Engaging the services of a real estate professional is not the same as hiring any other type of service provider. When you agree to work with an Agent, they not only perform the tasks of listing and selling property, they actually act on your behalf. This brings to bear the Common Law of Agency, which imposes many extra obligations and standards upon the Agent. For instance, it’s not enough to merely assist the client in buying or selling real estate. Real estate agents also owe fiduciary duties – or duties of trust – to the client. These duties include loyalty, avoiding conflicts, maintaining confidentiality, using skill and diligence, following lawful instructions and making timely disclosure to the client of all known material facts. We are well-versed in the laws of Agency and understand our fiduciary duties. Call Us FIRST!!!

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The year-end real estate statistics for the Sunshine Coast are in. There were 823 sales of detached housing in 2021. That’s a 6% increase over 2020. While that represents a modest increase, it tells us that the strong demand we’ve seen since May 2020 should continue into the new year. The Benchmark Price – that is, the price of an average home in an average area – increased 3.1 % in December and 27% for the year, bringing it to $890,300. This is yet another all-time high for our area. With attached housing (condo’s and apartments), there were 260 sales in 2021, up 27% from 2020. The Benchmark price was $590,000, also up an average of 27% from 2020. Sales of vacant land rose 35% to 206. The Benchmark price isn’t available for vacant land, but we estimate prices rose at least 15%. The current listing supply is 66 detached, 37 attached and 56 land – the lowest since we’ve kept records. There’s never been a better time to sell. We need listings! Call Us FIRST!

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December 2021

Detached Properties



One-Year Change



Total Active Listings Dec 2021 76 vs Dec 2020 145 - 47.6%


Sales Dec 2021 46 vs Dec 2020 63 - 27.0%


Days on Market Average Dec 2021 50 vs Dec 2020 63 - 20.6%


MLS® HPI Benchmark Price Dec 2021 $890,300 vs Dec 2020 $702,500 + 26.7%


   
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The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Real Estate Board of Greater Vancouver (REBGV), 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 REBGV, 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 REBGV, the FVREB or the CADREB.