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SC Listings & Sales 2011-2013
12-16-2013, 06:09 AM, (This post was last modified: 12-16-2013, 06:11 AM by Skook.)
#33
RE: SC Listings & Sales 2011-2013
SC December, 2013 Sales Update:

Here are the Sunshine Coast sales figures for December 1st - 12th. Just less than half way through the month and the SC has matched the totals sales of December, 2012; however, the total sales for that month were a paltry 16. Single detached home sales currently stand at 11 with 1 of those sales being a mobile home. Last December, there were 12 SDH home sales with 2 of those being mobile homes.

[Image: attachment.php?aid=643]

For the time being, it’s pointless to include ‘New Listings’ info in the table when about 95% or higher of “new” lists are, in fact, relists. This situation will, no doubt, change sometime in 2014 and when it does I will include this information once again.

******************************

Sunshine Coast Realtor Kenan Mackenzie of Prudential Sussex Realty has released his “Reflections” on November, 2013 sales. It is presented below in its entirety. I have added the highlighting and included my own observations/comments below the paragraphs.

Quote:Sunshine Coast Detached listings:
There are 579 current detached listings; in the same period in 2012 we had 533 detached listings. Detached sales ending November 30 were 424 detached sales, in 2012 there were 450 sales and in 2011 there were 440 sales. The current market’s hot price range is below $400,000, with 241sales occurring in this price range. With the current pace of sales this represents a 15-month supply of listings. We are down 26 sales over 2011.

[Skook note: According to Mackenzie, Year-to-date Sales (Jan-Nov) = 2013: 424 (-5.8%), 2012: 450 (+2.3%), 2011: 440. In the last sentence, he has erred and obviously meant to say “over 2012.”]

Sunshine Coast Attached Listing:
There are 157 current attached listings this is up slightly over 2012; in the same period last year we had 148 attached listings. Attached sales ending November 30 totalled 87, in 2012 there were 85 sales and in 2011 there were 89 sales. With the current pace of sales this represents a 20-month supply of listings. Attached listing represents strata unit apartments, condos and townhouses. Attached sales are up slightly over the previous year.

[Skook note: The vast majority of attached sales are “resales” undergoing substantial price drops. New build sales continue to flounder.]

Sunshine Coast Land listing:
There are 378 bare land listings this is up from 2012 when we had 373 listings. Land sales ending November 30 totalled 53 sales, in 2012 there were 61 sales and in 2011 there were 75 sales. With the current pace of sales this represents a 90-month supply.

[Skook note: I have SC YTD lands sales for 2013 at 49. MacKenzie is likely including sales on the islands (Gambier, Keats). The supply of inventory continues to increase. A 90-month supply = 7½ years.]

The statistics below are for detached sales only and for the entire Sunshine Coast [Skook note: Year-to-date sales]:
  • $000 to $300,000 with 111 sales
  • $301,000 to $400,000 with 131 sales
  • $401,000 to $500,000 with 76 sales
  • $501,000 to $600,000 with 43 sales
  • $601,000 to $700,000 with 23 sales
  • $701,000 to $ 800,000 with 17 sales
  • $801,000 to $900,000 with 6 sales
  • $901,000 to $1,000,000 with 4 sales
November for most was a tough month if you were selling a home in the $500,000 range you still own it — there was not a single sale on the Sunshine in this range the same goes for above the $800,000 not one sale on MLS recorded.

[Skook note: In my Silverstone Heights thread, I show at what price range the majority of SDH are occurring and you can see those tables in this post - this does not bode well for Silverstone. I had indicated 1 sale in the $500,000 - $599,999 range in the table for November, if Mackenzie is saying no sales occurred here then this “sale” must have fallen through.]

2014 is going to have some great economic news for the Sunshine Coast. We are starting to see some investments being made that will translate into jobs so take heart sellers things are looking brighter. Jobs are what we need on the Coast, Telus providing fibre optics to the Coast is a huge help for those working in the technology sector. If only we could get BC Ferries to consider the impact that they have on the Real Estate and Economy of the Sunshine Coast. We are sitting beside the largest job market in BC in the Lower Mainland if we could improve our access to it.

