Market Update - December 2021
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Market Update - December 2021
Another variant and BC flooding could drive local Sunshine Coast demand
Uncertainty across Southern BC means sellers’ market might continue into 2022
Extremely low inventory on BC’s beautiful Sunshine Coast is resulting in multiple offers and high sales prices for those brave enough to sell without somewhere to go.
Flooding across other parts of BC and talk of new COVID variants will likely push more buyers our way so, even with interest rate hikes looming, we will likely continue with a sellers’ market into Q1 2022.
Here are the numbers for November as well as 2021 year-to-date.
NOVEMBER YEAR-OVER-YEAR (YOY)
November 2020 saw 133 total sales. 70 of them were single family detached and the average price of those homes was $882,000. The average time on market was 39 days, and the total dollar volume of sales was $97,941,000.
November 2021 had 87 total sales. 43 of them were single family detached houses with the average price of those homes being $1,103,000. The average time on market was 26 days, and the total dollar volume of sales was $83,540,000.
NOVEMBER YEAR TO DATE (YTD)
From January 1 to end of November 2020 saw 1,062 total sales. 583 of them were single-family detached, and the average price of those homes was $811,000. The average time on market was 42 days, and the total dollar volume of sales was $749,272,000.
From January 1 to end of November 2021, there have been 1,272 total sales. 628 of them were single family detached houses with the average price of those homes being $1,036,000. The average time on market has been 16 days, and the total dollar volume of sales was $1,096,724,000.
CURRENT DETACHED HOME INVENTORY LEVEL(S)
Gibsons - 20 homes for sale; 10 of them under $1M
Roberts Creek- 4 homes for sale; 1 under $1M
Sechelt - 32 homes for sale; 17 under $1M
Halfmoon Bay - 7 homes for sale; 3 under $1M
Pender Harbour - 11 homes for sale; 8 under $1M
TOTAL INVENTORY
74 detached homes listed: 39 under $1M
HOUSE FOR SALE: 660 Fairmont Road, Gibsons, BC - $879,000
Thanks to its excellent location, fabulous view, and secondary suite potential, 660 Fairmont Road in Gibsons, BC could be the perfect home for first-time buyers or investors looking to jump into Gibsons' real estate market.
Cute as a button and boasting a fantastic ocean view, this three-bedroom, two-bathroom home has an excellent layout and the potential to create a lower level suite.
Outside is a partially covered deck that’s been recently updated. Use this huge outdoor space for entertaining, exercising, or just enjoying the view. Inside is 1,648 square feet of living space spread over two levels. The top floor has a galley kitchen and an open concept living space that combines the dining area and living room.
Move-in ready homes at this price point sell quickly so don’t wait – hurry and call me today for more details.
Call me at 604-418-2695 for more info or to see the full listing on my website.
Photos from 660 Fairmont Road, Gibsons, BC
LAND FOR SALE: Lot 3, Priestland Road, Halfmoon Bay, BC - $449,000
Welcome Home to Bayview Hills in Halfmoon Bay, BC. This thoughtfully planned neighbourhood sits on a southwest-facing forested hillside and is surrounded by a spectacular rock bluff; trails; Provincial Parks; and beaches with views of the Salish Sea, Thormanby Island, and even Vancouver Island. Zoning allows an auxiliary dwelling.
Integrated with its natural setting, the neighbourhood will feature green space, a community garden, meandering bike paths, and forested nature trails just steps from your front door. You’re located directly in front of popular Coopers Green Park. This park’s beach, community hall, and public boat launch make it a favourite destination for locals and visitors alike.
You’re a short 15-minute drive to the town of Sechelt, 40 minutes to the Langdale ferry terminal, and approximately 1.5 hours from Vancouver.
Bayview Hills is an exceptional community you will be proud to call home!
Call me at 604-418-2695 for more info or to see the full listing on my website.
Coopers Green Park, Halfmoon Bay, BC
Coopers Green Park in Halfmoon Bay is a popular summertime destination for Sunshine Coast locals and visitors alike.
Just a 15-minute drive from Sechelt, Coopers Green has a host of amenities including a barbeque pit, washrooms, and a beach volleyball court. A popular location for SCUBA divers, there's also a swimming beach for the less adventurous.
Coopers Green also boasts one of the few public boat launches on BC's Sunshine Coast. There are a few parking spots for vehicles and boat trailers right in the park as well as a small overflow lot along Redrooffs Road.
As of 2021, there are plans to replace the current community hall with a modern facility. The SCRD website states that the new structure will be designed to host a variety of users and functions including weddings and birthday parties, concerts, fitness classes, and more.
Call Tony today!
If you’re not already working with an agent, call me when you’re ready to buy or sell and I’ll guide you through the busy and competitive real estate market on BC’s BEAUTIFUL Sunshine Coast.
Tony Browton - TrueBlueRealty.ca
Personal Real Estate Corporation
RE/MAX City Realty (Gibsons)
Mobile: 604-418-2695
Email: Click here to email Tony
⚠️ DISCLAIMER: This newsletter and its contents are not intended to cause or induce breach of any existing agency agreement.