average days on market: 155
Average sale price: $635,750





Current Inventory:  121 listings


Manufactured Homes
5 sales
Average days on market: 18
Average sale price: $356,879





Current Inventory: 11 listings
FEBRUARY 2021 Posted March 2, 2021Detached Properties44 sales  (14 sold over list price & 3 sold at list price)
Average days on market: 45
Average sale price: $1,091,222

Current Inventory:  120 listings


Attached Properties
16 sales  (6 sold over list price & 3 sold at list price) 9 condos and 7 townhouses
Average days on market: 34
Average sale price: $585,219

Current Inventory: 58 listings


Land Sales
19 sales 
Average days on market: 194
Average sale price: $445,616



Current Inventory:  121 listings


Manufactured Homes
2 sales
Average days on market: 6
Average sale price: $207,200


Current Inventory: 11 listings
JANUARY 2021
Posted February 2, 2021Detached Properties23 sales (3 sold over list price & 3 sold at list price)
Average days on market: 56
Average sale price: $915,334

Current Inventory:  124 listings



Attached Properties
13 sales

Average days on market: 126
Average sale price: $521,461


Current Inventory: 59 listings



Land Sales
16 sales (2 sold over list price)
Average days on market: 155
Average sale price: $635,750


Current Inventory:  121 listings



Manufactured Homes
1 sale at Ponderosa Pines Park
Average days on market: 150
Average sale price: $115,000


Current Inventory:  9 listings
2020 YEAR IN REVIEW



SALES VOLUME

The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in 2020 were up 22.1% from 2019 and up by 25.7% from 2018. There were a total of 30,944 in 2020, a 22.1 per cent increase from the 25,351 sales recorded in 2019, and a 25.7 per cent increase from the 24,619 homes sold in 2018.  2020 year’s sales total was 2.8 per cent below the 10-year sales average.

MLS LISTINGS  VOLUME

The number of new home listings on the Multiple Listing Service® (MLS®) in 2020 were up 4.6% from 2019 and up 1.3% from 2018. Metro Vancouver reached 54,305 mls® listings in 2020 compared to the 51,918 homes listed in 2019 and a 1.3 per cent increase compared to the 53,614 homes listed in 2018. Last year’s listings total was 2.7 per cent below the region’s 10-year average

When the Covid 19 pandemic began in March, we all took a pause and the real estate market slowed right down. Sellers were hesitant to list their home for sale and buyers were staying home and safe.  However, the need for housing does not simply go away away in a time of crisis.  Housing needs actually increase but for many different reasons. The pent up demand from this pause hit the Sunshine Coast hard with record breaking sales volume in the spring and summer months with many buyers and families coming from Greater Vancouver looking to get away from the city and make the Sunshine Coast home.


We continue to work closely within public health official guidelines and take all precautions and follow all protocols to keep our clients and the public safe. If you're looking to make a move in 2021 please give us a call for a zoom / video call to learn more about the current market conditions and how we can help.


Neal & Tracy Uchida

604 808.8801
December 2020 Market News

Detached Properties
29 sales
Average days on market: 64
Average sale price: $1,035,793

Posted January 5, 2020
Current Inventory:  111 listings


Attached Properties
12 sales
Average days on market: 85
Average sale price: $450,025


Current Inventory:  66 listings


Land Sales
6 sales
Average days on market: 163
Average sale price: $359,166


Current Inventory:  130 listings


Manufactured Home Sales
1 sale on a .91 acre lot
Average days on market: 37
Average sale price: $765,000


Current Inventory:  9 listings
November 2020 Market News

Detached Properties
51 sales
Average days on market: 43
Average sale price: $918,116

Posted December 7, 2020
Current Inventory:  155 listings


Attached Properties
7 sales
Average days on market: 95
Average sale price: $419,842


Current Inventory:  41 listings


Land Sales
17 sales
Average days on market: 133
Average sale price: $427,125


Current Inventory:  145 listings


Manufactured Home Sales
1 sale
Average days on market: 18
Average sale price: $306,000


Current Inventory:  11 listings
The Real Estate Board of Greater Vancouver posts last month’s sales up 24.6 per cent above the 10-year November sales average and was the second highest total in this period. “Home buyer demand has been at near record levels in our region since the summer,” Colette Gerber, REBGV Chair said. “This is putting upward pressure on home prices, particularly in our detached and townhome markets.

"Within the region, the Sunshine Coast saw the largest increase in year-over-year demand with 106 home sales in November 2020, an 82.8 per cent increase over November 2019 (58). 

“While demand remained elevated across the region, home buyer activity was particularly focused in more remote areas like the Sunshine Coast, Gulf Islands and Squamish,” Colleen Gerber said. “The rise of work-from-home arrangements and physical distancing policies is causing some home buyers to opt for less densified areas.”
OCTOBER 2020 Market News

Detached Properties
43 sales
Average days on market: 53
Average sale price: $1,018,199

Posted November 1, 2020
Current Inventory:  196 listings


Attached Properties
22 sales
Average days on market: 125
Average sale price: $480,867


Current Inventory:  87 listings


Land Sales
16 sales
Average days on market: 260
Average sale price: $334,281


Current Inventory:  168 listings


Manufactured Home Sales
3 sales
Average days on market: 48
Average sale price: $348,666


Current Inventory:  11 listings
September 2020 Market News

Detached Properties
90 sales
Average days on market: 66
Average sale price: $868,391


Attached Properties
31 sales
Average days on market: 80
Average sale price: $498,916


Land Sale
11 sales
Average days on market: 262
Average sale price: $427,727


Manufactured Home Sales
6 sales
Average days on market: 195
Average sale price: $396,333
August 2020 Market News

Detached Properties
95 sales
Average days on market: 58
Average sale price: $882,622


Attached Properties
31 sales
Average days on market:  123
Average sale price: $522,735


Land Sale
19 sales
Average days on market: 261
Average sale price: $404,588


Manufactured Home Sales
3 sales
Average days on market: 221
Average sale price: $$541,333