[Skook note: I wonder if those “investments” pertain to new hotel proposals for Sechelt and Gibsons. If so, the majority of those employments opportunities will likely be part-time at minimum wage.]

The Sunshine Coast has some great buying opportunity for someone looking for a great deal, history shows us that it will not last and the seller will be in the driver’s seat.


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Messages In This Thread
SC Listings & Sales 2011-2013 - by Skook - 04-08-2013, 01:33 PM
RE: SC Listings & Sales 2011-2013 - by Skook - 04-09-2013, 07:38 AM
RE: SC Listings & Sales 2011-2013 - by Skook - 04-12-2013, 04:13 PM
RE: SC Listings & Sales 2011-2013 - by Skook - 05-01-2013, 04:22 PM
RE: SC Listings & Sales 2011-2013 - by susanu - 05-04-2013, 02:33 PM
RE: SC Listings & Sales 2011-2013 - by Skook - 05-05-2013, 11:32 AM
RE: SC Listings & Sales 2011-2013 - by punnoval - 08-31-2013, 03:59 PM
RE: SC Listings & Sales 2011-2013 - by Skook - 08-31-2013, 04:49 PM
RE: SC Listings & Sales 2011-2013 - by punnoval - 08-31-2013, 05:02 PM
RE: SC Listings & Sales 2011-2013 - by Skook - 08-31-2013, 05:48 PM
RE: SC Listings & Sales 2011-2013 - by Skook - 06-01-2013, 08:29 AM
RE: SC Listings & Sales 2011-2013 - by Skook - 06-13-2013, 11:27 AM
RE: SC Listings & Sales 2011-2013 - by Skook - 07-01-2013, 11:42 AM
RE: SC Listings & Sales 2011-2013 - by Skook - 07-20-2013, 12:58 PM
RE: SC Listings & Sales 2011-2013 - by Skook - 08-01-2013, 09:12 AM
RE: SC Listings & Sales 2011-2013 - by Skook - 08-12-2013, 01:03 PM
RE: SC Listings & Sales 2011-2013 - by Skook - 09-12-2013, 01:58 PM
RE: SC Listings & Sales 2011-2013 - by Skook - 10-01-2013, 12:30 PM
RE: SC Listings & Sales 2011-2013 - by Skook - 10-09-2013, 01:46 PM
RE: SC Listings & Sales 2011-2013 - by Skook - 10-17-2013, 03:09 PM
RE: SC Listings & Sales 2011-2013 - by punnoval - 10-19-2013, 08:56 PM
RE: SC Listings & Sales 2011-2013 - by Skook - 10-20-2013, 09:40 AM
RE: SC Listings & Sales 2011-2013 - by Skook - 10-20-2013, 10:56 AM
RE: SC Listings & Sales 2011-2013 - by Skook - 10-29-2013, 11:24 AM
RE: SC Listings & Sales 2011-2013 - by Skook - 11-01-2013, 04:31 PM
RE: SC Listings & Sales 2011-2013 - by Skook - 11-16-2013, 06:14 PM
RE: SC Listings & Sales 2011-2013 - by Skook - 11-25-2013, 01:37 PM
RE: SC Listings & Sales 2011-2013 - by Skook - 11-29-2013, 01:09 PM
RE: SC Listings & Sales 2011-2013 - by Skook - 12-03-2013, 07:16 AM
RE: SC Listings & Sales 2011-2013 - by Skook - 12-05-2013, 02:42 PM
RE: SC Listings & Sales 2011-2013 - by Skook - 12-05-2013, 08:15 PM
RE: SC Listings & Sales 2011-2013 - by Skook - 12-16-2013, 06:09 AM
RE: SC Listings & Sales 2011-2013 - by Skook - 12-21-2013, 07:48 AM
RE: SC Listings & Sales 2011-2013 - by Skook - 12-27-2013, 02:37 PM
RE: SC Listings & Sales 2011-2013 - by Skook - 01-04-2014, 01:45 PM
RE: SC Listings & Sales 2011-2013 - by Skook - 01-07-2014, 10:52 AM

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