2015 Sunshine Coast Land Sales

[Skook]

June & July 2015 SC Land Sales

Vacant lot sales took a big dip in July falling -50% to 6 sales from the previous month’s 12 sales. That being said half of July sales were over 1 acre in size. The largest holding was almost 20 acres up in Pender Harbour which tells you right off the bat it went dirt cheap...drum roll, please...$218,000!!! I mentioned this property listing (4686 Irvings Landing Rd) back in Nov 2013 and said I really like the Realtor write-up especially the cabin description:

Quote:Just about 20 acres in beautiful Irvine's Landing, fully treed, and very private. Set right in the middle of four of the best lakes the Sunshine Coast has to offer. This acreage is priced so you can hold on to it for the future or build your home right now. The topography is sloping, not steep, and fully treed with some merchantable timber. Surrounded by other large parcels of land this acreage offers great privacy. There is a wood stove in the cabin, no services, just a banjo in the closet and lots of candles.

Of course, what the Realtor was implying was the property was land locked, but wasn’t indicating the cabin was an ancient squat. LOL...loved the pics...

Yep, all that’s needed is someone sitting on that porch with that bango from the closet playing this YouTube classic hit. At that price whoever bought will likely hold onto it for the future – as a real “loooooooong term” investment. However with a little spit and polish, that cabin has potential – looks like good bones to me.

Also up that way, 6.30 acres moved on nearby Hardy Island for $350,000 which really was no hell either considering it’s a 1600’ low to high back waterfront property (mostly high judging from the pics).

As for June sales, all but one involved properties were under 1 acre. The big holding was once again up in Pender coming in at 11.63 acres but it wasn’t a giveaway as it closed at $2,250,000. Why? Well, it’s on Sakinaw Lake, has road access, and 1,197’ of shoreline. The list write-up says, “This is a true "Trophy Property" & once in a lifetime opportunity”. Obviously, some dumb-dumb thought so, too. That's a 947% premium paid for those 11.63 acres compared to those land locked 20 acres mentioned above. Who laughs last?