Market Update - May 2021

Posted on May 02, 2021 in Sunshine Coast, BC Real Estate Podcast



The essential travel order seems to have been taken to heart by many potential home buyers. Although the market is still red hot, there was a definite reduction in showing requests for listed property in the last two weeks of April.

Once travel restrictions are lifted, I expect there to be another surge of buyers heading our way. If you are on the fence about buying, the next few weeks may be your best opportunity for a while.  

Notwithstanding the above, we are still very much in a Sellers' market. Here are the numbers for April and this year to date.

APRIL YEAR-OVER-YEAR (YOY)

  • April 2020 saw 31 total sales: 20 of them were single-family detached and the average price of those homes was $816,000. The average time on market was 58 days, and the total dollar volume of sales was $38,309,000.
  • APRIL 2021 had 135 total sales: 68 of them were single-family detached houses with the average price of those homes being $1,003,000. The average time on market has been 10 days, and the total dollar volume of sales was $119,100,000.

YEAR TO DATE - YOY

  • From January 1 to end of April 2020 saw 176 total sales: 99 of them were single-family detached, and the average price of those homes was $709,000. The average time on market was 52 days, and the total dollar volume of sales was $127,865,000.
  • From January 1 to end of April 2021 had 515 total sales: 241 of them were single-family detached houses with the average price of those homes being $981,000. The average time on market has been 15 days, and the total dollar volume of sales was $415,757,000.

CURRENT DETACHED HOME INVENTORY LEVEL(S)

  • Gibsons – 44 homes for sale; 22 of them under $1M
  • Roberts creek – 12 homes for sale; 3 under $1M
  • Sechelt – 57 homes for sale; 27 under $1M
  • Halfmoon Bay – 23 homes for sale; 7 under $1M
  • Pender Harbour – 22 homes for sale; 10 under $1M
  • TOTAL INVENTORY – 158 detached homes listed; 69 under $1M

CALL TONY TODAY

We're living through what may be remembered as a once-in-a-lifetime real estate market. There's a small window of opportunity for buyers in May but it could be short lived.

Call me if you're not already working with an agent and I'll guide you through the very fast-moving Sunshine Coast real estate market.

Tony Browton - TrueBlueRealty.ca
Personal Real Estate Corporation
Re/Max City Realty (Gibsons)
Mobile: 604-418-2695
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