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2015 Sunshine Coast Land Sales
11-27-2015, 02:33 PM, (This post was last modified: 11-27-2015, 02:38 PM by Skook.)
#5
RE: 2015 Sunshine Coast Land Sales
September – October 2015 SC Land Sales

There’s no doubt about it land sales are smoking on the SC compared to recent years. September’s sales were up +49% year-over-year and +87% vs September 2013. In total, 12 parcels moved. The cheapest at $88,000 (damn 8s everywhere you look) was for 0.71ac in Sechelt – we’re talking the end of the road up there in Tuwanek...past Sandy Hook...in East Porpoise Bay...still doesn’t ring any bells? That’s why it was cheap.

The largest parcel at 32.8 acres off Trout Lake Rd in Halfmoon Bay went for $875,000. The most expensive saw $1,335,000 dished out for a 4.97 acre waterfront property on Sakinaw Lake north of Pender Harbour – too much.

The one sale that caught my eye was a small subdivision lot up in Oracle Heights in West Sechelt. Lot 30 Dodona Place sold almost to the day 9 years after it was first listed back in September 2006 (MLS# V613308). Its last list price was $149,900 and it went for $128,000. I was sad to see it go but there are still two more ancient lot listings nearby that have the potential to make it to ten years, so I’m keeping my fingers crossed.

[Image: attachment.php?aid=1192]

Yee haw, October was the best month so far this year for sales – 18 lots! This is a +75% year-over-year increase and a whopping +120% vs October 2013. Well, I don’t know about you, but I feel like dancing...

   

Lots sold for $50,000 for 0.3 acres in Gibsons up to $389,500 for 0.65 acres, again, in Gibsons. In fact, Gibsons, was the overall winner this month with 7 lots changing hands. As usual, a wholelota land moving for peanuts happened up there in cheapo Pender Harbour with a 19.5 acre Irvings Landing Rd parcel closing at $170,000.

[Image: attachment.php?aid=1193]

So, do you think the federal election played a role here? Many still believe in times of uncertainty buy land...or silver...or gold...what’s gold going for now...$1,055.90 (down -14.10 or -1.32% on today’s trading)...yeah, that works. Looking at what’s moving I think there are definitely investors hedging their bets, but also home builders trying to pick up some sweet deals on which to slap up some spec homes as inventory drops. We’ll see how that goes...


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Messages In This Thread
2015 Sunshine Coast Land Sales - by Skook - 04-16-2015, 10:46 AM
RE: 2015 Sunshine Coast Land Sales - by Skook - 06-14-2015, 06:14 PM
RE: 2015 Sunshine Coast Land Sales - by Skook - 08-12-2015, 09:04 AM
RE: 2015 Sunshine Coast Land Sales - by Skook - 09-05-2015, 03:44 PM
RE: 2015 Sunshine Coast Land Sales - by Skook - 11-27-2015, 02:33 PM
RE: 2015 Sunshine Coast Land Sales - by Skook - 12-04-2015, 11:53 AM

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