Re/Max Oceanview Realty Weekly Report | Jan 4 - Jan 10, 2022

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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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.