Re/Max Oceanview Realty Weekly Report | March 15-21, 2022

Anyone following the real estate market these days knows we’re in unknown territory as far as predictions go. Very few of us could foresee year after year of competing offers, with homes commonly selling for well over the list price. And who knew the average price of an average home on the Sunshine Coast would top $900,000? So any guesses moving forward are just that – guesses. However, there are indications that the market could be poised for change. Interest rate hikes, the ongoing pandemic, inflation and an unstable political environment both at home and abroad are presenting headwinds. But there is another market factor which continues to override these headwinds: demand. It’s undeniable that demand for local real estate remains very strong. Many residents of the Greater Vancouver area would rather be residents of the Sunshine Coast. As long as this remains the case, our local market will not be cooling off. For the latest market information and analysis, 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.